BillnutinHouston Posted February 7, 2015 Share Posted February 7, 2015 Link Link to comment Share on other sites More sharing options...
aristocrat Posted February 7, 2015 Share Posted February 7, 2015 So he sold his company for 4.7 Billion in 2010...his net worth was still the same this past year then he sells that land last summer for 1.75 billion but that does't change his net worth? I'm no math major but it seems to me it should be closer to 6.5 billion. Also, are we to assume that before he sold his company he never made money or invested it? Also, after he sold his company are we to assume he didn't invest the money in a very bullish stock market? Tpegs is very private and we will never know what he has. I'd wager that he has at least double what they're listing him at. Link to comment Share on other sites More sharing options...
Best Player Available Posted February 7, 2015 Share Posted February 7, 2015 Old news. Link to comment Share on other sites More sharing options...
Malazan Posted February 7, 2015 Share Posted February 7, 2015 This was covered when he bought the team Link to comment Share on other sites More sharing options...
KDIGGZ Posted February 7, 2015 Share Posted February 7, 2015 he could give me a million dollars and not even know it was gone. my birthday is coming up... Link to comment Share on other sites More sharing options...
Buffalo_Stampede Posted February 7, 2015 Share Posted February 7, 2015 He is worth much more also. Closer to $8 billion. He has more land to sell. Link to comment Share on other sites More sharing options...
Tintonfallsbillsfan Posted February 7, 2015 Share Posted February 7, 2015 you know , he sold that company at the perfect time. Link to comment Share on other sites More sharing options...
Kirby Jackson Posted February 7, 2015 Share Posted February 7, 2015 He is worth much more also. Closer to $8 billion. He has more land to sell.That is closer to the number that I have heard. The best thing about Pegula is his liquidity. His wealth will never erode overnight like what happened to Vince McMahon. Link to comment Share on other sites More sharing options...
BillsPride12 Posted February 7, 2015 Share Posted February 7, 2015 That is closer to the number that I have heard. The best thing about Pegula is his liquidity. His wealth will never erode overnight like what happened to Vince McMahon. What happened to Vince McMahon? Link to comment Share on other sites More sharing options...
Kirby Jackson Posted February 7, 2015 Share Posted February 7, 2015 What happened to Vince McMahon? http://whatculture.com/wwe/10-reasons-wwe-owner-vince-mcmahon-just-lost-842-million.php Some of those guys have so much wealth in stock options and such that it can come and go quickly. Pegula doesn't have that risk (at least not at the level of many). His wealth is in cash now. Link to comment Share on other sites More sharing options...
BuffalothruMyVeins Posted February 7, 2015 Share Posted February 7, 2015 The land was probably already valued at approximately what it sold for, so that wouldn't have changed whether it was sold, or not. Owning an area of land that's worth $1.75 billion, or selling it and having $1.75 billion in hand is the same thing, as far as what your net worth is. Link to comment Share on other sites More sharing options...
Nick the Greek Posted February 7, 2015 Share Posted February 7, 2015 you know , he sold that company at the perfect time. Gas prices will rise again. I guarantee that. Link to comment Share on other sites More sharing options...
Deranged Rhino Posted February 7, 2015 Share Posted February 7, 2015 My favorite part is where they crap on the Jests with a typo. Woody only is worth 3.5 million. Link to comment Share on other sites More sharing options...
chris heff Posted February 7, 2015 Share Posted February 7, 2015 he could give me a million dollars and not even know it was gone. my birthday is coming up... Or he could give Marrone $4mil to just go away. Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted February 7, 2015 Share Posted February 7, 2015 So he sold his company for 4.7 Billion in 2010...his net worth was still the same this past year then he sells that land last summer for 1.75 billion but that does't change his net worth? I'm no math major but it seems to me it should be closer to 6.5 billion. Also, are we to assume that before he sold his company he never made money or invested it? Also, after he sold his company are we to assume he didn't invest the money in a very bullish stock market? Tpegs is very private and we will never know what he has. I'd wager that he has at least double what they're listing him at.Net worth takes in to account the value of all of your assets, including property. Link to comment Share on other sites More sharing options...
What a Tuel Posted February 7, 2015 Share Posted February 7, 2015 My favorite part is where they crap on the Jests with a typo. Woody only is worth 3.5 million. Was just going to post the same thing. I did a double take. Link to comment Share on other sites More sharing options...
MattM Posted February 7, 2015 Share Posted February 7, 2015 From a sociological standpoint, it's interesting how many of them inherited their team's or the wealth they used to buy the team. Pegula's one of the few truly self-made folks on that list. Part of that's the nature of the NFL--the League's getting up there in age and teams often stay in the family--but that doesn't explain all of it, as even some relatively new owners like Stan (Walmart marrying) Kroenke, Woody (J&J) Johnson, and Bob (married the boss's daughter) Kraft show.... Link to comment Share on other sites More sharing options...
Buffalo_Stampede Posted February 7, 2015 Share Posted February 7, 2015 Net worth takes in to account the value of all of your assets, including property.Pegula's worth went up after the sale on Forbes rankings. So Forbes probably isn't 100% accurate. Link to comment Share on other sites More sharing options...
Ed_Formerly_of_Roch Posted February 7, 2015 Share Posted February 7, 2015 Anyone have any idea where RW would have fell on the list? I'm assuming pretty low compared to many of these guys. Link to comment Share on other sites More sharing options...
aristocrat Posted February 7, 2015 Share Posted February 7, 2015 Net worth takes in to account the value of all of your assets, including property. No kidding. So he sells his company for 4.7 billion. Set up correctly I doubt he paid much in taxes...say on the high end 15 percent or 700 mil. I believe he only sold 80 percent of the company at first then the other 20 percent later so that could have been another billion. So he has 4 bil cash in 2010. What about all the money he made over the years, then you have the land that he sold last summer and apparently has a bunch more of and then the five years of investing that 4 billion since the sale of the company. Again I'd estimate it much higher than the 5 billion, Link to comment Share on other sites More sharing options...
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