Theodore 'Ted' Alfond is an American businessman, the billionaire heir to the Dexter Shoe Company fortune and a major shareholder in Berkshire Hathaway (NYSE: BRK.A). His colossal wealth is generational, tied to the industrial empire founded by his father, Harold Alfond (d. 2007), in 1958.

Alfond's career is defined by generational stewardship and fiduciary oversight of the complex family assets. His structural wealth is tied to the long-term, massive appreciation of the Berkshire Hathaway stock (which the family received in exchange for their shoe company).

• Berkshire Hathaway (Major Shareholder): The foundational source of his wealth, tied to his family's large stake in the company (Berkshire is the conglomerate controlled by Warren Buffett).
• Dexter Shoe Company (Family Heir): The industrial footwear company his father sold to Warren Buffett for Berkshire Hathaway stock in 1993.
• Philanthropic Apex: He and his family are major donors to education and healthcare (funding the Harold Alfond Foundation).
• Investment Strategy: His philosophy is rooted in long-term asset preservation and conservative financial management, strictly adhering to the Warren Buffett value model.

Ted Alfond's structural role is centered on fiduciary stewardship of his inherited assets, ensuring the long-term, stable management of the family legacy. The family's strategic financial genius was the 1993 sale of Dexter Shoe Company to Warren Buffett, a deal made entirely for Berkshire Hathaway stock—a highly successful long-term bet. His wealth is secured by the colossal, long-term, stable appreciation of the Berkshire Hathaway equity stake.

His commitment is to philanthropy, often channeled through the Harold Alfond Foundation, supporting major educational and community initiatives in Maine.

Ted Alfond's social impact flows from his family's large-scale philanthropic activities. The Harold Alfond Foundation is a major force in education and economic development in Maine, providing essential funding for universities and colleges (known for the Alfond Scholars Program). His contribution helps improve educational access and opportunity in the region.

His personal philanthropy supports various community and educational initiatives.

Ted Alfond maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global financial sector.

Residing in Boston, Massachusetts (with ties to Maine), his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to financial stewardship, investment strategy, and philanthropic governance.