- Jessica Pegula billionaire status always causes a stir
- She is the daughter of American billionaire Terry Pegula
- Terry is a Petroleum Engineer
Jessica Pegula billionaire status always causes a stir for many people who struggle to understand how the 28-year-old built such an empire.
We will get to that after understanding who she is. Pegula is a professional tennis player from the United States of America. She has had success on the WTA Tour and has won multiple doubles titles, including the US Open in 2020.
Pegula also reached a career-high singles ranking of No. 35 in the world in 2021. In addition to her professional career, Pegula is also the daughter of billionaire Terry Pegula, who owns the Buffalo Sabres of the National Hockey League and the Buffalo Bills of the National Football League.
IS JESSICA PEGULA A BILLIONAIRE?
As a professional tennis player, she likely earns a significant income from prize money and sponsorships. However, information about her personal finances is not publicly available, and it is unknown whether she inherited any wealth from her father, Terry Pegula, a billionaire.
A conjecture on Jessica Pegula billionaire debate has Forbes ranking her at 43 on the Forbes billionaires list. This makes her the richest tennis player in the world. Jessica is the most well-known of her five siblings and has been dubbed an heiress by the media. Her increased popularity in tennis and her father’s status helped net her more sponsors.
WHY IS PEGULA SO RICH?
Jessica is undoubtedly rich because she is the attractive daughter of Terry Pegula, the 434th richest person in the world. Terry amassed a $4 billion fortune through the production of natural gas.
The self-made businessman owns a number of sports clubs, including the NFL’s Buffalo Bills, which he acquired in 2014 by outbidding Bon Jovi and Donald Trump. Surprisingly, she is wealthier than Maria Sharapova, Serena Williams, and Roger Federer.
Surprisingly, she is wealthier than Maria Sharapova, Serena Williams, and Roger Federer – some of the most successful tennis players. Jessica could have easily given up playing the game in recent years.
She really thought about giving up before overcoming the odds with her runs Down Under and comeback on the WTA Tour while suffering from persistent hip and knee injuries.
Pegula advanced to the Miami semifinals after losing to the eventual champion Ash Barty in Melbourne, then faced Ons Jabeur in the Madrid final after defeating Bianca Andreescu along the way.
And you wouldn’t bet against her winning numerous other competitions after her victory at the 2019 Washington Open or surpassing her previous career-high world No. 13 ranking.
ARE PEGULAS PARENTS BILLIONAIRES?
Despite having an illustrious tennis career, Jessica Pegula billionaire label would never have been were it not for her parents. Her father, Terry and mother, Kim Pegula run Buffalo Bills football club and Buffalo Sabres ice hockey team.
Besides, the family is interested in various other sectors of the economy, such as the exploration of natural gas. Terry, bagged $4 billion a few years back from this sector, which made him one of the wealthiest men in the world.
The Pegula’s also run a successful real estate empire across the US. Before founding his own company, East Resources, in 1983, with a $6,000 loan from his family, Terry Pegula initially worked as a petroleum engineer for Getty Oil.
He started drilling for oil, then switched to natural gas, and later sold East Resources holdings to Royal Dutch Shell for an astounding $3.8 billion in 2010. American Energy Partners, LP purchased the remaining assets for $1.4 billion four years later.
At that point, Terry’s sports organisation, Pegula Sports and Entertainment had already started operating, Kim serving as CEO and president. Their most significant victory came in 2014 when they outbid former US President Donald Trump and music singer Bon Jovi for purchasing NFL titans.
IS TENNIS PLAYER PEGULA A BILLIONAIRE?
Jessica Pegula is an heiress billionaire courtesy of her parents Terry and Kim. Terry, a petroleum engineer by profession, is one of America’s most prosperous natural gas miners.
Her father’s prosperous empire gave her so much to her name beyond the Jessica Pegula narrative. She made history by being the first female athlete to sign a contract with Ready. Male sportsmen, including NFL player Aaron Donald and NBA player Giannis Antetokounmpo back this sports nutrition company.
Additionally, she runs a skincare business under the moniker Ready 24, which was chosen before the new contract. Such lucrative contracts give her a lot of money every year as she struggles to win a Grand Slam.
Nonetheless, she proved how ambitious she is after making tremendous progress in the 2022 season amid a series of injuries. Jessica is determined to establish her identity and stop being known as Terry Pegula’s daughter.