Terrence Pegula
Natural gas · Boca Raton, Florida
Net worth
$11.8B
Today
−$141K−0.00%Past month
+$12M+0.10%As of Nov 11, 2026, 1:50 PM EST
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.
Net worth over time
Principal holdings
3 positions| Company | Industry | Share | Value |
|---|---|---|---|
Private and other holdings | Energy | 98.9% | $11.6B |
Abacus Global Management, NYSE: ABX | Energy | 0.9% | $111M |
RAND NASDAQ: RAND | Energy | 0.2% | $19M |
Also known for
- 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.