Ted Alfond

Ted Alfond is one of four heirs who are billionaires thanks to Warren Buffett's purchase of the Dexter Shoe Company. Ted's father, Harold Alfond, bought an old mill in Maine in 1958 and turned it into a shoemaker that sold millions of boots and casual shoes a year. In 1993 Harold sold the company to Buffett for about $420 million in Berkshire Hathaway stock, now worth billions due to the rising share price. Ted and his two siblings, Bill and Susan, also share a roughly 4% stake in Fenway Sports Group, which owns the Boston Red Sox and Liverpool FC. Ted's youngest sibling, Peter, died in July 2017 at age 65 from malaria, which he contracted during a trip to Africa.