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.

Terrence Pegula Latest News

Bills GM calls trades 'win today, and win tomorrow' moves

"If someone backed out, I don't know," Beane said. Beane said he presented the plan to coach Sean McDermott and owner Terry Pegula after Thursday night's game against the Vikings. While nothing was agreed upon, Beane said things were "very close."
Posted: August 13, 2017, 9:48 am

Bills trade Sammy Watkins to Rams; get Jordan Matthews from Eagles

He presented both trades to McDermott and owner Terry Pegula on Thursday night, following Buffalo’s preseason-opening 17-10 loss to Minnesota. McDermott said he had little sleep after spending much of the night attending meetings and going over the pros ...
Posted: August 11, 2017, 1:06 am

Haggerty: Bruins' only choice is signing Pastrnak rather than trading him

FOH (Friend of Haggs) Greg Wyshynski has another in his “What If…?” series asking what might have happened if Terry Pegula owned the Buffalo Sabres in the 1990’s. *For something completely different: I can be hit or miss with Tina Fey’s comedy ...
Posted: August 19, 2017, 7:53 pm

Eichel 'in the midst of' extension talks with Sabres: report

I want to reward the city. It's been two great years. I don't want to go anywhere else." Sabres owner Terry Pegula said Aug. 2 that "we want Jack and Jack wants to be in Buffalo." Eichel was the No. 2 pick in the 2015 NHL Draft, behind Connor McDavid of ...
Posted: August 19, 2017, 8:37 pm

One Fan(n)’s Opinion by @rich_fann: When a Fan cares more about Concussions than Bills, that Scares Me

Terry Pegula and his family are the saviors of Western New York Sports. “One Buffalo” is a phrase many will speak willingly and with glee, marking their tie to the Pegula-led initiative. Terry Pegula this week, prior to my visit to training camp that ...
Posted: August 7, 2017, 8:13 am
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