John Dorrance III
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.
John Dorrance III | |
|---|---|
| Born | 1943/1944 (age 76–77)[1] US |
| Nationality | Irish |
| Occupation | Heir |
| Known for | Campbell's Soup heir |
| Net worth | US$2.6 Billion (February 2021)[1] |
| Spouse(s) | Married |
| Children | 2 sons |
| Parent(s) | John T. "Jack" Dorrance Jr |
| Relatives | John Thompson Dorrance (grandfather) |
Early life
He is the son of John T. "Jack" Dorrance Jr. (1919–1989), and grandson of John Thompson Dorrance.[1][2]
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
- "Forbes profile: John Dorrance, III". Forbes. Retrieved 2 February 2021.
- 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.
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