Terrence Pegula

Owner, Buffalo Sabres

$7.64B

$4.5M (-0.1%)

as of 05/21/25

About Terrence Pegula

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.

Personal stats

Citizenship

United States of America

Source of wealth

Natural gas

Residence

Boca Raton, Florida

Marital status

Married

Birth date

03/27/51 (age 74)

Number of children

Education

Bachelor of Science in Engineering, Pennsylvania State University

Self-made

self-made

Terrence Pegula’s fortune is worth

127K

troy ounces of gold

117K

median U.S. household

76K

median U.S. income

0.153%

U.S. credit card volume

0.031%

GDP of the United States

0.022%

United States debt

Net worth history

Annual ranking

Did you know?

Pegula's daughter, Jessica Pegula, is a professional tennis player.

Net worth over time

Real-time ranking

Financial assets

NASDAQ | ABL-US

Abacus Life

NASDAQ | RAND-US

RAND