From the Editor
- Terry Pegula made a fortune in oil and gas and has since turned it into a sports empire that includes the Buffalo Bills and Buffalo Sabres.
- His oil and gas outfit, East Resources, sold the bulk of its assets to Royal Dutch Shell for $4.7 billion in 2010.
- He bought the Sabres the next year for $189 million and in 2014 outbid groups led by Donald Trump and Bon Jovi to pick up the Bills for $1.4 billion.
- A former math major, Pegula switched to petroleum engineering on a scholarship and joined Getty Oil after graduation.
- He founded East Resources in 1983 with a $7,500 loan from friends and family to drill sand wells.
Wealth History
HOVER TO REVEAL NET WORTH BY YEAR
Personal Stats
- Age
- 73
- Source of Wealth
- Natural gas, Self Made
- Residence
- Boca Raton, Florida
- Citizenship
- United States
- Marital Status
- Married
- Children
- 5
- Education
- Bachelor of Science in Engineering, Pennsylvania State University
Did you know
Pegula's daughter, Jessica Pegula, is a professional tennis player.
A Penn State alumnus, Pegula donated $102 million to the university to fund a new arena and launch a NCAA Division I hockey program.
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