Myron “Rip” Pegula is known to be the famous father of American billionaire Terry Pegula who deals in the development of natural gas, real estate, the entertainment business, and professional sports. Pegula was married to his wife Eloise Pegula who supported him.
When their kid was growing up in Carbondale, Pennsylvania 50 years ago, Eloise and Myron “Rip” Pegula were unable to spare any money (pop. 8,100). To help put food on the table, Eloise obtained jobs in the clothing industry.
According to the legend, Rip once jumped out of a window of a second-story schoolhouse, went to work in the coal mines, and never looked back.
Terry and his wife Kim Pegula are the owners of Pegula Sports and Entertainment, which also owns the National Hockey League’s Buffalo Sabres and the National Football League’s Buffalo Bills.
According to Forbes, Terrance Michael Pegula, better known by his stage name Terry Pegula, is ranked 188 on the Forbes 400 list of billionaires. He runs a wildly successful corporation in a variety of industries, making him one of the richest men in America.
The Buffalo Bills, Buffalo Sabres, JKLM Energy, and many other sports franchises are owned by an American billionaire.