NetWorth
LeaderPortfolio
Alfond
Ted Alfond
Rank #1229
UNITED STATES•Fashion & Retail•Shoes

Ted Alfond

Net Worth
$3.45B
-0.26% (24h)
Ted Alfond, born in 1945, is an American billionaire businessman and philanthropist. His source of wealth stems from the Dexter Shoe Company, founded by his father, Harold Alfond. Ted served as a senior executive at Dexter Shoe. Following the sale of Dexter Shoe Company to Berkshire Hathaway, Ted inherited shares in Berkshire Hathaway, which has increased his net worth. He is known for his philanthropic efforts, including support for education and community initiatives. As of March 2026, his net worth is estimated at $3.4 billion.

How to read Ted Alfond's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Ted Alfond, we anchor the narrative to Shoes and Shoes, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $3.45B alongside global rank #1229, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (UNITED STATES) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Theodore B. "Ted" Alfond was born in 1945 to a Jewish family. His father, Harold Alfond, was a self-made entrepreneur who founded the Dexter Shoe Company in 1958. Ted graduated from Kents Hill School and Rollins College in 1968.

Rise to Success

After graduating, Ted joined the Dexter Shoe Company, rising to executive vice president of sales. In 1993, Dexter Shoe Company was sold to Berkshire Hathaway for approximately $420 million in stock. This transaction has ballooned in value due to the appreciation of Berkshire shares, making Alfond and his siblings billionaires.

Key Business Strategies

Ted Alfond has been involved in family-managed entities, including Dexter Enterprises LLC, which oversees the Alfond family's investments. He is a limited partner in Fenway Sports Group, which owns the Boston Red Sox, Liverpool F.C., and the Pittsburgh Penguins. His wealth growth is closely tied to the performance of Berkshire Hathaway shares.

Philanthropy

Ted Alfond is actively involved in philanthropic efforts as chairman of the board of trustees for the Harold Alfond Foundation, which supports education, health, and community initiatives in Maine. He also serves on nonprofit boards, reflecting a commitment to environmental conservation and cultural institutions. In 2010, Alfond facilitated a landmark $12.5 million grant from the Harold Alfond Foundation to Rollins College.

Career Timeline

2007

Inherited Berkshire Hathaway Shares

Inherited shares in Berkshire Hathaway, making him a billionaire.

1993

Dexter Shoe Company sold to Berkshire Hathaway

The company was sold for Berkshire Hathaway stock.

1968

Joined Dexter Shoe Company

Joined the family business as a junior executive.

1968

Graduated from Rollins College

Ted Alfond graduated from Rollins College in 1968.

Philanthropic Impact

Education$12.5M

The Alfond Inn

Facilitated a $12.5 million grant for The Alfond Inn at Rollins College.

Philanthropy$425M+

Harold Alfond Foundation

Supports education, healthcare, and community initiatives.

Key Business Ventures & Holdings

CompanyStakeValue
Boston Red Sox——
Berkshire Hathaway——

Net Worth History

In-Depth Analysis

Early Life

Theodore B. "Ted" Alfond was born in 1945 to a Jewish family. His father, Harold Alfond, was a self-made entrepreneur who founded the Dexter Shoe Company in 1958. Ted graduated from Kents Hill School and Rollins College in 1968.

Rise to Success

After graduating, Ted joined the Dexter Shoe Company, rising to executive vice president of sales. In 1993, Dexter Shoe Company was sold to Berkshire Hathaway for approximately $420 million in stock. This transaction has ballooned in value due to the appreciation of Berkshire shares, making Alfond and his siblings billionaires.

Key Business Strategies

Ted Alfond has been involved in family-managed entities, including Dexter Enterprises LLC, which oversees the Alfond family's investments. He is a limited partner in Fenway Sports Group, which owns the Boston Red Sox, Liverpool F.C., and the Pittsburgh Penguins. His wealth growth is closely tied to the performance of Berkshire Hathaway shares.

Philanthropy

Ted Alfond is actively involved in philanthropic efforts as chairman of the board of trustees for the Harold Alfond Foundation, which supports education, health, and community initiatives in Maine. He also serves on nonprofit boards, reflecting a commitment to environmental conservation and cultural institutions. In 2010, Alfond facilitated a landmark $12.5 million grant from the Harold Alfond Foundation to Rollins College.

Data Sources & Methodology

Figures for Ted Alfond are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.

You may also like

HubAll BillionairesHubGlobal RankingsHubNewsroomBillionaireBernard Arnault & familyRank #9