Rank #1345
John Dorrance III
Net worth $3.2B
Campbell Soup · Ireland
- Born
- Jan 01, 1944
- Age
- 82
- Source
- Campbell Soup
- Residence
- Dublin
- Citizenship
- Ireland
- Marital status
- Married
- Children
- 2
- Education
Net worth over time
Biography
- John Dorrance is an heir to the Campbell's Soup fortune; his grandfather invented the Campbell's formula for condensed soup.
- His relatives are still the company's largest shareholders, but he sold his stake in the mid-1990's and emigrated to Ireland.
- His move was presumably timed to avoid capital gains taxes when he sold his Campbell's stake.
- The Irish government reportedly gave Dorrance citizenship in 1995 when he spent $1.5 million planting trees.