Billionaire Profile
Mary Alice Malone Jr
Global Rank
#2562

Image: Public domain | via Wikimedia Commons

Mary Alice Malone Jr

CEO, Campbell Soup Company
US
Real-Time Net Worth
$1.4B
As of December 2025
Age
42
Source
Campbell's Soup
Industry
food-beverage
Citizenship
US

Biography

Mary Alice Malone Jr. is a prominent figure, currently serving on the board of The Campbell's Company, and is known for her deep family ties to the Campbell's Soup legacy. As the great-granddaughter of John T. Dorrance, the inventor of condensed soup, she brings a profound appreciation for the company's history. She is the founder and Chief Brand Director of the luxury footwear brand Malone Souliers, founded in 2014, and relaunched the UK footwear brand Duo Boots in 2020. Her background blends business acumen with creative insights, making her a key contributor to the company. She inherited an 18% stake in Campbell's Soup Company. Her estimated net worth is $1.4 billion.

Wealth Over Time

In-Depth Profile

Early Life

Mary Alice Dorrance Malone Jr., born February 3, 1950, is the great-granddaughter of John T. Dorrance, the chemist who revolutionized the food industry with his condensed soup formula in 1897. She is the daughter of John T. Dorrance Jr. and Angeline Carter Ferguson Dorrance. She grew up in Chester County, Pennsylvania, a family steeped in both business success and a connection to rural traditions.

Rise to Success

Her family's connection to the Campbell Soup Company has been a defining aspect of her life. Her grandfather's invention turned Campbell's into a global powerhouse, with the family maintaining control for over 150 years. Mary Alice Jr. inherited approximately one-third of the company shares after her father's death in 1989. Mary Alice became the largest shareholder. In 2025 she was listed as the world's 887th-richest person.

Key Business Strategies

Mary Alice has leveraged her family's history and her own entrepreneurial ventures. She is the founder and Chief Brand Director of Malone Souliers, a luxury footwear brand with global distribution, founded in 2014. Also, she acquired and relaunched the U.K.-based Duo Boots in 2020. She replaced her mother on the Campbell's board in July 2025. She is known for her blend of creative and analytical skills.

Philanthropy

Mary Alice has been involved with The Roemer Foundation. She is also the president of Iron Spring Farms, a horse breeding and training company in Coatesville, Pennsylvania and Florida.

Career Milestones

2014

Founder of Malone Souliers

Founded luxury footwear brand with global distribution.

2020

Relaunched Duo Boots

Acquired and relaunched the UK-based footwear brand.

2025

Elected to Campbell's Board of Directors

Joined the board of directors after her mother's death.

Philanthropy & Social Impact

Charity

The Roemer Foundation

Undisclosed

Nonprofit charitable organization.