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America’s Billionaires List has a name on it that most fans nowadays associate only with sports and more specifically with the NHL team the Buffalo Sabers and the big NFL franchise the Buffalo Bills. Both those sports teams, as well as some other sports enterprises, are owned by Terrence Pegula and his wife Kim. But how much money does the Bills’ owner Terry Pegula have? What is Terry Pegula’s net worth?
How did Terry Pegula made his money and when he bought the Buffalo Bills?
Terrence Michael Pegula, known generally as Terry Pegula, was born on March 27th, 1951 in Carbondale, Pennsylvania. He comes from a poor family and his childhood was spent in poverty. His father is known to have worked both as a trucker and a coal miner to support Terry and his siblings.
Terry Pegula managed to gain a full scholarship at Penn State University. He graduated in 1983 with a degree in petroleum and natural gas engineering. Then luck and help from relatives made Terry Pegula the man he is today. Right after graduation, he borrowed $7,500 from family and friends to found his own oil and gas company East Resources. Over the next few decades, he was very successful with his explorations and after getting tired from this business Terry Pegula sold most of his assets in oil and gas.
In the early 00s, he sold the most profitable assets for $4.7 billion, a year later he also sold his Ohio and West Virginia assets for $1.7 billion, while still keeping his oil and gas assets in Pennsylvania for himself.
What else “Pegula Sports and Entertainment” owns?
Pegula Sports and Entertainment (PSE), based in Buffalo, New York, is co-owned by Terry Pegula and his wife Kim Pegula. The company owns various sports teams, including the Buffalo Bills of the NFL, the Buffalo Sabres of the NHL, and the Buffalo Beauts of the National Women’s Hockey League. PSE also owns the professional lacrosse team Buffalo Bandits and the professional ice hockey team Rochester Americans.
What is Terry Pegula’s net worth?
As of March 2023, Terry and Kim Pegula’s net worth is estimated to be around $6.7 billion.
Where does Terry Pegula live?
Terry Pegula and his wife Kim live in a luxurious mansion in Boca Raton, Florida, USA. The house has many sporting facilities. Including a large pool, a basketball court and 2 tennis courts.
Boca Raton is home to a diverse population of over 100,000 residents and is considered one of the most affluent cities in the country.
Terry Pegula’s yacht obsession and what yacht he owns now
Terry Pegula is known for his love for yachts and ever since the early 90s, he’s owned a yacht. His latest one is one of the largest Hakvoort yachts ever built. According to SuperYachtFan, it is designed by Sinot Yacht Design. Its name is Yacht Top Five II in honour of his five children.
Again, according to SuperYachtFan Yacht Top Five II is equipped with Caterpillar engines that deliver a top speed of 16 knots, while her cruising speed stands at an impressive 14 knots.
Does Terry Pegula own a private jet?
Terry Pegula is one of the few billionaires in the world that doesn’t own a private jet. He uses NetJet for transport.
With a vast fleet of over 750 aircraft, NetJets provides access to diverse aircraft types, ensuring that clients can select the perfect jet for their travel needs.
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