Early Life
Bennett Dorrance was born in 1946. He is the grandson of John T. Dorrance, who invented the process for condensed soup and was instrumental in the success of Campbell Soup Company. Bennett graduated from the University of Arizona with a Bachelor of Arts degree.
Rise to Success
Bennett Dorrance's wealth stems primarily from his 15% stake in Campbell Soup, a company he inherited through his family. He served on the Campbell Soup board of directors for 33 years, retiring in 2022. Dorrance is also a founding partner of DMB Associates, a real estate development firm with projects in Arizona, California, and Hawaii. He is also involved in other ventures and sits on the board of other organizations.
Key Business Strategies
Dorrance's long tenure on the Campbell Soup board demonstrates his commitment to the company's success and his understanding of its history and culture. As a major shareholder, he has been dedicated to the long-term interests of Campbell's, helping to guide management through various chapters of its evolution. His experience in real estate development through DMB Associates has likely provided him with additional business acumen.
Philanthropy
Bennett Dorrance, along with his wife Jacquelynn, established the Dorrance Scholarship Program in 1999. This program has supported over 150 first-generation college students in Arizona. The Dorrance Family Foundation also provides grants to various organizations. The foundation has supported numerous nature conservancy organizations, Arizona State University, and the National Audubon Society.