Early Life
John T. Dorrance III, known as "Ippy" Dorrance, was born in 1943 or 1944. He is the son of John T. "Jack" Dorrance Jr. and the grandson of John Thompson Dorrance, who founded the Campbell Soup Company. The Dorrance family has a long-standing legacy with the company, and John III is a direct heir to this wealth.
Rise to Success
John Dorrance III's wealth is primarily derived from his inheritance of the Campbell's Soup fortune. His grandfather, John Thompson Dorrance, revolutionized the company with the invention of condensed soup. In the mid-1990s, he sold his 10.5% stake in Campbell Soup, before relocating to Ireland.
Key Business Strategies
Dorrance's strategic move to sell his Campbell Soup stake and relocate to Ireland in 1995-1996 was likely influenced by tax considerations, as Ireland offered more favorable tax rates. He invested in a tree-planting initiative to gain Irish citizenship.
Philanthropy
Details on John Dorrance III's specific philanthropic initiatives are not readily available in the search results. However, his wealth suggests the capacity for philanthropic endeavors.