Ted Alfond (born 1945) is an American billionaire businessman.

Biography

Ted Alfond was born to a Jewish family, the son of Dorothy (née Levine) and

Harold Alfond Harold Alfond (March 6, 1914 – November 16, 2007) was an American businessman who founded the Dexter Shoe Company, established the first factory outlet store and was a minority owner of the Boston Red Sox. Early life Alfond was born in S ...

.Colby College Digital Commons: "Bibby Levine Alfond Scrapbook"
January 1, 2011 His father founded the Dexter Shoe Company in 1958 and sold it in 1995 for $433 million of

Berkshire Hathaway Berkshire Hathaway Inc. () is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Originally a textile manufacturer, the company transitioned into a conglomerate starting in 1965 under the management of c ...

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 Rollins College is a Liberal arts college, private liberal arts college in Winter Park, Florida. It was founded in November 1885 and has about 30 undergraduate majors and several master's programs. Florida's fourth oldest post-secondary institut ...

and after school, he worked as executive vice president of Dexter Shoe Company. He is a part owner of the

Boston Red Sox The Boston Red Sox are an American professional baseball team based in Boston. The Red Sox compete in Major League Baseball (MLB) as a member club of the American League (AL) American League East, East Division. Founded in as one of the Ameri ...

Personal life

Alfond is married to Barbara Lawrence whom he met in college; they have three children: John Alfond, Jenny Alfond Seeman, and Katharine Alfond Donahue. He lives in

Weston, Massachusetts Weston is an affluent town in Middlesex County, Massachusetts, United States, located approximately west of Boston. At the time of the 2020 United States census, the population of Weston was 11,851. Weston was incorporated in 1713, and protect ...

Net worth

Forbes estimates his net worth at US$2.5 billion (April 2023).

References

American billionaires 1945 births Living people Rollins College alumni Businesspeople from Maine Boston Red Sox executives Ted Jewish American baseball people Fenway Sports Group people Jews from Maine Jews from Massachusetts Jewish American sports executives and administrators {{US-business-bio-1940s-stub