Edmonton Oilers owner buys Malibu estate for $120 million

Imagine being so well off that you can sit back a drop a cool $120 million on a house. That’s exactly what we’re seeing from Edmonton Oilers owner Daryl Katz, who is buying this Malibu mansion from super-realtor Kurt Rappaport.

According to TMZ Sports, $85 million is for the property and another $35 million is for the contents of the property.

The mansion itself is just absurd.

It includes a 168-foot infinity pool.

Courtesy of Architectural Digest

“The architectural language of the 15,000-square-foot residence, which encompasses a sweeping living room, a master suite with a luxurious bathroom worthy of Hollywood royalty, a wing of bedrooms for Rappaport’s children, and a basement with a game room and a home theater, is reiterated in an adjacent pavilion containing two guest suites,” Architectural Digest noted last year.

Katz had been leasing the house for a whopping $750,000 per month before deciding to purchase it. It stands on six acres of prime Malibu real estate and includes 22,000 square feet.

Katz — considered one of the wealthiest Canadians with an estimated net worth of $2.9 billion — purchased the Edmonton-based NHL franchise for $200 million back in 2008. That’s just $80 million more than what he paid for this estate.