Who are Jessica Pegula’s billionaire parents Terry and Kim?

Who are Jessica Pegula’s billionaire parents Terry and Kim?

The 2025 US Open is shaping up to be a pivotal moment in Jessica Pegula's already impressive tennis career. With her sights firmly set on clinching her maiden Grand Slam title, all eyes are on this New York native as she navigates the intense competition and pressure of her home tournament.

Pegula's journey to the top hasn't been overnight. Last year's US Open saw her reach the final, a testament to her dedication and skill. This year, she's once again proving her mettle, progressing deep into the tournament and demonstrating the consistency that has become a hallmark of her game.

Behind every successful athlete is a support system, and for Jessica Pegula, that foundation is built upon the unwavering support of her parents, Terry and Kim Pegula. Their influence extends far beyond the tennis court, shaping not only her career but also her character.

Jessica Pegula's rise to prominence has earned her the somewhat tongue-in-cheek moniker "the richest tennis player in the world," a nod to the considerable wealth of her parents. However, this label often overshadows the hard work, dedication, and talent that have propelled her to the top of the sport.

Currently ranked No. 4 in the world heading into the 2025 US Open, Pegula is a force to be reckoned with. Her consistent performance on the court, coupled with her mental fortitude, makes her a formidable opponent for anyone she faces.

Pegula's achievements aren't limited to singles play. She's also a former world No. 1 in doubles, showcasing her versatility and ability to excel in different facets of the game. This dual success speaks volumes about her commitment to continuous improvement.

Beyond the US Open, Pegula has consistently reached the quarter-finals at all the other major tournaments – the Australian Open, French Open, and Wimbledon. This demonstrates her ability to compete at the highest level on all surfaces and across diverse playing conditions.

NASHVILLE, TN - OCTOBER 10:  Terry Pegula and Kim Pegula celebrate with Black River Entertainment, Pegula Sports & Entertainment, and The Buffalo Bills at Black River Studios on October 10, 2015 in Nashville, Tennessee.  (Photo by Rick Diamond/Getty Images For black River)

Away from the demanding world of professional tennis, Pegula has channeled her entrepreneurial spirit into a successful skincare company called Ready24. This venture reflects her multifaceted personality and her desire to explore interests beyond the court.

In 2021, Pegula embarked on another significant chapter in her life, marrying Taylor Gahagen. Gahagen, a former corporate executive for Pegula Sports and Entertainment, shares a unique understanding of the demands and challenges that come with being involved in the world of professional sports.

Terry Pegula, Jessica's father, is a prominent figure in the world of sports ownership. He is the owner of the NFL team, the Buffalo Bills, a role that places him at the forefront of one of America's most beloved sports leagues.

The acquisition of the Buffalo Bills in 2014 was a landmark moment for Terry Pegula. He triumphed over rival bids, including one from Donald Trump and another from a consortium led by Bon Jovi, securing the team for a reported $1.2 billion.

Terry Pegula's path to becoming a sports mogul began with his success in the energy sector. He made his fortune as a petroleum engineer with East Resources, a natural gas producer he founded in 1983. In 2010, he sold the company for a staggering $4.7 billion, providing the financial foundation for his future ventures.

Born in Pennsylvania in 1951, Terry Pegula pursued his passion for engineering at Penn State University, where he earned a Bachelor of Science degree in petroleum and natural gas engineering. This academic background provided him with the technical expertise to build his successful energy business.

The story of Terry and Kim Pegula's relationship is a testament to the unexpected ways in which life can unfold. They met while Kim was working as a waitress at a restaurant, a chance encounter that would eventually lead to a lifelong partnership.

Jessica Pegula returning a tennis ball.

Recognizing Kim's potential and business acumen, Terry offered her a job at his natural gas company in 1991. Their professional relationship blossomed, and in 1993, they solidified their bond by getting married.

As of 2025, Terry Pegula's estimated net worth exceeds $9.3 billion, solidifying his status as one of the wealthiest individuals in the world. This financial success has enabled him to pursue his passions and make significant investments in the sports and entertainment industries.

At his peak, Terry Pegula was ranked as the 255th richest person in the world, a testament to his remarkable business acumen and entrepreneurial spirit. His journey from petroleum engineer to sports mogul is an inspiring example of what can be achieved through hard work and determination.

Kim Pegula, Terry's wife, is not merely a silent partner. She is the co-owner, president, and CEO of Pegula Sports and Entertainment, playing a crucial role in the management and operation of the family's vast portfolio of sports and entertainment assets.

Kim Pegula's personal story is one of resilience and transformation. She was born in South Korea and adopted by an American family at the age of five, a journey that has shaped her perspective and instilled in her a deep appreciation for the opportunities she has been given.

In a deeply personal essay in February 2023, Jessica Pegula shared the harrowing details of her mother's health crisis. Kim Pegula suffered a cardiac arrest and was saved by CPR administered by her other daughter, Kelly, highlighting the importance of knowing life-saving techniques.

In her essay, Jessica detailed her mother's struggles with "significant expressive aphasia and memory issues," revealing that the cardiac arrest led to a "brain injury." This candid account shed light on the challenges faced by families dealing with neurological conditions.

The severity of Kim Pegula's illness led to the shutdown of Pegula Sports and Entertainment, underscoring the profound impact that personal health challenges can have on even the most successful organizations.

Kim and Terry Pegula have three children together: Jessica, Kelly, and Matthew. Terry also has two children, Michael and Laura, from his first marriage to Anne Shirley, who were reportedly childhood sweethearts, although the exact date of their wedding remains unknown.