Peter Alfond’s profile picture

Peter Alfond

Peter Alfond’s profile picture
Net worth 2018: $1.4 Billion
Country: United States
BirthDay: 17 May 1952
Sigh: Gemini
Died On: 10/07/2017
Children: 4
BIOGRAPHY

Peter Alfond was bornon 17 May 1952 in United States. Peter Alfond (d. 2017) spent three decades as a senior executive of Dexter Shoe Company, the business his father founded in 1958. He owed his wealth to a smart trade: In 1993 his father, Harold Alfond, sold the company to Warren Buffett in exchange for a chunk of Berkshire Hathaway stock. The Alfonds made a fortune from the rising value of those shares. Peter spent more than 30 years at Dexter, including a stint as president of PanAm Shoe, the base of the company's Caribbean operations. A prominent philanthropist, in 1994 he founded the Peter Alfond Foundation, which supports education and healthcare causes in New England and the Caribbean. He also sat on the board of his father's Harold Alfond Foundation, which has donated millions to universities and hospitals across Maine.

NET WORTH STATISTIC
2016

$1.1 Billion

2017

$1.4 Billion

2018

$1.4 Billion

TIMELINE
Peter Alfond (May 17, 1952 – July 10, 2017) was an American millionaire, investor, and philanthropist.Peter Alfond was born to a Jewish family, the son of Dorothy (née Levine) and businessman-philanthropist Harold Alfond.Harold Alfond founded the Dexter Shoe Company in 1958 and sold it in 1995 for $433 million of Berkshire Hathaway stock.Alfond was married to Karen Benson, they met at Rollins College in Winterpark, Florida and had four children: Rebekah, Kyle, Sarah, and Deborah.Peter Alfond died on July 10, 2017 of complications from malaria, which he had contracted on a trip to Africa. He was 65 years old.
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