All you need to know about Kim Pegula

May 2024 · 3 minute read

Kim Pegula is an entrepreneur with an estimated net worth of $8 billion. That is her joint net worth with her long-term husband, Terry Pegula.

Who is Kim Pegula?

Kim Pegula was born in Seoul, South Korea on June 7, 1969. She claims no direct recollection of her original name and no trace of her biological parents, who allegedly abandoned her on the streets of Seoul when she was five years old. Pegula was brought to the United States at the end of 1974 and adopted by Marilyn and Ralph Kerr.

She grew up in Fairport, New York, and was a member of her high school band and cheering squad as a teenager. Pegula received her higher education at Houghton College, a private Christian liberal arts college in the namesake New York town.

Pegula was the president and CEO of the now-defunct Pegula Sports and Entertainment, a holding company that owned and operated multiple sports teams and entertainment properties, most of which were located in Western New York. Its interests included the Buffalo Bills of the NFL and the Buffalo Sabres of the NHL, as well as the mixed-use development of LECOM Harborcenter.

Pegula Sports and Entertainment was dissolved in the summer of 2023. The Pegulas continue to own both the Buffalo Sabres and the Buffalo Bills. Kim Pegula is one of just three NFL team owners born outside the United States, and she is one of only a few female NFL owners.

How old is Kim Pegula?

She is currently 54 years old.

What is Kim Pegula’s net worth?

She is estimated to be worth $8 Billion.

What is Kim Pegula’s career?

Pegula met businessman and petroleum engineer Terry while interviewing for a waitressing position at a restaurant in Belfast, New York, in the early 1990s. He eventually offered her a job at East Resources, his oil and gas exploration and production company, and the couple married in 1993.

Pegula worked with East Resources until its sale in 2010. Soon after, the Pegulas purchased the NHL team, the Buffalo Sabres, as well as its two affiliates, the NLL’s Buffalo Bandits and the AHL’s Rochester Americans. They later established the holding firm Pegula Sports and Entertainment, with Kim as president and CEO.

The Pegulas purchased the NFL’s Buffalo Bills in 2014, outbidding the competition with an NFL-record $1.4 billion all-cash deal.

Pegula Sports and Entertainment went on to make a number of other acquisitions throughout the years. In 2017, the corporation acquired the Buffalo Beauts of the National Women’s Hockey League, and in 2018, it acquired the Rochester Knighthawks of the National Lacrosse League.

Pegula Sports and Entertainment managed the independent country music label Black River Entertainment as one of its media properties. It also owned the regional sports network MSG Western New York, which broadcasts sports coverage in the Western New York region.

Pegula Sports and Entertainment owned and maintained LECOM Harborcenter in Buffalo, a hockey-themed mixed-use development with retail stores, restaurants, a hotel, and two hockey rinks. The firm took over management of the AHL Americans’ Blue Cross Arena in Rochester in 2018.

Later, in 2022, it was revealed that the Pegulas would contribute to a new 62,000-seat stadium in Orchard Park owned by the state of New York. Pegula Sports and Entertainment also operated Terra Mare, a restaurant in Fort Lauderdale, Florida, and IMPACT Performance Cycle & Yoga, an athletic training center in Boca Raton.

Pegula Sports and Entertainment was dissolved in the summer of 2023. Both the Buffalo Sabres and the Buffalo Bills were still owned by the Pegulas.

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