John Dorrance Iii Net Worth is$2.4 Billion
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Nicknames: Island of Ireland
John Dorrance, III net worth: John Dorrance, III is an Irish billionaire who has a net worth of $2.4 billion. John Dorrance, III, being the grandson of Campbell soup founder, John Dorrance I, made his fortune after he cashed out the family business. In a one-year period, from 1995 to 1996, he sold much of his inherited 10.5% stake in Campbell Soup for $1.5 billion. Thus he made a well-timed bet right before the stock plunged. Another smart step he took was renouncing US citizenship and moving to Ireland shortly before he did the selling, in order to avoid estate and capital gains taxes on coming windfall. Since then, he has led a quiet life in the south part of Ireland's capital Dublin, from time to time going to the Bahamas with his Finish wife. In the past, he joined various movements to legalize game ranching in Wyoming and fox hunting in Great Britain.
John Thompson Dorrance (November 11, 1873 a?? September 21, 1930) was an American chemist who discovered a method to create condensed soup and served as president of the Campbell Soup Company from 1914 to 1930.
Born in Bristol, Pennsylvania, he earned a Bachelor of Science from the Massachusetts Institute of Technology, where he was a member of Sigma Alpha Epsilon fraternity,[citation needed] and a Doctor of Philosophy from the University of GA?ttingen in Germany. A nephew of the general manager of the Joseph Campbell Preserve Company, he went to work there in 1897 and invented condensed soup.
Dorrance went on to become the president of Campbell Soup Company from 1914 to 1930, eventually buying out the Campbell family. He turned the business into one of America's great, and longest-lasting, brands. He was succeeded by his brother, Arthur Dorrance. In 1906 he married Ethel Mallinckrot, with whom he had five children.
Dorrance died on September 21, 1930 of heart disease at his home in Cinnaminson Township, New Jersey. He was buried in West Laurel Hill Cemetery in Bala Cynwyd, Pennsylvania. His estate in Radnor Township, Pennsylvania is now the home of Cabrini College.
In 2012, Dorrance was elected into the New Jersey Hall of Fame.

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John Dorrance Iii Latest News

Stop Those Billionaires At The Border!

In Ireland, where Campbell Soup heir John Dorrance III relocated recently, it is 2 percent. Long-term capital gains taxes are 28 percent in the United States. They are zero in the Bahamas, where Sir John Templeton repatriated to in 1962. That move saved ...
Posted: January 1, 2001, 3:59 am

Denis O’Brien and Dermot Desmond among five Irishmen on Forbes rich list

FIVE IRISHMEN INCLUDING media tycoon Denis O’Brien and the financier Dermot Desmond have made the annual Forbes Rich List which is once again topped ... The next Irishman on the list is John Dorrance III, the man behind Campbell Soup, who has a net ...
Posted: March 5, 2013, 12:39 am

Wyoming Rancher Battles State Over Plans for Exotic Animals

CHEYENNE, Wyo. — Millionaire rancher John T. Dorrance III is battling the state of Wyoming over the concept of exotic game ranching. Some wildlife managers predict that game ranching will be an issue of increasing controversy in Western states in the ...
Posted: July 19, 2010, 3:41 am
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