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There are 10+ professionals named "John Dorrance", who use LinkedIn to exchange information, ideas, and opportunities. Explore how the celebrity world connects. Free shipping for many products! He is the son of John T. "Jack" Dorrance Jr. (19191989), and grandson of John Thompson Dorrance. The records cover more than 80 years up to 2020 and link to people and companies in more than 200 countries and territories. [2], Another son of John Dorrance, Sr., Arthur was an early investor and manager of the Campbell Soup Company. You can download a raw copy of the database here. From online or printed sources and from publicly accessible databases. But for all his apparent wealth, Jack Dorrance did not face the same estate problems as his three children do now. Although everyone's aware of the hefty income tax, the inheritance tax currently reaches 55 percent on estates worth $3 million or more. Ippy Dorrance, in particular, eschews publicity. "He's not prepared to respond at all," said John Hickson, his attorney in Dublin. He keeps so much to himself that he doesn't make it known who his friends are, deliberately.". And now Ippy Dorrance is facing estate-planning problems of his own. Space-X continues to reach for the stars. John Dorrance has filed for patents to protect the following inventions. Visa and Passport Walk into the distinctive, cylindrical U.S. Embassy building in Dublin and sign a one-page oath: "I hereby absolutely and entirely renounce my United States nationality, together with all rights and privileges and all duties of allegiance and fidelity.". If anyone could understand Ippy Dorrance's decision to give up his citizenship, it would have been his grandfather. We take account of the fall in the markets in his latest listing. The following suggestions will help any gift giver find things to please everyone on their list whilst also helping to move us toward a more inclusive society. At nearly 10,000 square-feet of living space on over three-and-one-half-acres, the home bears its ornithological moniker from its many bird-inspired design elements throughout. They have also lived in Madison, WI and New Orleans, LA. For them, U.S. citizenship can carry too high a price. TAGGED Bar Harbor, Campbell's, Campbell's Soup, House Tour, Maine, Newport, Pennsylvania, Rhode Island / Leave a Comment, About Sothebys International Realty Affiliates LLC. Although Dorrance won't discuss publicly why he moved, Ireland's exceptional tax relief is a powerful draw for the monied set. Select this result to view John Hier Dorrance's phone number, address, and more. Since then, he has lived quietly in South Dublin and visits the Bahamas from time to time along with his Finnish wife. He paid $1.5 million to plant trees there and in return was given Irish citizenship. Representing Approximately 41 Percent of Shares Outstanding CAMDEN, N.J.-(BUSINESS WIRE)-Oct. 17, 2018- Campbell Soup Company (NYSE:CPB) announced that four shareholders, all descendants of Dr. John T. Dorrance, the inventor of Campbell's condensed soup, each separately notified the Chairman of the Board on behalf of themselves and certain family members of their intention to vote for In the early 1940s, the home belonged to Tristram and Ethel Colket; before marrying Tristram, Ethel bore the surname Dorrance as she was daughter of John Thompson Dorrance, co-founder of the Campbell Soup Company. Whats the right word? In a move that had longstanding impact, be bequeathed to his son Jack double the stake in the soup giant he left his daughters,. Friends and business associates say he plays down his billionaire status. Dorrance is a founding partner of DMB Associates, a real estate development firm with projects in Arizona, Utah, California and Hawaii. In 1993, the first year of Clinton's "soak the rich" presidency, 306 individuals officially and legally renounced their American citizenship and moved to financially less restrictive locations such as Ireland, Switzerland and the Caribbean. The grandson of John T. Dorrance, the inventor of condensed soup, Bennett Dorrance owns a 15% stake in Campbell Soup. Please enable JavaScript in your browser's settings to use this part of Geni. Whether its the comfort offered in a classic flavoror afamed modernist masterpieceby Andy Warhol, the Campbell Soup Company and their iconic can are pop-cultural and culinary staples. Dorrance, 76, known as Ippy, had sold his stake in the American company by 1996, making 1.2bn, although members of his extended family still hold more than 40% of the 13bn company and his investments should be worth at least 2.6bn. [5][6] John Thompson Dorrance's grandson, also known as John Dorrance III, sold his share of the company in 1995-96 for about $1.5 billion, and with a 2009 net worth of $2.3 billion was listed as number 296 in the Forbes list of the world's richest people.[7]. However, we will not accept responsibility or liability for any mistake or omission on any of the information contained on this page. In addition to the lack of an estate tax, St. Kitts-Nevis and the Cayman Islands don't even impose an income tax. The Ugandan Embassy is located in the capital city of Bahamas and may (may not) provide the same services of the Ugandan consulate located in another city. We depend on the generous support of readers like you to help us expose corruption and hold the powerful to account. Dorrance had been sole owner of Campbell when he passed in 1930. It is a respectable neighborhood but not a place where a newcomer would move if he wanted to make a big splash. As covered inMansion Global, the home is truly an iconic piece of Bar Harbors legacy. Dec 2012 - Oct 20174 years 11 months. State-of-the-art in every aspect, from geothermal heating and cooling to exquisitely crafted details and top-of-the-line amenities, the soaring two-story entrance hall and living room with floor-to-ceiling stone fireplace enjoy panoramic ocean views. Now, He's Sold At Least $244 Million Worth Of Shares", https://en.wikipedia.org/w/index.php?title=John_Dorrance_III&oldid=1107395700, People who renounced United States citizenship, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 29 August 2022, at 19:54. Career As of November 2015, Forbes estimated his net worth at US$2.6 billion. http://www.therichest.com/celebnetworth/celebrity-business/men/john POSTED: July 09, 1995 DUBLIN, Ireland In the heather-cloaked Wicklow Mountains, an American billionaire has planted hundreds of young spruce trees to turn a barren valley of scrub and rock into a forest. Dorrance refused repeated requests for an interview. Dorrance's sons inherited the mansion and John, Jr. bought out his brother in 1879. He is also known as "Ippy" Dorrance. Please do confirm personally. They also have a home in the Bahamas, where Gundel is an honorary director of the Lyford Cay Foundation, a childrens educational charity.2019: 2.6bn, 3, Each profile is listed with its Rich List. Dorrance, 76, known as "Ippy", had sold his stake in the American company by 1996, making 1.2bn, although members of his extended family still hold more than 40% of the 13bn company and his. Brad Edward White's column appears on alternative Wednesdays. Geni requires JavaScript! Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Handsome John Dorrance IV, 36, lives in some style between a home in Holland Park and Gstaad in the Swiss Alps. "He's a private individual and not an employee of the company. Neighbors say the Dorrances do not flaunt their wealth. They were together again at Sir Elton John's white-tie ball, and just last week they were arm-in-arm at the Love Ball, part of London Fashion Week at Camden's Roundhouse. Nonetheless, the new expatriates have made the clearest and most severe demonstration of their disgust with modern liberalism. . At the end of a narrow-walled lane, the magnificent manor house reveals itself, a majestic example of inspired design of breathtaking scale and symmetry. The consulate may have dedicated support for Uganda in Bahamas, or prioritize their appointments. Bahamas Leaks, Panama Papers and Offshore Leaks investigations. While millions of people around the world dream of United States passports (and all the advantages that this document affords), an elite group of Americans have studied the political and economic landscape and decided in the most forceful way that U.S. citizenship is just too expensive. In fact, for most of his life, he was barely a millionaire. It would be ironic, though, if these new refugees fled the country at just the time when America would once again embrace the economic freedom that has become so popular around the world. Lastly, we find ourselves in Bar Harbor, Maine at La Rochelle a captivating waterfront retreat and one of the villages most treasured addresses. Get a Travel insurance quote. Weather : Temp: C, , Wind m/s, hpa. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. Mr. Dorrance is the grandson of Campbell founder John Dorrance. And with that, Dorrance no longer was one of America's richest men; he was one of Ireland's. He spends most winters at his home in the exclusive community of Lyford Cay in Nassau, the Bahamas. Always cite the International Consortium of Investigative Journalists when using this data. Five years later, he's still wearing that same jacket.". By comparison, in 1982, the year after Ronald Reagan drastically lowered taxes, not even one American renounced citizenship. Subscribe to our email newsletter. Sotheby's International Realty's commitment to. It's his personal decision.". "The first time I met him, he was wearing a checked tweed jacket. Contemporary landscapes, party barns, and bespoke home cocktail bars are all the rage. But in Washington, President Clinton and many Democrats persist in deriding such people as unpatriotic. (+1 242) 362-4887Line Type : landline Last Verified : 27-02-2020 Fax: . Eleanor Winifred Hill (born Dorrance) in MyHeritage family trees (Hoarty-Beidler Family Web Site) view all 13 Immediate Family Nathaniel Peter Hill husband Dorrance "DoDo" Hamilton daughter Private child Vice Admiral Stuart Howe Ingersoll husband John Thompson Dorrance aka John . John T. Dorrance Sr., Ippy's grandfather, was a brilliant, determined, shrewd chemist who saw a way to make a fortune from something as mundane as the soup Americans served at dinner. "He hides that fact," said Maurice Ryan, who manages 1,000 acres that Dorrance is trying to reforest in Ireland. He was earning a handsome income in dividends from Campbell Soup, but the stock that had been reserved for his branch of the family by Dr. Dorrance was held in a trust. The first, known as The Bird House, is the former home Dorrance Hill Hamilton and can be found at one of the highest points in Newport, Rhode Island. For the most part, the Dorrances keep to themselves. When John, born on November 11, 1873, came to Joseph Campbell Preserve Co. at the age of 24 to work as a chemist, he brought with him a Bachelor of Arts from M.I.T. There are legitimate uses for offshore companies and trusts. Private quarters are equally inviting with family living quarters that accommodate guests for short-term or extended stays. The purpose of your intended travel (Tourist, Business, Studies or etc) and other facts will determine what type of visa is required under Uganda immigration law. Les meilleures offres pour The Collection De John T.Dorrance : Important Franais, Continental Et Anglais sont sur eBay Comparez les prix et les spcificits des produits neufs et d 'occasion Pleins d 'articles en livraison gratuite! $12,500,000 USD | Newport, Rhode Island | Gustave White Sothebys International Realty. And neighbors often saw him mending fences on his ranch with his two sons, John 4th and Charles. They live on a tree-lined street that is a mixture of genteel, old homes and newer, affordable, middle-class houses. Ippy, the eldest son of the late John T. "Jack" Dorrance 2d, wasn't always a billionaire. Irish billionaire John Dorrance III is the Campbells soup heir and he has an estimated net worth of $2.7 billion as of April 2016according to Forbes. After a seven-year romance with the son of a multi-millionaire, she is now dating the heir to a billionaire. Billionaire John "Ippy" Dorrance III, an heir to the Campbell Soup fortune, is now an Irish citizen. Explore how the celebrity world connects. That works. Appointment booking can be done via phone call during the official opening hours. Citizens of the Bahamas pay a significantly lower estate tax: zero percent. Mark Mobius, an investment manager and now a German citizen who splits his time between Hong Kong and Singapore. John T. Dorrance, president and founder of the Campbell Soup Company and originator of the canned soup industry, died of heart disease today at his home, Pomona Farm, at Cinnaminson, NJ, in his fifty-seventh year." Ugandan Honorary Consulate in Nassau, BahamasP.O. Photo by Bobby Bank/WireImage/Getty Images. John T. Dorrance, a chemist who had trained in Europe, was so determined to join Campbell that he agreed to pay for laboratory equipment out of his own pocket and accept a token salary of just $7.50 per week. Under their proposal, expatriates would have to continue paying U.S. taxes on income earned in the United States for 10 years after their departure. The Dorrance Scholarship, established by Bennett and Jacquelynn Dorrance in 1999, has supported 150-plus first-generation college students in Arizona. Please, The subscription details associated with this account need to be updated. Ireland makes it easy for men and women of Dorrance's means to become citizens. News on all your favorite celebs, reality TV, and movies. When they die, their heirs will be under pressure to sell large blocks of stock to pay estate taxes. Only after his death were the stock shares distributed directly to Jack's three children: Ippy, a rancher who lived on 18,000 acres near Devil's Tower national monument in Wyoming; Bennett, a real estate developer in Phoenix; and Mary Alice Malone, a horse breeder in Chester County. The agreement provided for the licensing of the Sotheby's International Realty name and the development of a full franchise system. Log In. He spends most of the spring and summer here, splitting his time between the family's Georgian- style home in Dublin and hunting trips in the rugged western counties. His parents were John and Eleanor (Thompson) Dorrance. Find your friends on Facebook. officejtd@yahoo.com Website: Box N-7776 Nassau Bahamas Contact Numbers (+1 242) 362-4887 email IDs officejtd@yahoo.com fax (+1 242) 362-5013 website Ambassador Head of Mission Mr John Thompson Dorrance III, Honorary Consul Working time 0 Visiting Time Facebook Link Twitter Link Instagram Link Other Detail Your Name Pennsylvania tax agents took the family to court to get its money, resulting in a trial that was front-page news and regaled a Depression-weary public with details of the Dorrances' lavish Main Line life. All relationship and family history information shown on FameChain has been compiled from data in the public domain. Please enable JavaScript in your browser's settings to use this part of Geni. Campbell Soup denies that there has been any fallout. Copyright VisaCent. He is the son of John T. "Jack" Dorrance Jr. (19191989), and grandson of John Thompson Dorrance. Donald Trumps real net worth? A licensed pilot, Dorrance owns a private hangar in Scottsdale, Arizona that sometimes houses his vintage car collection. Registered office: 1 London Bridge Street, SE1 9GF. (About that nickname: Family legend is that "Ippy" comes from his attempt as a child to pronounce the Roman numeral "III" at the end of his name.). Forbes magazine recently dubbed Ippy and his ilk the "New Refugees." While the Irish might. POSTED IN LUXURY HOME TOURS / Billionaire John "Ippy" Dorrance III, an heir to the Campbell Soup fortune, is now an Irish citizen. Most of them - especially Ippy, who is 50, Bennett, 49, and Mary Alice, 45 - have their wealth concentrated in Campbell Soup stock. Sotheby's International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Designed between 1928 and 1931 by Edmund B. Gilchrist for stockbroker Rodman Ellison Griscom, this French Norman-Style home was owned by the Dorrance family for over 50 years. Its grand-scale formal rooms offer elegant and easy, expansive or intimate entertaining spaces. On this Wikipedia the language links are at the top of the page across from the article title. Of course, the Caribbean probably represents the best deal. He earned his estimated net worth of $2.7 billion when he sold his 10.5% share of the company in 1995-1996 for $1.5 billion. The President's solution is to change tax laws so that rich Americans would have to pay a whopping capital gains tax before they could renounce their citizenship. EX-FENCING COACH AND HARVARD PARENT ACQUITTED OF BRIBERY CHARGES. But the United States has a special treaty with Ireland that cuts the tax in half. $16,500,000 USD | Gladwyne, Pennsylvania | Kurfiss Sothebys International Realty. father Ethel B. Dorrance mother Ethel Mallinckrodt Colket sister Donna, previously engaged to zoo-owner and gambler John Aspinall's entrepreneur son, Damian, has been quietly stepping out with the son of U.S.-born tycoon John Dorrance, whose family inherited 40 per cent of the Campbell Soup Company . George S. Strawbridge Jr. and Diana Strawbridge Wister are the children of Margaret, one of Dr. Dorrance's four sisters. You will find information such as contact info, email, website address, opening hours and direction to the Ugandan Honorary Consulate in Nassau. But Ippy, Bennett and Mary Alice adamantly refused. $2.5 billion, according to our most recent tally. Its red-and-white cans are a supermarket icon, a tribute to American ingenuity. Its more than understandable that living through unprecedented tumult would lead consumers to crave control. 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Son of John Thompson Dorrance, Jr. and Mary Alice Dorrance Some of the older cousins, who were worried about getting their estates in order, were pushing to sell the business. Want to keep up with breaking news? John used his academic background to create the process of condensing soups. He renounced U.S. citizenship and moved to Ireland shortly before selling, purportedly to avoid estate and capital gains taxes on coming windfall. Early life [ edit] He is the son of John T. "Jack" Dorrance Jr. (1919-1989), and grandson of John Thompson Dorrance. For many newcomers to the United States, Campbell Soup was a welcoming first stop in their adopted homeland, where they could find steady work and good pay. Uganda Representation in Bahamas Uganda is well represented in Bahamas by Ugandan Honorary Consulate in Nassau . In his will, the inventor had insisted that his son, Jack, and his four daughters never relinquish control of Campbell Soup. Donald asks the courts to let him tweet. University of Georgia employee Chandler LeCroy and football player Devin Willock died from injuries in a car accident stemming from the race, according to police. Houston Capital Mortgage. [1][2], As of September 2019, Forbes estimated his net worth at US$2.6 billion. But John "Ippy" Dorrance himself is an American no longer. Sotheby's International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. There is usually a U.S. withholding tax of 30 percent on dividends paid to foreigners. The very private Ippy Dorrance undoubtedly would have felt comfortable with the anonymity of giving up his U.S. citizenship. Consular Services Consulate services including visa, passport, document legalization, emergency travel document and assistance, and so on are provided by the embassy and/or consulate. While Ippy Dorrance's decision to abandon his U.S. citizenship may make good tax sense, it has brought uncomfortable attention to Campbell Soup. $6,295,000 USD | Bar Harbor, Maine | The Swan Agency Sothebys International Realty. Early career. But he cannot spend more than 120 days in the United States; otherwise the IRS could tax him as a resident. All someone has to do is invest one million Irish pounds - or about 1.7 million U.S. dollars - in a business that creates jobs and the Irish government will grant a passport. Mr John Thompson Dorrance III, Honorary Consul, This Site Uses Cookies: You are required to agree to use cookies in order to be able to use all functions of the website. He is also known as "Ippy" Dorrance. Today, under the successful direction of Campbell Soup chairman David W. Johnson, an Australian who has pushed the company's profits and stock value higher and higher, the dispute among the cousins seems to have quieted. We have noticed that there is an issue with your subscription billing details. Early life He is the son of John T. "Jack" Dorrance Jr. (1919-1989), and grandson of John Thompson Dorrance. The grandson of John T. Dorrance, the inventor of condensed soup, Bennett Dorrance owns a 15% stake in Campbell Soup. Ex-partner of Private "Most people realize that his citizenship has absolutely nothing to do with the company," said Jim Moran, a Campbell Soup spokesman. And it can be traded for passports from Belize, Ireland, Switzerland, the Bahamas, Cayman Islands or other tax havens of choice. Please ignore rumors and hoaxes. An ambitious exploration into high-end residential markets across the globe. And he kept the price for condensed tomato soup to a dime. The reason for the ruse: Inheritance taxes were lower in New Jersey. Husband of Private Before his move to Ireland, he used to join several movements in order to legalize game ranching in Wyoming and fox hunting in Great Britain. It's a constant source of low-level anxiety," said one former executive. As of November 2015, Forbes estimated his net worth at US$2.6 billion. NA, Head of Mission :Mr John Thompson Dorrance III, Honorary Consul. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. Associates of Ippy Dorrance say his move to Ireland was motivated by tax concerns brought on by this newfound wealth. He and his Finnish wife, Gundel, became Irish citizens and settled in Temple Road, south Dublin, after leaving their Wyoming ranch in 1994. He keeps a low profile and reportedly spends time in Bahamas with his Finnish wife when not home in Ireland. "I'd have to look at whether Ippy has turned his back on his country - or whether his country has turned its back on him," said an old friend of Jack Dorrance, referring to what he thought were this country's exorbitant estate taxes. Reports suggest Prince Charles will live "in a flat above the shop" when he becomes king. Father of John Dorrance, IV and Charles Dorrance The couple were first seen together in Istanbul for the 50th birthday celebrations of New Zealand tycoon Eric Watson. Address: Treasury says that "a few dozen" wealthy Americans give up their citizenship for tax reasons each year. In Ireland, Dorrance has chosen a quiet life for himself. Daniel's 5th outing as Bond gets bums back on seats in the cinema. This ICIJ database contains information on more than 810,000 offshore entities that are part of the Pandora Papers, Paradise Papers, Bahamas Leaks, Panama Papers and Offshore Leaks investigations. During his lifetime, Jack Dorrance gave generous stipends to his children so they could live comfortably. Dr. Dorrance went through his own elaborate scheme to avoid having his heirs pay estate taxes. to confiscate your income from you and your family while you are alive and after you die--no matter where you actually live or how you make your money. He also renounced his U.S. citizenship. Sotheby's International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources.