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#352 Billionaire

Terrence Pegula

Terrence Pegula
$9.3B
$0M (0.0%)
US · Age 75
Source of wealth: Natural gas
Industry: energy
Organization: Buffalo Sabres, Owner
Residence: Boca Raton
{ "bio": [ "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." ], "about": [ "Pegula's daughter, Jessica Pegula, is a professional tennis player.", "A Penn State alumnus, Pegula donated $102 million to the university to fund a new arena and launch a NCAA Division I hockey program." ] }

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