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

Facebook's Eduardo Saverin gives up citizenship: Shrewd tax move?

In the mid-1990s John Dorrance III, heir to the Campbell's Soup fortune, renounced his U.S. citizenship and moved to Ireland before selling his 10.5% stake in the family business.
Posted: May 12, 2012, 12:17 am

Plenty of Old Money, but Not Much Limelight

John T. Jr., known as Jack, was the last Dorrance to run Campbell. His three children split about a third of the company when he died in 1989. The eldest son, John III, whose main claim to fame was his decision in the mid-90's to become an Irish citizen in ...
Posted: July 29, 2000, 6:00 pm

Emily Mayer

In addition to her parents, she is preceded in death by her husband of 39 years, Henry Christian Mayer IV; son-in-law Charles Kenneth Cheezem Jr.; brother, George Morris Dorrance, Jr.; and nephew George Morris Dorrance III. She was a lover of photography ...
Posted: June 30, 2017, 5:00 pm

Panama Papers, Campbell Soup and the American way

Like his father, John Thomas Dorrance III, John Thomas Dorrance IV relinquished his U.S. citizenship in 2003, the Internal Revenue Service reports. It’s something rich people do to avoid U.S. taxes. Dorrance didn’t responded to reporters working on the ...
Posted: April 8, 2016, 4:00 am

Campbell heir sells shares

Grandson of soup company founder unloads 9 million shares for $720M NEW YORK (CNNfn) -- John Dorrance III, the grandson of the founder of Campbell Soup Co. and a major shareholder in the company, Thursday sold 9 million shares. The trade ...
Posted: October 30, 1996, 4:00 pm
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