$6 Billion | Rank #438
Who is Terrence Pegula
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, and still has oil and gas interests in four states. Coming from an average or middle class family, Terrence Pegula is one those great persons who have stormed their way to the billionaires list on their own. And currently ranks at 438 on billionaires list making him one of the wealthiest ever persons on the planet. He is currently 71.0 years old. As of today, Terrence Pegula’s net worth is approximately 6 Billion.
Facts about Terrence Pegula
| Net Worth: | 6 Billion |
| Billionaire Rank: | 438 |
| Age: | 71.0 |
| Date of Birth: | 27-03-51 |
| Gender: | Male |
| Currently Living in: | Boca Raton, Florida, United States |
| Birth Place: | United States |
| Source of Wealth: | natural gas |
| Job | Owner at Buffalo Sabres |
To find out what is Terrence Pegula Net Worth, how he got there and what is Terrence Pegula Salary Per Day, Career, Biography and Childhood details, continue reading below.
Background of Terrence Pegula
Terrence Pegula was born on 27-03-51 in United States. A Penn State alumnus, Pegula donated $102 million to the university to fund a new arena and launch a NCAA Division I hockey program. His daughter, Jessica Pegula, is a professional tennis player. Being raised in the same country, Terrence Pegula spent most of his time in Florida in the city of Boca Raton.
Terrence Pegula net worth is estimated at 6 Billion Billion to date.
Professional Journey
Terrence Pegula is currently working as Owner at the world famous Buffalo Sabres. You will see him often in social media. 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. There was a time when he would have embraced the change that was coming. He is one of the persons who are always trending in news. A Penn State alumnus, Pegula donated $102 million to the university to fund a new arena and launch a NCAA Division I hockey program. In his youth, he was adventurous but unknown, but that was years ago. 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, and still has oil and gas interests in four states. He learnt to find the excitement that came with change. That curiosity had long left him to where he had come to loathe anything that put him out of his comfort zone. 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.
It is to be noted that Terrence Pegula is one of the selfmade billionaires in the world and stands at 438 in most wealthy persons in the world.
FAQs
Here are a few most frequently asked questions about Terrence Pegula:
How much is Terrence Pegula worth?
Terrence Pegula’s net worth is estimated to be 6 Billion.
How old is Terrence Pegula?
Terrence Pegula was born on 27-03-51, and is currently 71.0 years old.
What is Terrence Pegula source of income?
Terrence Pegula acquires most part of his wealth from natural gas.
Concluding Terrence Pegula Net Worth
Currently with a net worth of 6 Billion, Terrence Pegula stands at 438 in the world billionaires list. And draws most of his wealth from natural gas. Hope you like this information about Terrence Pegula. If you like this, then please share it with your friends. This above post is all about the estimated worth of Terrence Pegula. Do you have any queries? Feel free to ask via comment section.
Disclaimer: Please keep in mind that this is an estimated net worth of Terrence Pegula. Actual worth may vary a little. You can always get information by checking out Leaktown.com.
