Terry Pegula, a businessman and the owner of the Buffalo Bills and Buffalo Sabres, has a net worth of $5.7 billion and is now ranked #188 on the Forbes 400 list.
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According to Forbes, Pegula’s fortune has increased by approximately $2 billion in the last two years. His net worth was $4.9 billion in October 2019.
Pegula, a Penn State alumnus, had early success after launching East Resources in 1983 with $7,500 in loans. In 2010, the oil and gas company sold the majority of its assets for $4.7 billion.
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In 2011, Pegula and his wife, Kim, ventured into the sports industry. They paid $189 million for the Buffalo Sabres and established Pegula Sports & Entertainment, which also operates the Black River Entertainment country music label.
The Pegulas also own the Buffalo Bandits, Rochester Americans, and the Buffalo Beauts for a brief period from 2017 to 2019.
How much did Terry Pegula buy the Buffalo Bills for?
Terry Pegula and his wife Kim Pegula paid $1.4 billion to buy the Buffalo Bills in 2014.
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