Source of Wealth:Inheritance, Campbell Soup
Full Name:John Dorrance III
Occupation:Heir of Campbell Soup
About John Dorrance III
Irish billionaire John Dorrance III is the Campbell’s soup heir and he has an estimated net worth of $2.7 billion as of April 2016 according to Forbes. He is the third richest person in Ireland and the 613th in the world.
Mr. Dorrance is the grandson of Campbell founder John Dorrance. He earned his estimated net worth of $2.7 billion when he sold his 10.5% share of the company in 1995-1996 for $1.5 billion. He cashed out on the perfect time, just before the stock has plunged.
In 1994, John Dorrance III renounced his U.S. citizenship and moved to Ireland in order to avoid paying estate and capital gains taxes on coming windfall. Since then, he has lived quietly in South Dublin and visits the Bahamas from time to time along with his Finnish wife. Before his move to Ireland, he used to join several movements in order to legalize game ranching in Wyoming and fox hunting in Great Britain.
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