Kim Pegula Net Worth 2023, Age, Height, Salary, Career

kim pegula net worth

Kim Pegula officially known as Kim S. Pegula Kerr is an American businesswoman. She is one of the principal owners of the Buffalo Bills of the National Football League (NFL).

She is also the president of Pegula Sports and Entertainment, the holding company that manages the Bills as well as the Buffalo Sabres of the National Hockey League; the Buffalo Bandits and Rochester Knighthawks of the National Lacrosse League; and the Rochester Americans of the American Hockey League.

The company also manages the LECOM Harborcenter and Black River Entertainment, an independent record label based in Nashville. By extension, she is the president of several teams under Pegula Sports and Entertainment, including the Bills and Sabres. Pegula, Shahid Khan, and Zygi Wilf are the only three NFL team owners who were not born in the United States.

Kim Pegula age

She is 53 years old. She was born on 7 June 1969.

Kim Pegula height

She stands 1.68m.

Kim Pegula weight

She weighs 83 kg.

Kim Pegula Biography

Kim Pegula was born in Seoul, South Korea. She has no recollection of her birth name, no record of her biological parents nor any account of her life in South Korea, only her date of birth, a secondhand account of being abandoned in the streets of Seoul at the age of five, and a DNA test that showed that one of her parents was likely Japanese.

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Pegula was brought to the United States and was adopted by Ralph and Marilyn Kerr on December 30, 1974. She grew up with her adopted family in Fairport, New York, a suburb of Rochester. Pegula participated in cheerleading and the school band, playing bassoon. After following her brothers’ footsteps in enrolling at Houghton College, she and a roommate made plans to venture to Alaska to work near a fishing camp upon hearing there was money to be made.

Unable to afford the fare, she applied for work at a restaurant in Belfast, New York; while interviewing for a waitressing gig, she met Terry Pegula who was dining at the restaurant. In 1991, Terry offered her a job at his natural gas company and they eventually entered a relationship; they married in 1993.

Pegula was involved in her husband’s company, East Resources, from 1991 to its sale in 2010. Shortly afterward, 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. Following the acquisition, Kim and Terry Pegula reorganized their sports franchises, along with record label Black River Entertainment into a new company, Pegula Sports and Entertainment. She helped coin the term “One Buffalo” and is also involved with the NFL Foundation.

Kim Pegula and her husband also donated significant amounts of money to their alma maters, including $12 million to Houghton College, which allowed it to build a new athletics complex and transition to NCAA Division III. A fan of desserts, Pegula helped formulate “One Buffalo” branded premium ice cream and cupcake products. Since its formation Pegula Sports and Entertainment, with Kim Pegula as its president and CEO, has made several acquisitions of property in Buffalo and launched a regional sports network, MSG Western New York. The company also acquired two more professional sports teams, the Buffalo Beauts of the National Women’s Hockey League (until divesting of the team a year later) and the Rochester Knighthawks of the National Lacrosse League.

In March 2018, Pegula was named to the National Football League’s business ventures committee, replacing Russ Brandon. Pegula is on the NFL’s Super Bowl and major-event advisory committee. 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 of the Pegula Sports and Entertainment properties.

Kim Pegula 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 an estimated net worth of $100 million. Her salary per month and other career earnings are over $10 million annually.

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