Terrence Pegula Net Worth is$3.1 Billion
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Date of Birth: Mar 27, 1951
Country: United States of America
Terrence Pegula net worth: Terrence Pegula's net worth is $3.1 billion dollars which makes him one of the richest people in Florida. Born in Carbondale, Pennsylvania, Terrence Pegula graduated from Pennsylvania State University with a BS in Engineering, though he began his study at the school as a math major. He began working for Getty Oil just after graduating, and then branched out on his own. He first achieved success after founding East Resources, a natural gas drilling company, in 1983. In 2000, he also bought up Pennzoil Assets. In 2010, he sold East Resources to Royal Dutch Shell for $4.7 billion. He then used a portion of his funds to purchase the Buffalo Sabres NHL team and the Buffalo Bandits lacrosse team for $189 million. He also gave an $88 million donation to Penn State to aid in the construction of their new Pegula Ice Arena, and gave another $12 million to Houghton University for their Kerr-Pegula Sports Complex.
Terrence M. "Terry" Pegula (born March 27, 1951) is an American businessman. Pegula founded East Resources, a natural gas drilling company, before selling the company to Royal Dutch Shell for approximately $4.7 billion.
Since his cashout, he has been known for his contributions to higher education athletics; having donated $88 million for the construction of the Pegula Ice Arena on the campus of Penn State University and $12 million for the construction of the Kerr-Pegula Sports Complex at Houghton College located in Western New York. On February 18, 2011, he bought the NHL's Buffalo Sabres (along with the Buffalo Bandits indoor Lacrosse franchise) from previous owners Tom Golisano, Larry Quinn, and Dan DiPofi for $189 million. Pegula's purchase made an immediate positive impact, with players, fans and alumni invigorated by his investment in the team. Pegula was quoted as saying, "Starting today, the Buffalo Sabres reason for existence, will be to win a Stanley Cup." In May 2011, Pegula began negotiations on behalf of the Sabres to repurchase the Rochester Americans, which had served as the Sabres' American Hockey League affiliate from 1979 to 2008 (and had been owned by the Sabres from 1979 to 1996); the deal was completed in late June 2011. Pegula also owns a share of Black River Music Group, an independent country music label that includes among its artists Craig Morgan and Sarah Darling.
Pegula lives in Boca Raton, Florida along with his wife, Kim Pegula (nee Kerr), a graduate of Houghton College. They have five children: Michael, Laura, Jessica (Jessie), Kelly and Matthew. Jessica Pegula is a tennis player on the Women's Tennis Association's Pro Circuit.

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Terrence Pegula Latest News

Terry Pegula says 2016 isn’t playoffs-or-bust season for Bills

The Bills don’t have to make the playoffs for head coach Rex Ryan and general manager Doug Whaley to keep their jobs, Bills owner Terry Pegula told USA Today. “You have to have continuity,” Pegula said. “I don’t care if you’re drilling oil in ...
Posted: October 21, 2016, 10:30 am

Buffalo Bills' Terry Pegula talks playoffs, Greg Roman and ultimatums with USA Today

Playoffs are a legitimate possibility for the 4-2 Buffalo Bills. However, this season is not playoffs-or-bust for the Bills according to owner Terry Pegula. Pegula was recently interviewed by Tom Pelissero of the USA Today and one of the topics that Pegula ...
Posted: October 22, 2016, 9:30 am

Terry Pegula: “No way” this year is playoffs or bust

Near the end of the 2015 season, there was a report that Bills owners Terry and Kim Pegula were going to fire coach Rex Ryan and General Manager Doug Whaley if the team didn’t make the playoffs in 2016. That was refuted, but the feeling took enough hold ...
Posted: October 21, 2016, 4:23 pm
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