Richest BusinessRichest Billionaires
Net Worth:
$8 Billion
Mar 27, 1951 (73 years old)
United States of America
💰 Compare Terrence Pegula's Net Worth

What is Terrence Pegula's Net Worth?

Terrence Pegula is an American billionaire who has a net worth of $8 billion. That makes him one of the richest people in Florida. Born in Carbondale, Pennsylvania, Terrence Pegula, aka Terry Pegula, graduated from Pennsylvania State University with a BS in Engineering, though he began his study at the school as a math major. He began working for Getty Oil just after graduating, and then branched out on his own. He first achieved success after founding East Resources, a natural gas drilling company, in 1983. In 2000, he also bought up Pennzoil Assets.

In 2010, he sold East Resources to Royal Dutch Shell for $4.7 billion. He then used a portion of his funds to purchase the Buffalo Sabres NHL team and the Buffalo Bandits lacrosse team for $189 million. He also gave an $88 million donation to Penn State to aid in the construction of their new Pegula Ice Arena, and gave another $12 million to Houghton University for their Kerr-Pegula Sports Complex. On September 9, 2014, it was announced that a group of investors led by Terry had won the right to purchase the Buffalo Bills NFL franchise for $1.4 billion. Terry's group beat out competing bids from a group led by Jon Bon Jovi and another group led by Donald Trump.

All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.
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