Who Is Kelly Pegula's Husband
Kelly Pegula's husband is Terry Pegula, a U.S. billionaire businessman and the founder, chairman, and CEO of East Resources, a private energy company focused on natural gas. He is also the controlling owner of the Buffalo Bills of the National Football League and the Buffalo Sabres of the National Hockey League. The couple married in 1974 and have three children, with the Pegula family ranked among the wealthiest in the United States. Terry Pegula's personal wealth is largely tied to his energy ventures and sports franchises, which are managed through a family office structure. Learn more about his career background from his Forbes profile here.
Terry Pegula's net worth is estimated in the billions, driven primarily by his stake in East Resources and the value of his professional sports teams. The Buffalo Bills were purchased by the Pegula family in 2014 for a reported $1.4 billion, while the Buffalo Sabres were acquired in 2011. The family's sports portfolio also includes the Rochester Americans and several youth sports facilities. Forbes and other financial outlets regularly track the Pegula family's wealth as part of broader coverage of NFL and NHL ownership. The family's combined holdings span energy, real estate, and sports, with key operations managed through private entities.
Terry Pegula's Business and Energy Background
Terry Pegula founded East Resources, a natural gas exploration and production company, which became one of the largest privately held energy firms in the United States. In 2010, he sold a major stake in East Resources to Royal Dutch Shell for a reported $4.7 billion, significantly increasing his personal wealth. The sale was part of a broader trend of private equity exits in the U.S. shale sector, and the transaction was reviewed by regulators for antitrust compliance. After the sale, the Pegula family redirected capital into sports, real estate, and new energy investments. For details on the Shell acquisition, see the company's official announcement here.
Beyond East Resources, Terry Pegula has maintained a low public profile regarding new business ventures, though the Pegula family office continues to invest in commercial real estate and sports infrastructure. The family's sports entities operate under Pegula Sports and Entertainment, which manages the Buffalo Bills, Buffalo Sabres, and related assets. The organization's revenue streams include ticket sales, broadcasting rights, sponsorships, and venue operations across Western New York. The Pegulas also own Highmark Stadium and KeyBank Center, which serve as primary venues for the Bills and Sabres respectively. The family's investment strategy emphasizes long-term asset retention and community-focused development.
Sports Ownership and Public Profile
The Pegula family's ownership of the Buffalo Bills marked a significant shift in the franchise's history, ending Ralph Wilson's decades-long tenure as sole owner. The NFL approved the sale in 2014, and the team has since remained under the Pegulas' control with Terry Pegula serving as the principal owner. The Buffalo Sabres, which the Pegulas acquired in 2011, have undergone roster and facility upgrades under the family's ownership. The Pegulas also invested in the renovation of KeyBank Center and the development of adjacent mixed-use properties. The NFL and NHL both recognize the Pegulas as key stakeholders in their respective league structures.
Terry Pegula's public appearances are rare, and the Pegula family generally avoids extensive media engagement compared to other high-profile sports owners. The family's philanthropy includes major donations to education, healthcare, and youth sports programs in the Buffalo region, often channeled through the Pegula Sports and Entertainment foundation. The couple's