Who Is Kim Pegula
Kim Pegula is an American business executive and co-founder of Pegula Sports and Entertainment. She serves as president of the company, which owns the Buffalo Bills, Buffalo Sabres, and Rochester Americans. Her husband, Terry Pegula, is the controlling owner of these franchises. Together, they manage a portfolio spanning professional sports, real estate, and energy. Forbes lists the Pegulas among the wealthiest sports owners in the United States.
Kim Pegula was born in South Korea and was adopted as an infant. She graduated from Houghton College in New York with a degree in business administration. She met Terry Pegula while working in the energy sector. The couple married in 1993 and later co-founded East Resources, a natural gas company. They sold East Resources in 2010 for approximately $4.7 billion, which funded their later acquisitions in sports and real estate.
Kim Pegula Net Worth and Business Holdings
Kim Pegula net worth is estimated at around 6 billion dollars as of the latest public filings. The bulk of the couple's wealth comes from the sale of East Resources and their subsequent investments. The Pegulas purchased the Buffalo Bills in 2014 for a reported 1.4 billion dollars. They also acquired the Buffalo Sabres in 2011 and the Rochester Americans in 2011. The Pegula Sports and Entertainment group controls these teams and manages their venues.
The Pegulas also own a significant real estate portfolio through Pegula Properties. This includes commercial and residential developments in Western New York. Kim Pegula oversees the operational side of the sports properties, focusing on fan experience and team management. The organization has invested heavily in stadium upgrades and community initiatives. SEC filings related to the Bills franchise provide details on the structure of their holding companies.
Kim Pegula Role in Buffalo Bills and Sabres
Kim Pegula holds the title of president for Pegula Sports and Entertainment. In this role, she manages the daily operations of the Buffalo Bills and Buffalo Sabres. She works alongside the general managers and coaching staffs of both teams. Her responsibilities include overseeing business operations, marketing, and community relations for the franchises.
The Buffalo Bills are a member of the National Football League and compete in the AFC East division. The Buffalo Sabres are a member of the National Hockey League and compete in the Atlantic Division. The Pegulas are the first owners to have held both an NFL and NHL team in the Buffalo market. NFL and NHL official sites list the Pegulas as the controlling owners of these franchises.