Rank #1251
Ted Alfond
Net worth $3.5B
Shoes · United States
- Born
- Aug 19, 1944
- Age
- 81
- Source
- Shoes
- Residence
- Weston, Massachusetts
- Citizenship
- United States
- Marital status
- Married
- Children
- 3
- Education
Net worth over time
Biography
- Ted Alfond is one of three living heirs who are billionaires thanks to Warren Buffett's purchase of the Dexter Shoe Company.
- Ted'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.
- Ted and his brother Bill are minority investors in Fenway Sports Group, which owns the Boston Red Sox, Liverpool FC and the Pittsburgh Penguins.
- Ted's youngest sibling, Peter, died in 2017 at age 65 from malaria, which he contracted during a trip to Africa.
Financial assets
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