Kim Pegula Net Worth: How did Kim Pegula Make Her Money?
Kim S. Pegula was born on June 7, 1969, and is an American entrepreneur who co-owns the Buffalo Bills of the National Football League with her husband Terry Pegula.
She is also the president of Pegula Sports and Entertainment, the holding company that oversees the Bills, as well as the National Hockey League’s Buffalo Sabres, the National Lacrosse League’s Buffalo Bandits, and Rochester Knighthawks, and the American Hockey League’s Rochester Americans.
The corporation also oversees the LECOM Harborcenter and Black River Entertainment, a Nashville-based indie song label. She is also the president of many teams owned by Pegula Sports and Entertainment, including the Buffalo Bills and the Buffalo Sabres. Pegula, Shahid Khan, and Zygi Wilf are the only three NFL team owners who were not born in the United States.
Pegula was involved in her husband’s company, East Resources, from 1991 to its sale in 2010. Shortly afterwards the Pegulas purchased the Buffalo Sabres and its two affiliated teams, the Buffalo Bandits of the NLL and the Rochester Americans of the AHL.
She influenced the planning and construction of LECOM Harborcenter, a mixed-use development next to the Sabres’ arena and part of the revitalization of downtown Buffalo. After the death of longtime Buffalo Bills owner Ralph Wilson, the football team was put up for sale.
The Pegulas competed with real-estate mogul (and future U.S. president) Donald Trump and also a consortium of rock singer Jon Bon Jovi and key people in Toronto-based Maple Leaf Sports and Entertainment for the team. The Pegulas won with an NFL record $1.4 billion all-cash bid.
On May 1, 2018, after the abrupt resignation of Brandon as president of Pegula Sports and Entertainment as well as the Bills and Sabres, Pegula was installed as president over all the Pegula Sports and Entertainment properties.
She became the first female team president in the history of both the NFL and NHL when she became president of the Bills and Sabres franchises. Pegula is also one of a handful of female NFL owners, including Sheila Ford Hamp (Detroit Lions), Virginia Halas McCaskey (Chicago Bears), Amy Adams Strunk (Tennessee Titans), Carol Davis (Las Vegas Raiders), Denise DeBartolo York (San Francisco 49ers), Gayle Benson (New Orleans Saints), Janice McNair (Houston Texans), Jody Allen (Seattle Seahawks) and Dee Haslam (Cleveland Browns).
Kim Pegula Net Worth
Kim Pegula has a net worth of $100 million.