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John Dorrance III

From Wikipedia, the free encyclopedia

John Dorrance III
Born1943/1944 (age 76–77)[1]
US
NationalityIrish
Known forCampbell's Soup heir
Net worthUS$2.6 billion (September 2019)[1]
Spouse(s)Married
Children2 sons
Parent(s)John T. "Jack" Dorrance Jr
RelativesJohn Thompson Dorrance (grandfather)

John Dorrance III (born 1943/1944) is an American-born Irish billionaire businessman and Campbell's Soup heir. He is also known as "Ippy" Dorrance.

Early life

He is the son of John T. "Jack" Dorrance Jr. (1919–1989), and grandson of John Thompson Dorrance.[1][2]

Career

As of September 2019, Forbes estimated his net worth at US$2.6 billion.[1]

Personal life

For 15 years he lived on a ranch in Wyoming, before moving to Ireland. The Philadelphia Inquirer reported that, "In Ireland, he can pay half the 30 percent U.S. tax rate on dividends, and when he dies, his estate will be taxed at 35 percent, rather than 55 percent in the United States."[2]

He is married with two children and lives in Dublin.[1]

References

  1. ^ a b c d e "Forbes profile: John Dorrance, III". Forbes. Retrieved 25 September 2019.
  2. ^ a b Warner, Susan (September 21, 1996). "Heir Sells 14 Percent Of Stake In Campbell John T. Dorrance 3d Was A Staunch Supporter Of Family Control. Now, He's Sold At Least $244 Million Worth Of Shares". The Philadelphia Inquirer. Retrieved 8 November 2015.
This page was last edited on 29 December 2020, at 04:19
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