Ted Alfond
Fashion & Retail

Ted Alfond Net Worth

Ted Alfond was born in 1945 in Weston, Massachusetts. His father, Harold Alfond, was a factory worker who never went to college, but was able to turn his first shoe factory, Norrwock Shoe Company, into the Dexter Shoe Company, which he sold to Warren Buffett in 1993 in exchange for a chunk of Berkshire Hathaway stock. This stock has since risen in value, making the Alfonds billions. Harold Alfond then devoted his time to philanthropy, donating millions to universities and hospitals in Maine before his death in 2007. Ted and his two siblings now share the fortune, including Berkshire stock and a stake in Fenway Sports Group.
Ted Alfond is a member of Fashion & Retail

Age, Biography and Wiki

Birth Year 1945
Birth Place Weston, Massachusetts, United States
Age 78 YEARS OLD
Education Rollins College
Occupation investor, philanthropist
Spouse(s) Barbara Lawrence
Children John Alfond Jenny Alfond Seeman Katharine Alfond Donahue
Parent(s) Dorothy Levine Alfond Harold Alfond
Family Susan Alfond (sister) Bill Alfond (brother) Peter Alfond (brother)

💰 Net worth: $2.5 Billion (2024)

Ted Alfond, a prominent figure in the fashion and retail industry in the United States, is said to have an estimated net worth of $2.5 billion by the year 2024. Renowned for his business acumen and innovative strategies, he has made significant contributions to the growth and success of various fashion ventures. With an unparalleled understanding of consumer trends and desires, Alfond has successfully positioned himself as a key player in the industry. Through his vision and leadership, he has not only amassed substantial wealth but also acquired a reputation for his exceptional fashion sense and impeccable retail expertise.

2016 $1.1 Billion
2017 $1.4 Billion
2018 $1.59 Billion

Biography/Timeline

1958

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 Sox

Some Ted Alfond images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.