Terry Pegula Net Worth (Updated 2026).

Terry Pegula, a name that has become synonymous with sports ownership, began his professional journey in the humble world of natural gas. Born and raised in Pennsylvania, Pegula started his career as a gas pipeline laborer, working his way up through the ranks to eventually become the president of East Resources, a company he co-founded. His keen business acumen and strategic investments in the energy sector led to significant growth and success, making him a prominent figure in the industry.

Pegula’s fame, however, transcended the business world when he turned his attention to sports. In 2011, he purchased the Buffalo Sabres, an NHL team, marking his entry into the world of professional sports ownership. His passion for hockey, fueled by his childhood in Western New York, was evident in his commitment to the team. He also became a majority owner of the Buffalo Bills, an NFL team, in 2014, further cementing his status as a significant player in the sports industry.

**Terry Pegula’s Current Net Worth (2025)**

As of 2025, Terry Pegula’s current net worth is estimated to be around $6.5 billion, according to Forbes and Bloomberg Billionaires Index. This significant wealth is primarily attributed to his successful business ventures in the energy sector and his ownership of professional sports teams.

**Terry Pegula’s Career**

Terry Pegula, born in 1951, is a self-made billionaire who started his career in the energy industry. He co-founded East Resources, an oil and gas exploration company, in 1983. Under his leadership, the company grew to become one of the largest privately-held exploration and production companies in the United States before its sale to Royal Dutch Shell in 2010.

**Other Ventures**

In addition to his energy business, Pegula has ventured into the sports industry. He and his wife Kim purchased the Buffalo Sabres, an NHL team, in 2011. In 2014, they also bought the Buffalo Bills, an NFL team, becoming the first couple to own both an NFL and NHL team. Pegula has been actively involved in the development of the Bills’ new stadium, Highmark Stadium.

**Assets**

Pegula’s assets include significant real estate holdings, primarily in the form of commercial and residential properties in Pennsylvania and New York. His sports teams, the Buffalo Sabres and Buffalo Bills, are also considerable assets. Additionally, he owns a minority stake in the Philadelphia 76ers and the New Jersey Devils.

**Annual Income**

While Pegula’s exact annual income is not publicly disclosed, his wealth has grown significantly over the years. His primary sources of income include dividends from his energy investments, earnings from his sports teams, and returns from his real estate portfolio. Given his net worth, his annual income is likely substantial, with a significant portion going towards philanthropic efforts through the Pegula Foundation.

Frequently Asked Questions about  Terry Pegula

Frequently Asked Questions: Terry Pegula Net Worth

1. What is Terry Pegula’s net worth?

Terry Pegula’s net worth is estimated to be around $5.5 billion.

2. How did Terry Pegula make his fortune?

Terry Pegula made his fortune through the sale of his natural gas drilling company, East Resources, to Royal Dutch Shell in 2010. He also has significant investments in real estate and sports teams.

3. What sports teams does Terry Pegula own?

Terry Pegula owns the Buffalo Bills (NFL) and the Buffalo Sabres (NHL).

4. How much did Terry Pegula pay for the Buffalo Bills?

Terry Pegula purchased the Buffalo Bills for $1.4 billion in 2014.

5. What is the net worth of the Buffalo Bills?

The Buffalo Bills are valued at over $2 billion, according to Forbes.

6. How much did Terry Pegula pay for the Buffalo Sabres?

Terry Pegula bought the Buffalo Sabres for $189 million in 2011.

7. What is the net worth of the Buffalo Sabres?

The Buffalo Sabres are valued at over $400 million, according to Forbes.

8. What is Terry Pegula’s involvement in philanthropy?

Terry Pegula and his wife Kim have established the Pegula Foundation, which focuses on supporting medical research, education, and community initiatives in Western New York.

9. How much has Terry Pegula donated to charity?

Terry Pegula and his wife Kim have donated tens of millions of dollars to various charitable causes, including over $16 million to their alma mater, Penn State University.

10. What is Terry Pegula’s political affiliation?

Terry Pegula is a registered Republican.