Rank #1253
Bill Alfond
Net worth $3.5B
Shoes · United States
- Born
- May 16, 1948
- Age
- 77
- Source
- Shoes
- Residence
- Boston, Massachusetts
- Citizenship
- United States
- Marital status
- Married
- Children
- 3
- Education
Net worth over time
Biography
- Bill Alfond is one of three living heirs who are billionaires thanks to Warren Buffett's purchase of the Dexter Shoe Company.
- Bill's father, Harold Alfond, bought an old mill in Maine in 1958 and turned it into a shoemaker that sold millions of boots and casual shoes a year.
- In 1993 Harold sold the company to Buffett for about $420 million in Berkshire Hathaway stock, now worth billions due to the rising share price.
- Bill and his brother Ted are minority investors in Fenway Sports Group, which owns the Boston Red Sox, Liverpool FC and the Pittsburgh Penguins.
- Bill's youngest sibling, Peter, died in July at age 65 from malaria, which he contracted during a trip to Africa.
Financial assets
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