⬅ # 436 Leo Koguan|# 438 Nathan Kirsh

# 437 Terry Pegula 

$6.67B

Real Time Net Worth
as of 4/23/2024
$1.7M (0.03%)

# 437 Terry Pegula 

$6.67B

Real Time Net Worth
as of 4/23/2024
$1.7M (0.03%)
OccupationFounder, East Resources; Owner, Buffalo Sabres
Source of WealthNatural Gas
Age73
ResidenceBoca Raton, Florida
Marital StatusMarried
Children5
EducationBS in Engineering, Pennsylvania State University
Age-Adjusted Net Worth$2.77B
Terry Pegula
Terry Pegula
United States
Net worth: $6.67B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Terrence Michael Pegula was born on March 27, 1951 in Carbondale, Pennsylvania
Father worked in truck driving and coal mining; Mother is from Montreal, Quebec, Canada
Earned a B.S. degree in petroleum and natural gas engineering from Penn State University

Career Overview

Founded East Resources in 1983 with a $7,500 loan from friends and family to drill sand wells
Worked for Getty Oil and Felmont Oil Co. before founding East Resources
Sold Pennsylvania, New York, and Rocky Mountain assets of East Resources to Royal Dutch Shell for $4.7 billion
Sold Ohio and West Virginia assets to American Energy Partners, LP for $1.75 billion in 2014
Owner of Greater Rocky Mountain Regional Oil & Gas and JKLM Energy
Owner of Buffalo Sabres (NHL) and Buffalo Bills (NFL)

Sports Empire

Purchased Buffalo Sabres in 2011 for $189 million
Outbid Donald Trump and Bon Jovi to buy Buffalo Bills in 2014 for $1.4 billion
Acquired Buffalo Beauts (NWHL) in 2017
Bought intellectual property of Rochester Knighthawks (NLL) in 2018
Repurchased Rochester Americans (AHL) in 2011
Initiated 'One Buffalo' marketing campaign across all sports teams

Real Estate and Other Investments

Won bid for development rights to Webster Block in Buffalo in 2012
Developed $170 million hockey-themed LECOM Harborcenter in Buffalo
Operates KeyBank Center and Blue Cross Arena
Owner of share in Black River Entertainment, an independent country music label
Founder of Impact Sports Performance training facilities
Established 'One Buffalo' branded craft beer and other related products

Philanthropy

Donated $102 million for construction of Pegula Ice Arena at Penn State University
Contributed $12 million to build Kerr-Pegula Athletic Complex at Houghton College
Supports Penn State's transition to NCAA Division I men's and women's hockey
Facilitated major conference realignment in men's college hockey landscape

Political Views

Identified as a Republican but does not publicly discuss specific political views
Made political donations to politicians of both parties, including Tom Corbett (Republican) and Andrew Cuomo (Democrat)
Expressed support for legalizing ridesharing companies in upstate New York

How long would it take you to become as rich as Terry Pegula?

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Terry Pegula's net worth of $6.67B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 34.07% compared to 5.08% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Terry Pegula is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Terry Pegula, Natural Gas is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey