He is a billionaire from the USA. He was active in the oil and gas industry with his East Resources company. He is active in professional sports.
He owns a sports empire named Pegula Sports and Entertainment. Investments are including the Buffalo Bills and the Buffalo Sabres.
He attended Penn State University. Where he earned a degree in Petroleum and Natural Gas Engineering.
Pegula started as a petroleum engineer at Getty Oil. In 1983 he founded East Resources. He used a US$ 7.500 loan from family to fund the company.
East Resources started searching and drilling for oil. And later focused on natural gas. In 2010 he sold most of his East Resources assets to Royal Dutch Shell for US$ 4.7 billion. He sold the remaining assets in 2014 for US$ 1.75 billion.
His focus shifted to Sports and Entertainment.
Pegula Sports and Entertainment (PSE) is Terrence Pegula’s sports and entertainment holding company. It is based in Buffalo, New York. Terrence’ wife Kim Pegula is the CEO and President of Pegula Sports and Entertainment.
The company’s investments include the Buffalo Bills of the National Football League. PSE also owns the Buffalo Sabres of the National Hockey League. And the Buffalo Beauts of the National Women's Hockey League. It owns the Buffalo Bandits which is a professional lacrosse team in Buffalo, NY. And PSE owns the Rochester Americans, a professional ice-
In 2014 PSE placed the winning bid to purchase the Buffalo Bills, beating out a bid from Donald Trump. The company paid US$ 1.4 billion for the team.
His net worth is estimated at US$ 4.5 billion.
He is an active philanthropist. He donated US $102 million for the construction of the on-
He also donated US $12 million to Houghton College in New York. To fund the Kerr-
He lives with his wife Kim in a large house near Boca Raton, Florida. The house has many sporting facilities. Including a large pool, a basket ball court and 2 tennis courts.
They have 5 children. Michael, Laura, Jessica, Kelly and Matthew. Jessica Pegula is a professional tennis player. Which may explain the 2 tennis courts in the garden of their mansion.
We think he owns a private jet. But we have not been able to identify the registration number. We guess that he uses NetJets for the jet’s management.
The yacht Top Five was built by Christensen Shipyards in 2005. It was built as Liquidity for Henry Luken. He is founder of Luken Communications. In that period Luken also owned Christensen Shipyards.
Later she was purchased by John Rosatti. Who named her Nice N Easy. In 2010 Rosatti sold her to Pegula who named her Top Five. The luxury yacht can accommodate 12 guests and a crew of nine.
The Top Five yacht is powered by two MTU engines. Which bring her a top speed of 17.5 knots. The interior of the superyacht Top Five is designed by Carol Williamson & Associates Ltd.
The boat is not available for yacht charter. And she is not listed for sale.
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