From Rags to Riches: Billionaire Kim Pegula’s Inspiring Story Will Bring You to Tears
How many “from rags to riches” stories have you heard this far into your life? Such tales remind us that no matter how rough we may have it in current circumstances, we’re never in the endgame just yet. Your fortunes can change in an instant, and your woes become a distant memory.
Such is the case for Kim Pegula, the lady who’s now a billionaire and a source of pride for residents living in Buffalo. You’re already dying to hear her story, aren’t you?
Back in ’74, the Kerrs were looking to expand their family via adoption, despite already having two adorable sons. As you may very well know, the adoption process isn’t always that easy (and theirs was an overseas adoption), and it wasn’t until Christmas Eve that Santa brought Marilyn and Ralph Kerr they gift they’d been hoping for all year.
They received a call confirming that they’d now be parents to Kim Pegula, a young girl who was only 5 at the time. Flying out from Rochester to the Big Apple, the first time the Kerrs met Kim, she had all her earthly possessions with her; a jacket and a bag carrying a pair of shoes.
How did she end up here? As a toddler, her parents abandoned her outside a police station, something that was common with the Koreans when they felt that they couldn’t take care of their little ones. She was in literal rags, and the authorities did the best they could to put her in an orphanage in the country’s capital.
When the adoption pushed through, Kim must have had quite a difficult time. Having lived in Seoul all her life, English was completely foreign to her, so you can just imagine the language barrier. Luckily, her adoptive parents provided her with an enabling environment, and she fit right in.
The couple took the kid to Jefferson Avenue, an elementary school, and soon discovered that the young girl was incredibly smart. Within a few months, she could effectively communicate in English that one would think she was born and raised in the US.
She was also into extracurricular activities, venturing into cheerleading from a young age. She continued with her craft after joining high school, and by this time, she had embraced living the American dream. So much so that she never thought about her real parents, nor had any interest in searching for them.
A Chance Meeting
Kim graduated and followed in her brothers’ footsteps by joining Houghton College, with the young adult studying broadcast journalism. However, running into Terry Pegula set her path on a different course, one that she’s definitely grateful for.
The chance meeting happened at a restaurant where Kim and her roommate were filling out job applications. Terry and some of his colleagues happened to walk in, and the two talked for a while. Before leaving, he left his card with the young lady, asking her to call him sometime.
She did call, leaving a message, but after getting no reply, she forgot all about him. But as fate would have it, Terry would call back eons later, asking her out and later offering the lady a job. A year later, Terry proposed, and although the Kerrs had their reservations, they finally agreed to it.
The rest, as they say, is history. Terry and Kim are now worth a combined $4.6 billion, largely thanks to their co-ownership of Buffalo Bills.
More in Financial Adviser
Netflix Raises Its Prices As Their Stocks Hit All-Time High
For people nowadays, local television networks are simply boring, that is why almost every household in the United States have Netflix....September 16, 2021
5 Financial Habits That You Shouldn’t Break
While everyone can earn money, not everyone has healthy financial habits. This is why some people, even those who have considerably...September 15, 2021
Apple, Facebook, Amazon Ask Trump To Preserve DACA
Standing together as one and fighting for every single person’s rights, that is what hundreds of chief executives from the biggest...September 15, 2021
Hailey and Justin Surprise Fans with Matching Wedding Rings, And You Won’t Believe How Much They Cost!
In June 2018, Justin Bieber and Hailey Baldwin shocked the world when they reignited their romance, just weeks after the Canadian singer...September 15, 2021
With $600-Million Net Worth, Rihanna’s Planning to Use Her Money for a Very Special Cause
Rihanna is like Kobe Bryant, at least in terms of her fierceness, according to producer Evan Rogers, who discovered the then-teenager...September 15, 2021
Wendy Williams Partners with New Foundation Following Her Devastating Split from Cheating Husband
Just like her marriage to Kevin Hunter, Wendy Williams’ charity organization, The Hunter Foundation, has also now been dissolved. Wendy Williams shocked...September 15, 2021
The Maldives has a Program that’ll Reward You for Traveling There–Here’s How it Works
While there are many destinations that have opened up their doors once again for leisure travelers, it seems like the number...September 15, 2021
A Children’s Story By A Bank: Should You Read It To Your Child?
The days when children’s bedtime stories used to have fairy tales about princesses in distress who were rescued, one way or...September 15, 2021
Bret Michaels Gave This Baseball Player an Unforgettable Gift After Being Touched by His Inspiring Story
For the longest time, Rockstars were unfairly discriminated as rebellious and malicious individuals, clad in tattoos and dark makeup. However, this twisted perception has long been...September 14, 2021