Bill Alfond’s profile picture

Bill Alfond

Bill Alfond’s profile picture
Net worth 2018: $1.59 Billion
Residence: Belgrade, Maine
Country: United States
BirthDay: 1949
Children: 3
BIOGRAPHY

Bill Alfond was bornon 1949 in Belgrade, Maine, United States. Bill Alfond is #1500 in List Billionaires People In The World. Bill Alfond's father traded Warren Buffett his Dexter Shoe Company in exchange for a chunk of Berkshire Hathaway stock in 1993, and the Alfonds have made a fortune from the rising value of those shares. Harold Alfond, a onetime factory worker who never went to college, bought an old shoe factory, started the Norrwock Shoe Company and sold it for $1 million in 1944. Fourteen years later he snatched up an old mill in Dexter, Maine and turned it into the Dexter Shoe Company, which eventually sold millions of boots and causal shoes a year. After trading the company to Buffett in 1993 he focused on philanthropy, donating millions to universities and hospitals across Maine before he died in 2007. Son Bill is one of three siblings who share the fortune; all are billionaires. The family owns a small stake in Fenway Sports Group, which owns the Boston Red Sox and Liverpool FC plus stakes in Roush Fenway Racing and New England Sports Network.

NET WORTH STATISTIC
2016

$1.1 Billion

2017

$1.4 Billion

2018

$1.59 Billion

TIMELINE
2007

When his father died in 2007, he left his shares in Berkshire Hathaway to his four children, Ted, Susan, Bill, and Peter, who are now all billionaires

1958

His father founded the Dexter Shoe Company in 1958 and sold it in 1995 for $433 million of Berkshire Hathaway stock

1949

Bill Alfond (born 1949) is an American investor, philanthropist, and billionaire

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