Ted Alfond

$3.41 B

Ranked #1252 in World

About Ted Alfond

As an esteemed member of a prominent Jewish family, American billionaire businessman Ted Alfond, born in 1945, has established a significant legacy in the financial realm. The son of Dexter Shoe Company founder Harold Alfond and Dorothy Alfond, Ted not only contributed to the family business as executive vice president but also saw his wealth surge when he inherited Berkshire Hathaway shares in 2007, a savvy investment made by his father in 1995. A Rollins College alumnus, Ted Alfond, a part owner of the Boston Red Sox, resides in Weston, Massachusetts with his wife, Barbara Lawrence, and their three children, boasting a net worth of US$2.5 billion as of April 2023.

Born

August 19, 1944

Age

81 years

Source Of Wealth

Shoes

Industries

Fashion & Retail

Citizenship

United States

Residence

Weston, Massachusetts

Spouse

Barbara Lawrence

Children

Ted Alfond, an American billionaire businessman, was born in 1945 to a Jewish family. His parents, Dorothy (nee Levine) and Harold Alfond, raised him in a supportive and nurturing environment. Harold Alfond founded the Dexter Shoe Company in 1958, which became a successful venture and played a significant role in shaping Ted Alfond's future.

Ted Alfond: Family

Ted Alfond comes from a close-knit family. His father, Harold Alfond, was a prominent businessman who founded the Dexter Shoe Company. Ted's mother, Dorothy, provided a loving and stable home for the family. Ted has two siblings, with whom he shares a strong bond.

Ted Alfond: Career Highlights

After graduating from Rollins College in 1968, Ted Alfond joined the Dexter Shoe Company as an executive vice president. He played a crucial role in the company's growth and success. In 1995, the Dexter Shoe Company was sold to Berkshire Hathaway for $433 million in Berkshire Hathaway stock. Ted Alfond inherited a significant portion of Berkshire Hathaway shares when his father passed away in 2007, making him and his siblings billionaires.

Ted Alfond: Companies

Ted Alfond has been involved with several companies throughout his career. He is best known for his association with the Dexter Shoe Company, where he held a leadership position. Additionally, he is a part owner of the Boston Red Sox, a renowned baseball team.

Ted Alfond: Major Achievements

Ted Alfond's major achievements include his successful career in the footwear industry and his involvement in the sports world. He played a key role in the growth of the Dexter Shoe Company and later became a part owner of the Boston Red Sox. His business acumen and strategic decisions have contributed to his remarkable success.

Ted Alfond: Awards & Achievements

Ted Alfond has received recognition for his contributions to the business world. Although specific awards or achievements are not mentioned in the provided information, it is likely that he has been honored for his entrepreneurial spirit and accomplishments.

Ted Alfond: Personal Life & Legacy

Ted Alfond is married to Barbara Lawrence, whom he met during his college years.

They have built a strong and loving family together, with three children: John Alfond, Jenny Alfond Seeman, and Katharine Alfond Donahue. The Alfond family resides in Weston, Massachusetts.

Ted Alfond: Trivia

Ted Alfond's net worth is estimated to be around US$2.5 billion as of April 2023. He is known for his philanthropic endeavors and has made significant contributions to various charitable organizations.

Wealth History

Timeline

1945

Ted Alfond is born to a Jewish family in the United States.

1958

Ted Alfond's father, Harold Alfond, founds the Dexter Shoe Company.

1968

Ted Alfond graduates from Rollins College.

1995

Harold Alfond sells the Dexter Shoe Company to Berkshire Hathaway for $433 million of Berkshire Hathaway stock.

2007

Harold Alfond dies, and Ted Alfond inherits shares in Berkshire Hathaway, making him and his siblings billionaires.

Present

Ted Alfond is a part-owner of the Boston Red Sox, married to Barbara Lawrence, and has three children: John Alfond, Jenny Alfond Seeman, and Katharine Alfond Donahue. He lives in Weston, Massachusetts, and has a net worth estimated at US$2.5 billion (April 2023).

Ted Alfond : FAQs

What is Ted Alfond's current net worth?

Ted Alfond's current net worth is $3.41 billion.

What is Ted Alfond's current global rank among billionaires?

Ted Alfond holds the 1252nd position globally among billionaires.

What is Ted Alfond's current ranking within the United States?

Ted Alfond holds the 448th position in United States.

What was the change in Ted Alfond's net worth compared to the previous year?

Ted Alfond's net worth decreased by 140.75 million dollars compared to the previous year 2025, when his net worth was 3.55 billion dollars.

What is the recent change in Ted Alfond's net worth?

Ted Alfond's net worth decreased by 14.3 million dollars recently, a 0.42% decrease, with his net worth standing at 3.41 billion dollars.

What are Ted Alfond's main sources of wealth?

Ted Alfond's main source of income comes from Shoes.

In which industry does Ted Alfond primarily operate?

Ted Alfond is primarily involved in the Fashion & Retail industry.

How old is Ted Alfond?

Ted Alfond is 81 years old.

How many children does Ted Alfond have?

Ted Alfond has 3 children.

What is Ted Alfond's family background?

Born in 1945 into a Jewish family, Ted Alfond is the son of Dorothy (nee Levine) and Harold Alfond, the founder of Dexter Shoe Company.

How did Ted Alfond become a billionaire?

Ted Alfond inherited shares in Berkshire Hathaway from his father, Harold Alfond, after his death in 2007, which, along with his siblings, made him a billionaire.

Where did Ted Alfond go to college, and how was he involved in the family business?

Ted Alfond graduated from Rollins College in 1968 and worked as the executive vice president of Dexter Shoe Company after finishing college.

Is Ted Alfond married and does he have children?

Ted Alfond is married to Barbara Lawrence, whom he met in college. Together, they have three children named John Alfond, Jenny Alfond Seeman, and Katharine Alfond Donahue.