Billionaire Profile
Bennett Dorrance
Global Rank
#1353

Image: Public domain | via Wikimedia Commons

Bennett Dorrance

CEO, Campbell Soup Company
US
Real-Time Net Worth
$2.96B
As of December 2025
Age
79
Source
Campbell Soup
Industry
food-beverage
Citizenship
US

Biography

Bennett Dorrance, born in 1947, is an American billionaire, the grandson of John T. Dorrance, the inventor of condensed soup. He inherited his wealth through his stake in Campbell Soup. With a career spanning over three decades on the Campbell Soup board, Dorrance provided invaluable insights into the company's history and culture. He is also the founder of DMB Associates, a real estate development firm. Dorrance is known for his philanthropic efforts, particularly the Dorrance Scholarship program, which supports first-generation college students in Arizona. As of November 30, 2025, his net worth is estimated at $2.96 billion.

Wealth Over Time

In-Depth Profile

Early Life

Bennett Dorrance was born in 1947. He is the grandson of John T. Dorrance, the chemist who invented the condensed soup process, which revolutionized the food industry. The Dorrance family played a pivotal role in the establishment and growth of Campbell Soup Company. Bennett's father, John T. Dorrance Jr., also served as a former chair of the company.

Rise to Success

Bennett Dorrance's wealth stems from his significant ownership stake in Campbell Soup Company, a company founded by his grandfather. He served on the Campbell Soup Company board for 33 years, retiring in 2022. Dorrance is also a founding partner of DMB Associates, a real estate development firm with projects across Arizona, California, and Hawaii. His extensive knowledge of Campbell’s history and operations has made him a key figure in the company’s legacy.

Key Business Strategies

Dorrance's business acumen is evident through his involvement in DMB Associates, which specializes in developing planned communities. He has also provided entrepreneurial expertise to Campbell Soup during his tenure on the board. His long-term shareholding and commitment to the success of the business reflect his dedication to maintaining the legacy of his grandfather and father.

Philanthropy

Bennett Dorrance, along with his wife, Jacquelynn, established the Dorrance Scholarship, supporting first-generation college students in Arizona. This scholarship, founded in 1999, provides financial assistance and mentorship to help students achieve their educational goals. The Dorrance Family Foundation also supports organizations based in Arizona, California, and Hawaii, including those focused on natural resources and conservation.

Career Milestones

1989

Joined Campbell Soup Board of Directors

Began his long tenure on the board, providing guidance and expertise.

1999

Established Dorrance Scholarship

Founded a scholarship program supporting first-generation college students.

2022

Retired from Campbell Soup Board

Ended a 33-year stint on the board of directors.

Philanthropy & Social Impact

Education

Dorrance Scholarship Program

$XB

Provides scholarships to first-generation college students in Arizona.