Ted Alfond Net Worth

Ted Alfond has an estimated net worth of $3.7 billion, according to Forbes Real-Time Billionaires, Ted Alfond profile (figures as of October 20, 2026). That is up from $1.6 billion in 2019.

Ted Alfond is an American businessman whose family fortune began with a shoe factory in Maine. Born in 1945, he is the son of Harold and Dorothy Alfond. His father bought an old mill in Maine in 1958 and turned it into Dexter Shoe Company, which went on to sell millions of boots and casual shoes every year. Ted graduated from Rollins College in 1968.

After college, Ted joined the family company and rose to executive vice president of Dexter Shoe. The business changed hands when Warren Buffett bought it, paying with Berkshire Hathaway stock. That deal later made the Alfond family very rich. Ted lives in Weston, Massachusetts, with his wife Barbara Lawrence, whom he met in college, and he is a part owner of the Boston Red Sox.

How Ted Alfond got rich

Ted Alfond's wealth traces back to the sale of Dexter Shoe. Forbes says his father sold the company to Buffett for about $420 million in Berkshire Hathaway shares. Those shares rose steadily for years and are now worth billions. When Harold Alfond died in 2007, he passed his Berkshire stock to his children, and Ted is one of three living heirs who became billionaires because of it.

He has also put money into sports. Ted and his brother Bill are minority investors in Fenway Sports Group, which owns the Boston Red Sox, Liverpool FC and the Pittsburgh Penguins. That stake links him to some of the best-known teams in baseball, soccer and hockey. Still, the largest part of his fortune remains tied to the Berkshire Hathaway shares that came from the shoe company sale.

Ted Alfond's Forbes estimate over time

Forbes estimated Ted Alfond at $1.6 billion in 2019, then $1.4 billion in 2020. The figure climbed to $2.3 billion in 2021 and $2.8 billion in 2022. In 2023 it slipped to $2.5 billion. Since his fortune leans heavily on Berkshire Hathaway stock, his estimate tends to rise and fall with the value of Buffett's conglomerate.

Since then, the trend has been upward. Forbes put him at $3.1 billion in 2024 and $3.5 billion in both 2025 and 2026 on its World's Billionaires List. As of October 20, 2026, the Forbes real-time billionaires tracker showed him at $3.7 billion. That makes his current estimate more than twice his 2019 figure, with the gains coming mostly from the rising value of the family's Berkshire shares.