Terry Pegula
American businessman and sports team owner (born 1951)
Terry Pegula
Terrence Michael Pegula (born March 27, 1951) is an American billionaire businessman, sports team owner, and petroleum engineer. He first developed his wealth by creating the company East Resources, which pioneered fracking in the Marcellus Formation. The majority of his wealth comes from sales of parts of the business to Royal Dutch Shell and American Energy Partners, LP. Pegula mantains interests in natural gas development, real estate, entertainment, and professional sports. His net worth is over US$7 billion. He is most well known as the owner of the Buffalo Sabres of the National Hockey League (NHL) and, with a consortium of private equity firms and athletes, the Buffalo Bills of the National Football League (NFL). He is also the president of both franchises, alongside several smaller regional teams. He has also donated significant money to the sports programs at Pennsylvania State University and Houghton College. Other public donation records include political campaigns in Pennsylvania...
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