Terry Pegula Biography: Parents, Family, Children, Wife, Wikipedia, Nationality, Ethnicity, Height, Age, Net Worth

Terrence Michael Pegula, famously known as Terry Pegula, is an American billionaire entrepreneur and petroleum engineer with a strong presence in the sports industry.

He owns the Buffalo Sabres of the National Hockey League (NHL) and, in partnership with a group of private equity firms and athletes, the Buffalo Bills of the National Football League (NFL).

Profile

• Full Name: Terrence Michael Pegula
• Stage Name: Terry Pegula
• Born: 27, March 1951
• Age: 73 years old
• Birthplace: Carbondale, Pennsylvania, United States
• Nationality: American
• Occupation: Businessman
• Height: 1.83m
• Parent: Eloise Pegula and Myron “Rip” Pegula
• Siblings: unknown
• Spouse: Anne Shirley (Divorced) and Kim Pegula (m. 1993)
• Children: Jessica Pegula, Kelly Pegula, Matthew Pegula, Laura Pegula and Michael Pegula
• Relationship: Married
• Net Worth: $8 billion

Early Life And Education

Terrence Michael Pegula was born on March 27, 1951, in Carbondale, Pennsylvania, United States. He is the son of Eloise Pegula and Myron “Rip” Pegula. While he may have grown up with siblings, details about them have not been publicly disclosed.

For his education, Pegula attended Scranton Preparatory School for high school before pursuing higher studies at Penn State University. In 1973, he graduated with a Bachelor of Science degree in natural gas and petroleum engineering. Pegula is of American ethnicity, though specific information regarding his religious beliefs has not been made available to the public.

Career

Terry Pegula began his career in the energy sector, founding East Resources in 1983 with an initial investment of $7,500 from family and friends. His company focused on natural gas drilling and quickly gained traction after discovering substantial gas reserves in the Marcellus Formation.

By leveraging advanced hydraulic fracturing technology, Pegula transformed East Resources into a highly profitable enterprise. His success culminated in 2010 when he sold the company to Royal Dutch Shell for approximately $4.7 billion, marking a turning point in his career and enabling his transition into the sports industry.

Following his success in the energy business, Pegula shifted his focus to professional sports. In 2011, he purchased the Buffalo Sabres, a franchise he had long admired as a fan, for $189 million.

His ownership injected new life into the team, with major investments in player development and infrastructure, including the construction of Harborcenter, a state-of-the-art facility adjacent to the First Niagara Center.

In 2014, Pegula further expanded his presence in the sports world by acquiring the Buffalo Bills for $1.4 billion, securing the franchise’s future in Buffalo and reinforcing his commitment to the region’s sports culture.

Beyond team ownership, Pegula founded Pegula Sports and Entertainment, an organization that manages various sports and entertainment ventures, including minor league teams and event venues.

His contributions extend beyond sports, as evidenced by his philanthropic efforts, such as a $102 million donation to Penn State University for hockey facilities. With a net worth exceeding $7 billion, Pegula continues to shape Buffalo’s sports and business landscape, leaving a lasting impact on both the local economy and the community.

Social Media

• Instagram handle: @terry_pegula
• Facebook handle: Terry Pegula

Personal Life

Terry Pegula has been married twice. His first marriage was to Anne Shirley, with whom he had two children, Michael and Laura. The couple later divorced, and details about their relationship are not widely known.

In 1993, he married Kim Pegula, and together they have three children: Jessica, Kelly, and Matthew. Kim Pegula has been an integral part of their business ventures.

Net Worth

Terry Pegula has an estimated net worth of $8 billion, positioning him among the wealthiest individuals in the United States and placing him as the 378th richest person globally.