TERRY PEGULA • Net Worth $6.7 Billion • Yacht • House • Private Jet • Pegula Sports and Entertainment

Name:Terrence Pegula
Net Worth:$6.7 billion
Source of Wealth:East Resources / Pegula Sports and Entertainment
Born:March 27, 1951
Wife:Kim Pegula
Children:Jessica Pegula, Kelly Pegula, Laura Pegula, Matthew Pegula, Michael Pegula
Residence:Boca Raton, Florida, USA
Private Jet:Netjets
YachtTop Five II

Terry Pegula: A Billionaire’s Journey from Oil and Gas to Sports Empire

Terry Pegula, born in 1951, is an American billionaire who made his fortune in the oil and gas industry with his company, East Resources. Alongside his wife, Kim Pegula, he now owns and manages Pegula Sports and Entertainment, a sports and entertainment holding company that includes the Buffalo Bills and the Buffalo Sabres.

Key Takeaways:

  • Terry Pegula, with a net worth of $6.7 billion, is the owner of the yacht Top Five.
  • Pegula made his fortune in the oil and gas industry with his company, East Resources.
  • He is the founder and owner of Pegula Sports and Entertainment, which includes the Buffalo Bills (NFL), Buffalo Sabres (NHL), Buffalo Beauts (NWHL), Buffalo Bandits (professional lacrosse team), and Rochester Americans (professional ice hockey team).
  • Pegula is known for his philanthropy, supporting causes such as cancer research, youth sports programs, and Penn State University.
  • He and his wife, Kim Pegula, live in Boca Raton, Florida, USA.
  • Their daughter, Jessica Pegula, is a professional tennis player.

From Petroleum Engineer to East Resources Founder

Starting his career as a petroleum engineer at Getty Oil, Pegula founded East Resources in 1983 with a $7,500 loan from his family. Initially focusing on oil, the company later shifted its attention to natural gas. After selling most of the company’s assets for billions, Pegula transitioned to the sports and entertainment industry.

Building a Sports and Entertainment Empire

Pegula Sports and Entertainment (PSE), based in Buffalo, New York, is the holding company for a range of investments, 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.

Acquiring the Buffalo Bills and Buffalo Sabres

In 2014, PSE purchased the Buffalo Bills for $1.4 billion, outbidding Donald Trump. Additionally, Pegula paid $189 million for the Hockey Western New York Company, which owns both the Sabres and the Buffalo Bandits.

Terry Pegula’s Net Worth and Philanthropy

With an estimated net worth of $6.7 billion, Mr. Pegula is known for his philanthropy, supporting causes such as cancer research, youth sports programs, and his alma mater, Penn State University. He has donated millions to various educational institutions for the construction of sports facilities.
Pegula is the owner of several assets, including:

  1. Buffalo Bills: Pegula and his wife Kim Pegula are the owners of the NFL franchise, the Buffalo Bills.
  2. Buffalo Sabres: Pegula also owns the NHL franchise, the Buffalo Sabres.
  3. Pegula Sports and Entertainment: This is a sports and entertainment company that the Pegulas own and operate, which manages the Buffalo Bills and Buffalo Sabres, as well as several other sports and entertainment properties.
  4. Real Estate Properties: The Pegulas also own a number of real estate properties, including hotels, office buildings, and residential properties.
  5. Natural Gas: Pegula made his fortune in the natural gas industry and still holds assets in this sector through his company, East Resources Inc.

Family Life and Yachting Passion

Terry and Kim Pegula have five children, one of whom is professional tennis player Jessica Pegula. The Pegulas have a passion for yachting, and their latest vessel, Top Five II, is named after their children.

Kim Pegula

Terry’s wife Kim Pegula is co-owner of the Buffalo Bills. Kim is the President of the family’s Pegula Sports and Entertainment. Terry and Kim met in a restaurant, where Kim was soliciting for a job. He offered her a job at his gas company.

Jessica Pegula

Their daughter Jessica Pegula is an American professional tennis player. She was born on February 24, 1994. Jessica competed in the 2022 US Open. Her highest ranking was No 7. in the world.

Frequently Asked Questions (FAQ)

How did Terrence Pegula make his money?

He used a US$ 7.500 loan from his family to fund the company East Resources. He started drilling for oil and later for natural gas. He sold the company for more than $6 billion to Shell PLC.

How did Terrence Pegula meet his wife?

Terry and Kim met in a restaurant, where Kim was soliciting for a job. He offered her a job at his gas company.

Where do Terry and Kim Pegula live?

They live in Boca Raton, Florida, USA.

Boca Raton is a city located in Palm Beach County, Florida, United States. It is a popular tourist destination known for its beautiful beaches, upscale shopping and dining, and high-end residential communities.

Boca Raton has a long history, with roots dating back to the early 20th century when it was developed as a resort town. Today, the city is home to a diverse population of over 100,000 residents, and is considered one of the most affluent cities in the country.

One of the city’s most famous landmarks is the Boca Raton Resort & Club, a luxury resort and spa that has been a popular destination for generations. The resort is known for its beautiful grounds, stunning beaches, and world-class amenities.

In addition to its many tourist attractions, Boca Raton is also a hub for commerce and industry, with a thriving business community that includes many large corporations and leading technology companies. The city is also home to several top-ranked schools and universities, including Florida Atlantic University and Lynn University.






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Yacht Top Five Owner

Terry Pegula

Watch this video!

Yacht Top Five II

His yacht Top Five II was built at Hakvoort in 2021. She is one of the largest Hakvoort yachts ever built. The superyacht is designed by Sinot Yacht Design.

Under the hood, 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. This blend of power and performance ensures smooth sailing and a comfortable experience for those on board.