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

Buffalo Bills' stadium plans inch to forefront of discussion

BUFFALO, N.Y. -- The Buffalo Bills' long-term future in western New York was secured when Terry and Kim Pegula purchased the franchise following the death of Hall of Fame owner Ralph Wilson in 2014. Where the team will play its home games - at its current ...
Posted: March 29, 2018, 6:59 pm

Could the next Labatt Blue come from Buffalo?

Labatt is a major corporate sponsor for the Buffalo Bills, Buffalo Sabres, Buffalo Bandits and Rochester Americans - all owned by PSE’s founders Terry and Kim Pegula. Labatt USA has been headquartered in Buffalo for the past 11 years, taking a floor in ...
Posted: June 5, 2018, 12:00 pm

Thoughts on owner Terry Pegula's letter to Sabres' season ticket holders

On February 22, 2011, billionaire Terry Pegula sat in front of the media as owner of the Buffalo Sabres and boldly declared, "Starting today, the Buffalo Sabres' reason for existence will be to win the Stanley Cup." For those in attendance at his inaugural ...
Posted: April 21, 2018, 3:28 pm
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