Bill Alfond

About Bill Alfond

Birth Year: 1949
Birth Place: Belgrade, Maine, United States
Residence: Belgrade, Maine
Occupation: investor, philanthropist
Spouse(s): Joan Loring
Children: Justin Alfond Kenden Alfond Reis Alfond
Parent(s): Dorothy Levine Alfond Harold Alfond
Family: Susan Alfond (sister) Peter Alfond (brother) Ted Alfond (brother)

Bill Alfond Net Worth

Bill Alfond was bornon 1949 in Belgrade, Maine, United States. Bill Alfond's father traded Warren Buffett his Dexter Shoe Company in exchange for a chunk of Berkshire Hathaway stock in 1993, and the Alfonds have made a fortune from the rising value of those shares. Harold Alfond, a onetime factory worker who never went to college, bought an old shoe factory, started the Norrwock Shoe Company and sold it for $1 million in 1944. Fourteen years later he snatched up an old mill in Dexter, Maine and turned it into the Dexter Shoe Company, which eventually sold millions of boots and causal shoes a year. After trading the company to Buffett in 1993 he focused on philanthropy, donating millions to universities and hospitals across Maine before he died in 2007. Son Bill is one of three siblings who share the fortune; all are billionaires. The family owns a small stake in Fenway Sports Group, which owns the Boston Red Sox and Liverpool FC plus stakes in Roush Fenway Racing and New England Sports Network.
Bill Alfond is a member of Fashion & Retail

💰 Net worth: $1.57 Billion (Updated at 22 June 2018)

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

Some Bill Alfond images

Biography/Timeline

1958

Bill Alfond was born to a Jewish family, the son of Dorothy (née 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.