Terrence Pegula

Terrence Michael Pegula is an American multi-billionaire who holds business interests in natural gas development, real estate, entertainment and professional sports.

• Terry Pegula made a fortune in fracking and has since turned it into a sports empire that includes the Buffalo Bills and Buffalo Sabres.
• His oil and gas outfit, East Resources, sold the bulk of its assets to Royal Dutch Shell for $4.7 billion in 2010.
• He bought the Sabres the next year for $189 million and in 2014 outbid groups led by Donald Trump and Bon Jovi to pick up the Bills for $1.4 billion.
• A former math major, Pegula switched to petroleum engineering on a scholarship and joined Getty Oil after graduation.
• He founded East Resources in 1983 with a $7,500 loan from friends and family to drill sand wells, and still has oil and gas interests in three states.