Kim and Terry Pegula are one of the richest couples in the U.S. The Pegulas’ chemistry as the Buffalo Bills’ owners has inspired many NFL fans since they acquired the team in 2014. In addition, the billionaire couple has gained attention for earning revenue from another sports team—the Buffalo Sabres, which they acquired in 2011.

Aside from earning from various sports leagues, the Pegulas also generate significant revenue through their oil and gas business. They are well-known for their investments in real estate and the entertainment industry. According to Forbes, the Buffalo Bills’ owners have a collective net worth of $8 billion as of now.

Is Terry Pegula a billionaire?

As per Forbes, American business tycoon Terry Pegula has recently become the 378th richest person in the world. His estimated net worth is $7.7 billion, solidifying his status. Fans are well aware of Terry’s diversified business skills. Not only has he accumulated billions in oil and gas, but his contribution to building a sports empire is also noteworthy.

Obviously, being a prominent businessman requires a lot of hard work and perseverance. But Terry has handled everything with an upbeat mentality. He started his business from the ground up, borrowing $7,500 from his parents. He used this money to buy land in the Marcellus Shale, a rocky deposit that spans from West Virginia to New York.

From there, Terry, a native of Carbondale, Pennsylvania, started his first gas and oil company, East Resources, in 1983. According to Forbes, Terry, 73, grew his company until 2010, when he sold the majority of its assets to Royal Dutch Shell (now Shell plc) for $4.7 billion.

Clearly, mastermind businessman Terry was busy building his empire. Interestingly, his wife, Kim Pegula, was always there to support him. Kim had previously served as the president and CEO of Pegula Sports and Entertainment, overseeing various sports teams and assets in Western New York.

With her astute business acumen, Kim, who was born in South Korea, is equally credited for helping take the family business to the next level, adding billions to their fortune.

How much is the Pegula family worth?

Reportedly, after selling his East Resources assets, the couple decided to try their luck in sports. With mutual support, they purchased the Buffalo Sabres NHL team for $189 million in 2011. Three years later, Terry and Kim acquired the NFL team Buffalo Bills. In 2014, the couple outbid parties led by Donald Trump and Bon Jovi to buy the Bills for $1.4 billion.

At that time Buffalo’s owner, Terry Pegula demonstrated his winning mentality toward the team. “Owning any professional team is about winning and the primary goal of our ownership will be to win the Super Bowl and bring championships to the city of Buffalo,” he stated.

Besides that, the couple has purchased the lacrosse teams, the Buffalo Bandits and the Rochester Knighthawks. They also own the ice hockey team, the Rochester Americans. In August 2023, Terry Pegula dissolved Pegula Sports and Entertainment and appointed himself president of the Bills and Sabres. At that time, he expressed gratitude to everyone who had contributed to PSE over the years.

Apart from that, he drew the attention of many to focus on the Bills and Sabres.“We feel that now is the right time to dissolve PSE and allow everyone to focus solely on their respective organization,” he added.

With their investments across multiple industries, the Pegula family has become one of the top 20 NFL owners. Kim and Terry have a combined estimated net worth of $8 billion, while their tennis star daughter, Jessica Pegula, is also a millionaire.

According to Forbes, Jessica’s estimated net worth is around $13 million. It is clear that athletics runs in the Pegula family, and they are all invested in making money through sports, no matter the sport. Unfortunately, Kim and Terry Pegula have yet to win any Super Bowl trophies during their ownership.