John Dorrance III
John Dorrance III | |
|---|---|
| Born | 1943 or 1944 (age 79–80)[1] US |
| Nationality | Irish |
| Known for | Campbell's Soup heir |
| Spouse | married |
| Children | 2 sons |
| Parent | John T. "Jack" Dorrance Jr |
| Relatives | John 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 November 2015, 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. He paid $1.5 million to plant trees there and in return was given Irish citizenship. 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 2 percent, rather than 55 percent in the United States."[2]
He is married with two children and lives in Dublin.[1]
References
- ^ a b c d e "John Dorrance III". Forbes. Retrieved 7 November 2015.
- ^ 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". Philadelphia Inquirer. Retrieved 8 November 2015.