![](/res/blank-m.jpg)
Terrence Pegula
Owner, Buffalo Sabres
$6.8B
as of 07/05/24
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 AmericaSource of wealth
Natural gasResidence
Boca Raton, FloridaMarital status
MarriedBirth date
03/27/51 (age 73)Number of children
5Education
Bachelor of Science in Engineering, Pennsylvania State UniversitySelf-made
self-madeTerrence Pegula’s fortune is worth
![](/res/goldbars.png)
113K
troy ounces of gold
![](/res/savings.png)
105K
median U.S. household
![](/res/income.png)
68K
median U.S. income
![](/res/credit-card.png)
0.136%
U.S. credit card volume
![](/res/earnings.png)
0.027%
GDP of the United States
![](/res/debt.png)
0.02%
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 LifeNASDAQ | RAND-US
RANDImages © Forbes.com. All rights reserved.