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Susan Alfond

Susan Alfond

0% | $ 0M
S. Alfond
Rank
#0
Net Worth
$00.0B
Gender
Female
Age
79Y
Country
United States
Born On
January, 1946
Deceased
No
Relationship Status
Married
Children
Unknown
Education

Unknown

Designation Info :

Self-Made
No
Type
Inherited
Organization Name
Berkshire Hathaway
Title
Shareholder
Source

Berkshire Hathaway

Industry
Investments, Philanthropy

About S. Alfond


S usan Alfond is an American heiress who, along with her three brothers, inherited a multi-billion dollar fortune created by her late father, the self-made entrepreneur Harold Alfond. Her father founded the Dexter Shoe Company in Maine and built it into a major American footwear manufacturer. The family's defining financial moment came in 1993, when her father made a brilliant and life-changing deal to sell the company to Warren Buffett's Berkshire Hathaway in an all-stock transaction.

While the Dexter Shoe business itself later collapsed due to overwhelming foreign competition—a fact Buffett has called his worst-ever deal—the 25,203 shares of Berkshire Hathaway that the Alfond family received in the deal have since appreciated in value by an astronomical amount. The soaring value of this stock has turned the four Alfond siblings into quiet multi-billionaires. Susan is not involved in business and has dedicated her life to philanthropy through the family's Harold Alfond Foundation, which is a major benefactor to educational and healthcare institutions in their home state of Maine.

Quick Reads


  • Heiress to the Dexter Shoe Company fortune.
  • Her father, Harold Alfond, sold the company to Berkshire Hathaway in 1993 for stock.
  • The family's Berkshire Hathaway stock has since become worth billions.
  • She and her three brothers share the inherited fortune.
  • A major philanthropist in Maine through her family's foundation.

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