BUFFALO, N.Y. (WIVB) - Interested in learning more about Terry Pegula?
News 4 has compiled a list of information reported about the billionaire.
- 60-year-old Terry Pegula built his $3 billion fortune through East Resources, a natural gas and oil company he sold for $4.7 billion last year.
- He donated $88 million to Penn State . It paid for a new ice arena and to start Division I men's and women's hockey programs. This is the largest private gift ever given to his alma mater.
- Pegula was born and raised in Carbondale, Pa., a mining town northeast of Scranton. His family was poor. He hitchhiked to his all boy's prep school and worked at a strip mine as a teenager.
- He was originally a math major at Penn State but switched to petroleum engineering for a scholarship
- Forbes ranks Pegula as the 110th wealthiest person in the United States.
- He is buying the Sabres from Tom Golisano for $189 million
- He now lives in Boca Raton, Florida along with his wife, Kim.
- They lived in Orchard Park for several years. They also once lived in Olean.
- Kim is from Fairport and went to Houghton College
- They are longtime Sabres fans and have been season ticket holders.
- He has five children. His two teenage daughters, Jessie and Kelly , have actively engaged with Sabres fans on Twitter and hockey blogs
- He told News 4 Sports Director John Murphy, " We're gonna win the Stanley Cup. Then we're gonna win it again."
- Pegula owns Black River Music, a Nashville company where Kim is an executive.
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