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Terrence Pegula Net Worth

Terrence Pegula Net Worth is
$4.6 Billion



Terrence Pegula Biography

Terrence M. “Terry” Pegula (created March 27, 1951) is an American multi-billionaire. Pegula holds company interests in natural gas development, real estate and professional sports, including complete possession of the Buffalo Sabres of the National Hockey League.

Pegula founded East Resources, a natural gas drilling business that profited greatly upon the discovery of deep layers of natural gas in the Marcellus Formation as well as the development of the hydraulic fracturing procedure to regain said gas. Pegula finally sold the Pennsylvania, New York, and Rocky Mountain assets of the firm to Royal Dutch Shell for about $4.7 billion. Pegula sold the Ohio and West Virginia assets of the business to American Energy for $1.75 billion in 2014. Pegula’s purchase made an immediate positive impact, with players, supporters and alumni invigorated by his investment in the team as well as the First Niagara Center. Pegula was quoted as saying, “Beginning today, the Buffalo Sabres reason for existence, will be to win a Stanley Cup.” On September 9, 2014 it was declared that Pegula has the winning binding bid to buy the National Football League’s Buffalo Bills, a team that has been put up on the market following the departure of preceding owner Ralph Wilson. Pegula was a favorite among most local Bills supporters and local politicians because of his dedication to the Western New York region to get the team. Terry and Kim Pegula are now pending approval in the league for possession, after winning the bid to purchase the Bills.

Terrence Pegula Net Worth $3 Billion Dollars

Quick Facts

Net Worth$4.6 Billion
Date Of BirthMarch 27, 1951
Place Of BirthCarbondale, Pennsylvania, United States
ProfessionBusiness professional
EducationPennsylvania State University
NationalityUnited States of America
SpouseKim Pegula (m. 1993)
ChildrenJessica Pegula, Matthew Pegula, Kelly Pegula, Laura Pegula, Michael Pegula
ParentsMyron "Rip" Pegula, Eloise Pegula
Twitterhttp://www.twitter.com/pegulase
Wikipediahttps://en.wikipedia.org/wiki?curid=30737031
Source
Wikipedia
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