Mary Alice Dorrance Malone Net Worth, Biography and Career

Mary Alice Dorrance Malone Net Worth  $3 billion

American billionaire businesswoman and heiress Mary Alice Dorrance Malone, who is reported by Bloomberg Billionaires Index to currently own a fortune of 3 billion dollars, is, beyond doubt, one of the most hardworking and dedicated women in business.

The result of her efforts is her status as the wealthiest woman in Pennsylvania. She has made most of her huge wealth from Campbell Soup which her late grandfather, John T. Dorrance, established many years ago.

She has been on the board of Campbell Soup for more than 20 years and currently leads the investments front as the largest shareholder in the company. Her brother, Bennett Dorrance, is also a member of the board.

The company, Campbell Soup, is considered as the leading soup company in the world and is popular to own brands like Swanson, Pace, Pepperidge Farm, and V8. The company has also completed a number of important acquisitions during the years, enabling it to strengthen its business holdings and sales while also boosting revenue beyond measures.

Born in 1950, the businesswoman attended the University of Arizona from which she graduated with her Bachelor of Arts/Science degree before moving on to find a befitting place for herself in the business world.

She is a divorced mother of two children, known for her side activities such as breeding horses on her thousand-acre property called Iron Spring Farm. More details follow below.

Early Life: Childhood, Education

Mary Alice Dorrance Malone was born and raised in Pennsylvania, United States of America where she currently lives and works. Her father, John T. “Jack” Dorrance Jr, who died in 1989, was the last Dorrance to run the Campbell Soup company. Her granddaughter, John Thompson Dorrance, was the founder of the company with which Mary is known and associated with.

She attended the University of Arizona, graduating with her bachelor’s degree before going ahead to start building her career, starting with the family’s business.

Professional Life: Entrepreneurial Career

When her father died in 1989, Mary Alice Dorrance and her two brothers inherited and shared roughly one-third of the Campbell Soup Company, with her being the company’s largest shareholder.

She serves on the board of the company along with her younger brother named Bennett Dorrance, who is a Phoenix real estate developer as well. Her other brother, John Dorrance III, is also linked to the company as an executive.

Campbell Soup

The Campbell Soup Company is a successful processed food and snack company based in the united states. The company is most closely associated with its sensational canned soup products; however, through key acquisitions of several businesses and subsequent mergers, it has grown to become one of the largest processed food corporations in the United States.

With a wide variety of items under its iconic Campbell’s brand as well as other brands like Snyder’s of Hanover, V8, Swanson, and Pepperidge Farm. Under its brands, Campbell’s makes soups and other snacks, canned meals, baked goods, and beverages.

Personal Life: Marriage, Children, Private Interests

Mary and Stuart Malone were married for several years until they divorced in the mid-1990s. She has two children and resides in Coatesville, Pennsylvania.

Mary Alice is devoted to equestrian sports. She owns and manages expansive estates and performance centers in Florida and Pennsylvania. She also owns an oceanfront home in Barnegat Light, New Jersey, which she purchased in 2006.

In 2009 she was involved in a blackmail scandal by Agnes O’Brien, a horse trainer, and caterer who was close to Mary Alice and had been renting a home from the businesswoman for years. O’Brien blackmailed Mary after she was ejected from a rental home that was owned by Malone.

She went on to threaten to write a tell-all book about the businesswoman, Mary Alice Dorrance Malone. She wanted Malone to pay her the sum of $250,000 a year for life and allow her to stay at Malone’s rental property.

Mary Alice Dorrance Malone Net Worth: Salary, Income Sources, Assets

Positioned as the richest resident of Pennsylvania, Mary Alice Dorrance Malone, one of the most recognized billionaires in the United States, is currently worth more than 3 billion dollars.

Her net worth has all been earned from her connection to the Campbell Soup Company that her grandfather founded and passed down to her father, who later passed it down to her and her brothers upon his death some years ago.

Campbell Soup was founded in the year 1869 and has survived for over a century. Remarkably, Mary Alice is giving her all to the company ensuring that the legacies of her ancestors are preserved for more generations to come.

Today, Mary Alice is also concerned with the Camden, New Jersey-based company where she works as a board member. She is also the company’s largest shareholder and manages the family business along with two of her brothers. Campbell Soup is the world’s largest soup maker and is known to post annual revenues of more than 8 billion dollars.