Susan Alfond’s net worth over time
Only dates with a published estimate are shown. Nothing is filled in between. Tap or hover a bar to see the source.
See the numbers as a table
| Date | Estimate | Source |
| 2019 | $1.6 billion | Forbes World's Billionaires List 2019 |
| 2020 | $1.4 billion | Forbes World's Billionaires List 2020 |
| 2021 | $2.3 billion | Forbes World's Billionaires List 2021 |
| 2022 | $2.8 billion | Forbes World's Billionaires List 2022 |
| 2023 | $2.5 billion | Forbes World's Billionaires List 2023 |
| 2024 | $3.1 billion | Forbes World's Billionaires List 2024 |
| 2025 | $3.5 billion | Forbes World's Billionaires List 2025 |
| 2026 | $3.5 billion | Forbes World's Billionaires List 2026 |
| Oct 2026 | $3.7 billion | Forbes Real-Time Billionaires · Forbes real-time estimate |
Where the money comes from
These are the main sources of wealth named in the reporting we cite. No published source breaks the total into exact amounts, so we do not show percentages.
Susan Alfond’s fortune in real-life terms
Based on the Forbes Real-Time Billionaires estimate above. Median full-time U.S. pay is $65,416 a year ($1,258 a week, BLS, Q2 2026), before taxes. Typical (median) U.S. family net worth is $216,100 (Federal Reserve, 2025 Survey of Consumer Finances).
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Susan Alfond has an estimated net worth of $3.7 billion, according to Forbes Real-Time Billionaires, Susan Alfond profile (figures as of October 20, 2026). That is up from $1.6 billion in 2019.
Susan Alfond is an American investor and philanthropist whose wealth comes from the Dexter Shoe fortune. She is part of the Alfond family in Maine, where her father built Dexter Shoe Company into a major shoemaker. He bought an old mill in Maine in 1958 and turned it into a business that sold millions of boots and casual shoes. Alfond is also known in Forbes coverage as the richest person in Maine.
Her fortune grew from the family stake created when Harold Alfond sold Dexter Shoe to Warren Buffett's Berkshire Hathaway in 1993 for $420 million in stock. Susan Alfond and her three siblings inherited that fortune. Because the deal was paid in Berkshire shares, the family's wealth rose as those shares increased in value over time. Forbes put her fortune at $3.7 billion on its real-time billionaires tracker as of October 20, 2026.
How Susan Alfond's wealth was built
Susan Alfond's money is tied to shoes, but not from running a fashion label herself. The fortune began with Dexter Shoe Company, the business started by her father, Harold Alfond. He bought an old mill in Maine in 1958 and turned it into a shoemaker that sold millions of boots and casual shoes. That gave the family a valuable company in fashion and retail, which later became the base of Susan Alfond's wealth.
The key money move came in 1993, when Harold Alfond sold Dexter Shoe to Berkshire Hathaway. Forbes says the deal was worth $420 million in Berkshire stock. Susan Alfond and her three siblings later inherited the fortune created from that transaction. Since the payment was in shares rather than cash, her wealth has remained tied to the value of Berkshire Hathaway stock. That helps explain why her fortune is measured in the billions today.
How the Forbes estimate changed
Forbes has tracked Susan Alfond's fortune through several yearly billionaire lists. It estimated her net worth at $1.6 billion in 2019, then $1.4 billion in 2020. The figure jumped to $2.3 billion in 2021 and moved up again to $2.8 billion in 2022. Those changes fit the way her wealth is linked to Berkshire Hathaway shares, because the family fortune came from stock received in the Dexter Shoe sale.
After that, Forbes put her at $2.5 billion in 2023, then $3.1 billion in 2024 and $3.5 billion in 2025. Forbes kept the estimate at $3.5 billion in 2026 on its World's Billionaires List, then showed $3.7 billion on its real-time billionaires tracker in October 2026. The broad trend points back to the same source: inherited Berkshire stock that became worth billions after the 1993 sale.
Career and money timeline
- 1958
Harold Alfond bought an old mill in Maine and started building Dexter Shoe Company.
- 1993
Dexter Shoe was sold to Berkshire Hathaway for $420 million in stock.
- 2019
Forbes estimated Susan Alfond's net worth at $1.6 billion.
- 2024
Forbes valued her fortune at $3.1 billion on its annual billionaires list.
- 2026
Forbes showed her at $3.7 billion on its real-time tracker in October.
Susan Alfond net worth FAQ
What is Susan Alfond's net worth?
Susan Alfond's net worth is an estimated $3.7 billion, according to Forbes Real-Time Billionaires, Susan Alfond profile (October 20, 2026). It is an estimate, not an official figure.
How did Susan Alfond get so rich?
The main sources named in the reporting we cite are: Shoes.
Is Susan Alfond a billionaire?
Yes. Forbes Real-Time Billionaires estimates Susan Alfond is worth $3.7 billion.
How has Susan Alfond's net worth changed?
The earliest published estimate we track is $1.6 billion (2019, Forbes World's Billionaires List 2019). The latest is $3.7 billion (October 20, 2026).
Why is Susan Alfond's fortune connected to Berkshire Hathaway?
Her father sold Dexter Shoe to Berkshire Hathaway in 1993 for stock, not cash. Susan Alfond later inherited part of that family fortune.
What business created Susan Alfond's wealth?
The fortune started with Dexter Shoe Company. Harold Alfond built it into a shoemaker that sold millions of boots and casual shoes.
Sources
- Forbes Real-Time Billionaires, Susan Alfond profile (October 20, 2026)
- Forbes World's Billionaires List 2019, Susan Alfond profile (March 5, 2019)
- Forbes World's Billionaires List 2020, Susan Alfond profile (April 7, 2020)
- Forbes World's Billionaires List 2021, Susan Alfond profile (April 6, 2021)
- Forbes World's Billionaires List 2022, Susan Alfond profile (April 5, 2022)
- Forbes World's Billionaires List 2023, Susan Alfond profile (April 4, 2023)
- Forbes World's Billionaires List 2024, Susan Alfond profile (April 2, 2024)
- Forbes World's Billionaires List 2025, Susan Alfond profile (April 2025)
- Forbes World's Billionaires List 2026, Susan Alfond profile (March 10, 2026)
- U.S. Bureau of Labor Statistics, Usual Weekly Earnings (Q2 2026) (July 2026)
- Federal Reserve, 2025 Survey of Consumer Finances (median family net worth, Table 4) (October 2026)
- Background facts: Wikipedia, Susan Alfond (accessed October 25, 2026). Used for career facts only, never for figures.
Every number on this page is an estimate published by the source named next to it. We never fill in years with our own guesses. How we handle estimates.