Ted Alfond’s profile picture

Ted Alfond

Ted Alfond’s profile picture
Net worth 2018: $1.59 Billion
Residence: Weston, Massachusetts
Country: United States
BirthDay: 1945
Children: 3
BIOGRAPHY

Ted Alfond was bornon 1945 in Weston, Massachusetts, United States. Ted Alfond is #1502 in List Billionaires People In The World. Ted Alfond's father traded his Dexter Shoe Company to Warren Buffett in exchange for a chunk of Berkshire Hathaway stock in 1993. The Alfonds have made billions from the rising value of those shares. Harold Alfond, a onetime factory worker who never went to college, sold his first shoe factory, Norrwock Shoe Company, for $1 million in 1944. Fourteen years later, he bought 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 turned his attention to philanthropy, donating millions to universities and hospitals across Maine before he died in 2007. Son Ted and his two billionaire siblings share the fortune, including Berkshire stock and a small stake in Fenway Sports Group, which owns the Boston Red Sox and Liverpool FC plus stakes in Roush Fenway Racing and the New England Sports Network.

NET WORTH STATISTIC
2016

$1.1 Billion

2017

$1.4 Billion

2018

$1.59 Billion

TIMELINE
Ted Alfond (born 1945) is an American investor, philanthropist, and billionaire.Ted Alfond was born to a Jewish family, the son of Dorothy (nee Levine) and Harold Alfond. His father founded the Dexter Shoe Company in 1958 and sold it in 1995 for $433 million of Berkshire Hathaway stock. 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. In 1968, he graduated from Rollins College and after school, he worked as Executive Vice President of Dexter Shoe Company. He is a part owner of the Boston Red SoxAlfond is married to Barbara Lawrence whom he met in college; they have three children: John Alfond, Jenny Alfond Seeman, and Katharine Alfond Donahue.
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