Bennett Dorrance Net Worth, Biography, Business, Wife & Kids

Bennett Dorrance Net Worth   $2.6 Billion

Bennett Dorrance is a businessman and investor from the United States of America. According to Forbes magazine, he currently has a fortune of over 2 billion dollars.

For many decades, he has been very active in the business stage, seizing almost any business opportunity he deems potentially profitable once they present themselves, while also paying candid attention to the investments owned by his family.

Mr. Bennett is popular for his relationship with the reputed Dorrance family particularly due to him being the grandson of John T. Dorrance, the late billionaire who invented condensed soup and started the Campbell Soup company.

Since 1989, Bennett has been an important part of the company by being on the board of the company. Today, he owns 15 percent of the company’s total shares.

The company, Campbell Soup, is actually considered all over the world as the largest maker of soup. It has earned a total revenue of more than $8 billion according to popular reports, and also owns popular commercial brands that include Pepperidge Farm (Goldfish and cookies), Swanson, Pace (salsa), and V8 (vegetable juice).

In addition to his roles at Campbell Soup, Mr. Bennett Dorrance also works for DMB Associates where he occupies the position of managing director.

He is one of the brilliant minds that founded DMB Associates, which is a real estate development firm based in Arizona.

The primary area of interest of the real estate company is planned communities. To also mention, Mr. Bennett also sits on the board of Insight Enterprise, an Arizona-based IT consulting firm that is currently worth more than $2 billion. More details follow below.

Early Life: Childhood, Education

He was born in Arizona in the United States of America in the year 1946 and was brought up alongside his siblings in an affluent family, as his parents were successful businesspeople. His grandfather, John Dorrance, founded the now successful Campbell Soup Company.

After completing his high school studies, he joined the University of Arizona from which he graduated with a Bachelor of Arts degree.

Professional Life: Business Career

Bennett Dorrance has been a businessman for most of his professional life. Since 1989, he has served on the board of Campbell Soup Company.

Today, he owns 15 percent of the company’s total shares. Campbell Soup is considered the largest soup maker in the world with total revenue of more than $8 billion to date.

Some of its popular commercial brands are Pepperidge Farm (Goldfish and cookies), Swanson, Pace (salsa), and V8 (vegetable juice).

Mr. Dorrance also works for DMB Associates where he occupies the position of managing director. He is one of the founders of DMB Associates, which is a real estate development company that has its headquarters in Arizona and primarily concentrates on planned communities.

Mr. Dorrance is a founding partner of DMB and the companies affiliated with it. He also serves on the Board of Directors of the genomics research corporation, TGen.

Likewise, he maintains active roles on the boards of such organizations as Insight Enterprises, Inc., and The Nature Conservancy Arizona. He is also active in a number of civic, professional, and community organizations.

This businessman is also reputed to have been involved as a board member of the Desert Botanical Garden, Phoenix Country Day School, the American Graduate School of International Management, and Thunderbird.

Nowadays, he is mainly involved in the daily operations of the Campbell Soup Company and runs it along with his sister.

Personal Life: Wife, Children, Private Interest

A jovial and friendly businessman who is well-loved at his workplace and nearly everywhere else, Mr. Dorrance is happily married and resides in Arizona with his wife and their two children.

He is an avid golfer who also likes to read books and travel around the country if not too busy with work duties.

Mr. Dorrance also created the “Dorrance Scholarship award” to give $65,000 to selected Arizona students in 2011 who were the first members of their families to get a college degree.

Bennett Dorrance Net Worth: Salary, Income Sources, Assets

Mr. Bennett Dorrance’s net worth is estimated at 2.6 billion dollars, thanks to his successful profession as a businessman which has highly favored him ahead of many of his peers in business around the world.

Although he now maintains several roles in a number of significant businesses and organizations in the United States, Mr. Bennett inherited his wealth from his grandfather, John T Dorrance, who founded the very successful soup maker Campbell’s Soup.

Presently, Bennett Dorrance sits on the board of the Campbell Soup Company with his sister, Mary Alice Dorrance Malone, who also inherited a share of the company from their grandfather. The company turns a profit of approximately $8 billion annually, and Bennett holds a 15 percent share in it.