What is Bennett Dorrance’s Net Worth?
Bennett Dorrance, an American businessman and real estate developer, has an estimated net worth of $3.3 billion, according to Celebrity Net Worth. He is recognized as one of the wealthiest individuals in Arizona. Dorrance inherited a significant portion of his wealth from his grandfather, who was the founder of the highly successful Campbell’s Soup Company.
Table: Bennett Dorrance’s Profile
| Category | Information |
|---|---|
| Net Worth | $3.3 billion |
| Salary | N/A |
| Birthdate | N/A |
| Birthplace | N/A |
| Gender | Male |
| Height | N/A |
| Profession | Businessman, Real Estate Developer |
| Nationality | American |
Highlights
– Bennett Dorrance has a net worth of $3.3 billion, making him one of the richest individuals in Arizona.
– He inherited his wealth from his grandfather, who founded the successful Campbell’s Soup Company.
– Dorrance is involved in real estate development through his firm, DMB Associates.
– He created the Dorrance Scholarship award to support Arizona students who are the first members of their families to attend college.
– Dorrance’s wealth comes from his ownership stake in Campbell’s Soup Company and his real estate holdings.
Early Life
Bennett Dorrance’s early life details are not readily available. However, he obtained a Bachelor of Arts degree from the University of Arizona. His family background played a crucial role in shaping his financial journey. His grandfather, whose invention of condensed soup revolutionized the food industry, laid the foundation for the family’s immense wealth.
Career
Dorrance is actively involved in both the business and real estate sectors.
He serves on the board of the Campbell’s Soup Company alongside his sister, who also inherited a portion of the company. Campbell’s Soup Company has expanded over the years and includes popular brands such as Pace Salsa, V8 Juice, Swanson broths, and Pepperidge Farm cookies. The company generates an annual profit of approximately $7.7 billion.
In addition to his involvement with Campbell’s Soup Company, Dorrance runs DMB Associates, a real estate development firm. DMB Associates primarily focuses on planned community developments in Arizona. Through his ventures, Dorrance plays a significant role in shaping the real estate landscape of the state.
Personal Life
Information regarding Bennett Dorrance’s personal life, including his birthdate, birthplace, and height, is not publicly available. Dorrance prefers to maintain a low profile and direct the attention towards his business and philanthropic activities.
Net Worth Over Time
Bennett Dorrance’s net worth has experienced considerable growth over time. As an inheritor of a substantial stake in the Campbell’s Soup Company, his wealth has benefited from the company’s success and expansion. Additionally, his real estate development ventures contribute to the growth of his net worth.
Components of Net Worth
The components of Bennett Dorrance’s net worth include his ownership stake in the Campbell’s Soup Company and his real estate investments. He holds a significant share in the company, which continues to generate substantial profits. Dorrance’s real estate development firm, DMB Associates, adds to his net worth through successful projects and investments in the booming Arizona market.
Overall, Bennett Dorrance’s net worth of $3.3 billion solidifies his position as one of Arizona’s wealthiest individuals. His contributions to the Campbell’s Soup Company and his achievements in the real estate industry highlight his business acumen and entrepreneurial spirit. Dorrance’s philanthropic efforts, including the establishment of the Dorrance Scholarship award, showcase his commitment to supporting education and helping Arizona students achieve their goals.