John Dorrance III
John Dorrance III is an American-born Irish billionaire businessman and Campbell’s Soup heir. He is also known as “Ippy” Dorrance.
- John Dorrance is an heir to the Campbell’s Soup fortune; his grandfather invented Campbell’s formula for condensed soup.
- His relatives are still the company’s largest shareholders, but he sold his stake in the mid-1990’s and emigrated to Ireland.
- His move was presumably timed to avoid capital gains taxes when he sold his Campbell’s stake.
- The Irish government reportedly gave Dorrance citizenship in 1995 when he spent $1.5 million planting trees.
