Early Life
Susan Gail Alfond was born in 1946 to Harold Alfond and Dorothy Levine. Her father, Harold, was a prominent businessman and entrepreneur who founded the Dexter Shoe Company in 1958. Alfond's upbringing was rooted in Maine, where her father built a successful shoe manufacturing business, setting the stage for the family's future wealth.
Rise to Success
The Alfond family's wealth significantly increased when Harold Alfond sold Dexter Shoe to Warren Buffett's Berkshire Hathaway in 1993 for $433 million in stock. This strategic move proved to be incredibly lucrative as Berkshire Hathaway shares appreciated over the years. The family's continued ownership of Berkshire Hathaway stock has solidified their position among the wealthiest individuals in the United States. The sale of Dexter Shoe to Berkshire Hathaway would be later called the worst deal Buffett ever made.
Philanthropy
Susan Alfond, like her family, is deeply involved in philanthropic endeavors. The family's commitment to giving back is evident in their support of various causes, including education, healthcare, and youth programs. They have made significant contributions to educational institutions, healthcare facilities, and community organizations, primarily in Maine.
Career Milestones
Her key career milestone is being the daughter of the founder of Dexter Shoe and the beneficiary of a deal with Warren Buffet. She is the richest person in Maine
