Billionaire Profile
Bennett Dorrance
Global Rank
#1549

Image: Chanel Wheeler | CC BY-SA 2.0 | via Wikimedia Commons

Bennett Dorrance

CEO, Campbell Soup
UNITED STATES
Real-Time Net Worth
$2.658B
Estimated based on Campbell Soup stock value as of March 6, 2026
+0.56% (24h)
Age
79
Source
Campbell Soup
Industry
food-beverage
Citizenship
UNITED STATES

Biography

Bennett Dorrance, a prominent figure in the food and beverage industry, holds an estimated net worth of $3.3 billion as of June 2024. As the grandson of John T. Dorrance, the inventor of condensed soup, his wealth stems primarily from his 15% stake in Campbell Soup Company. Dorrance served on the Campbell Soup Company board for 33 years, retiring in 2022. Residing in Paradise Valley, Arizona, he is also a founding partner of DMB Associates, a real estate development firm, and is involved in various philanthropic endeavors. He holds a Bachelor of Arts from the University of Arizona and is known for his contributions to the company's legacy and his entrepreneurial expertise.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Bennett Dorrance was born circa 1945. He is the grandson of John T. Dorrance, who revolutionized the food industry with the invention of condensed soup. Bennett's upbringing was rooted in a family deeply connected to the Campbell Soup Company, shaping his future involvement in the company. He attended the University of Arizona and graduated with a Bachelor of Arts.

Rise to Success

Dorrance's rise to prominence is closely tied to his family's legacy in the Campbell Soup Company. He inherited a significant stake in the company, becoming a major shareholder and board member. His long tenure on the board, spanning 33 years until his retirement in 2022, reflects his dedication to the company and its heritage. Dorrance also played a key role in real estate development through DMB Associates.

Key Business Strategies

Dorrance's strategic approach involves a blend of family stewardship and entrepreneurial ventures. His long-term commitment to Campbell Soup Company, demonstrated by his board service, signifies his dedication to protecting and growing the company's legacy. Additionally, his involvement in DMB Associates reflects an interest in real estate development and community building.

Philanthropy

Dorrance is involved in philanthropy, primarily through the Dorrance Family Foundation. The foundation focuses on initiatives related to natural resources, conservancy, sustainable agriculture, and children's health, with a particular emphasis on Southern California and Hawaii. The Dorrance Scholarship Program, established in 1999, has supported over 150 first-generation college students in Arizona.

Career Milestones

1989

Joined Campbell Soup Company Board of Directors

Began a 33-year tenure on the board, contributing to the company's growth and protecting its legacy.

1993-1996

Vice-Chairman of Campbell Soup Company

Served as Vice-Chairman, further contributing to the company's strategic direction.

1999

Established Dorrance Scholarship Program

Launched a program to support first-generation college students in Arizona.

2022

Retired from Campbell Soup Company Board of Directors

Ended a 33-year term on the board, marking the end of his direct involvement in the company.

Philanthropy & Social Impact

Philanthropy

Dorrance Family Foundation

$XB

Supports education, natural resource conservation, and programs to improve the quality of life in Arizona, California, and Hawaii.

Education

Dorrance Scholarship Program

$XB

Provides scholarships to first-generation college students in Arizona.