All I know is, he first payed on the NHL with the Edmonton Oilers.
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Wayne Gretzky did not play in college. He played for a few different teams in juniors in Canada before the WHA/NHL.
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Wayne Gretzky was never drafted. He had a WHA contract with the Indianapolis Racers. In 1979 when the WHA merged with the NHL the NHL team associated was allowed to keep 2 players from their WHA team. Gretzky was obviously a choice for Edmonton and was therefore never drafted into the NHL.
Before the team declared bankruptcy, Gretzky had a 10% stake in the Phoenix Coyotes.