Ted Alfond | |
---|---|
Born | 1945 (age 77–78) |
Nationality | American |
Alma mater | Rollins College |
Occupation | Businessman |
Spouse | Barbara Lawrence |
Children | 3 |
Parent |
|
Family | Susan Alfond (sister) Bill Alfond (brother) Peter Alfond (brother) |
Ted Alfond (born 1945) is an American billionaire businessman.
Ted Alfond was born to a Jewish family, the son of Dorothy (nee Levine) and Harold Alfond. [1] [2] [3] His father founded the Dexter Shoe Company in 1958 and sold it in 1995 for $433 million of Berkshire Hathaway stock. [1] When his father died in 2007, he left his shares in Berkshire Hathaway to his four children, Ted, Susan, Bill, and Peter, who are now all billionaires. [4] In 1968, he graduated from Rollins College and after school, he worked as executive vice president of Dexter Shoe Company. He is a part owner of the Boston Red Sox. [5]
Alfond is married to Barbara Lawrence [6] whom he met in college; they have three children: [5] John Alfond, [7] Jenny Alfond Seeman, [8] and Katharine Alfond Donahue. [9] He lives in Weston, Massachusetts
Forbes estimates his net worth at US$2.5 billion (April 2023). [4]
Warren Edward Buffett is an American businessman, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. As a result of his immense investment success, Buffett is one of the best-known investors in the world. As of December 2023, he had a net worth of $120 billion, making him the seventh-richest person in the world.
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Its main business and source of capital is insurance, from which it invests the float in a broad portfolio of subsidiaries, equity positions and other securities. The company has been overseen since 1965 by its chairman and CEO Warren Buffett and vice chairman Charlie Munger, both known for their advocacy of value investing principles. Under their direction, the company's book value has grown at an average rate of 20%, compared to about 10% from the S&P 500 index with dividends included over the same period, while employing large amounts of capital and minimal debt.
Harold Alfond was an American businessman who founded the Dexter Shoe Company and established the first factory outlet store.
Susan Thompson Buffett was an American activist for the causes of civil rights, abortion rights and birth control, and the first wife of investor Warren Buffett. She was a director of Berkshire Hathaway, owning 2.2 percent of the company worth about $3 billion at the time of her death, making her the 153rd richest person in the world. She was president of the Buffett Foundation, which has contributed millions of dollars to educational groups, medical research, family planning groups and other charities.
Charles Thomas Munger was an American businessman, investor, and philanthropist. He was vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett described Munger as his closest partner and right-hand man. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He was also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
Shari Arison is an American-born Israeli businesswoman and philanthropist. She is the owner of Arison Investments, which consists of several business companies, and of The Ted Arison Family Foundation, which comprises several philanthropic organizations that operate as its subsidiaries. She was the controlling shareholder of Bank Hapoalim for 21 years, and after selling some of her shares in November 2018, she ceased to be the controlling shareholder at the bank. She was also an owner of Shikun & Binui for 22 years, sold to the Saidoff Group on August 6, 2018.
Preston Robert Tisch was an American businessman who was the chairman and—along with his brother Laurence Tisch—was part owner of the Loews Corporation. From 1991 until his death, Tisch owned 50% of the New York Giants football team and shared ownership of the team with Wellington Mara.
Borsheims is a luxury jewelry store that sells fine jewelry, timepieces, engagement rings and home decór in Omaha, Nebraska. In 1870, Norwegian immigrant and silversmith Louis Borsheims founded his independent jewelry business that would later become known as Borsheims. The luxury jewelry retailer began as Brown and Borsheim. In 1907, Louis A. Borsheim sold his interests in Brown and Borsheim, thus began the Omaha staple, Borsheims. The business was sold to Louis Friedman and Simon Gorelick in 1947. In 1950, Louis bought out his brother in law, Simon Gorelick and his son Ike joined the business, who both retained the Borsheims name. In 1980, Ike Friedman bought out his father, Louis. Ike's son Alan and son in law joined the business. In 1985, his other son in law, Donald Yale joined the business. His two daughters, Janis Yale and Susie Cohn also worked in the business.
An outlet store, factory outlet or factory store is a brick and mortar or online store where manufacturers sell their merchandise directly to the public. Products at outlet stores are usually sold at reduced prices compared to regular stores due to being overstock, closeout, factory seconds, or lower-quality versions manufactured specifically for outlets. Traditionally, a factory outlet was a store attached to a factory or warehouse, sometimes allowing customers to watch the production process, such as in the original L.L. Bean store. In modern usage, outlet stores are typically manufacturer-branded stores such as Gap or Bon Worth grouped together in outlet malls. The invention of the factory outlet store is often credited to Harold Alfond, founder of the Dexter Shoe Company.
Herbert A. Allen Jr. is an American businessman and former president of Allen & Company.
Jorge Paulo Lemann is a Brazilian billionaire investment banker and businessman with dual Brazilian and Swiss citizenship.
David Sanford Gottesman was an American businessman and billionaire. He founded First Manhattan Co. (FMC), and was noted for his friendship with Warren Buffett.
The Rollins Museum of Art is located on the Winter Park campus of Rollins College and is the only teaching museum in the greater Orlando area. The museum houses more than 5,000 objects ranging from antiquity through contemporary eras, including rare old master paintings and a comprehensive collection of prints, drawings, and photographs. The museum displays temporary exhibitions on a rotating basis along with the permanent collection.
Franklin Otis Booth Jr. was an American billionaire newspaper executive and investor. He was a Los Angeles Times executive and early investor in Berkshire Hathaway, which made him a billionaire. Booth was also a philanthropist and a great-grandson of Gen. Harrison Gray Otis, founder of the Times.
Justin Loring Alfond is an American politician and real estate developer. He served as a Democratic State Senator from the 8th District, which represents much of Portland. Alfond was first elected to the State Senate in 2008 to replace Democrat Ethan Strimling; he beat former State Senator Anne Rand and Cliff Ginn. He was re-elected in 2010 and 2012. In 2012, he faced Green Independent Party Chair Asher Platts. Alfond won with 71% of the vote in a two-way race.
Theodore Nathan Lerner was an American real estate developer and managing principal owner of the Washington Nationals baseball team. He was the founder of the real estate company Lerner Enterprises, the largest private landowner in the Washington metropolitan area, which owns commercial, retail, residential, and hotel properties, as well as Chelsea Piers in New York City. In 2015, Forbes magazine named him the richest person in Maryland.
Peter Alfond was an American billionaire, investor, and philanthropist.
Bill Alfond is an American investor, philanthropist, and billionaire. In 2022, Forbes estimated his fortune at around $2.4 billion.
Susan Gail Alfond is an American investor, philanthropist, and billionaire.
Bruce S. Sherman is an American businessman and co-founder of the wealth-management firm Private Capital Management and the chairman and majority owner of the Miami Marlins of Major League Baseball.