Introduction
Mary Alice Dorrance Malone is an American billionaire and philanthropist. She is the largest shareholder of Campbell Soup Company, which was founded by her grandfather, John T. Dorrance. Malone’s fortune has been built over the years, and she remains one of the wealthiest women in the world. In this blog post, we will discuss Mary Alice Dorrance Malone’s net worth in 2021 and various aspects of her life.
Early Life and Education
Mary Alice Dorrance Malone was born on April 27, 1950, in West Palm Beach, Florida. Her father, James Stillman Dorrance, was the president of Campbell Soup Company. Malone attended Springside Chestnut Hill Academy in Philadelphia and then went to Smith College, where she completed her Bachelor of Arts degree in English.
Career
After completing her education, Mary Alice Dorrance Malone joined Campbell Soup Company as a director in 1990. She became the company’s largest shareholder after her father’s death in 1989. Since then, Malone has been actively involved in the company’s operations and has made significant contributions to its growth.
Net Worth
As of 2021, Mary Alice Dorrance Malone’s net worth is estimated to be $7.3 billion. Her massive wealth comes from her stake in Campbell Soup Company, which is valued at around $3.8 billion. Aside from her business interests, Malone is also a philanthropist and has donated millions of dollars to various charities across the United States.
Personal Life
Mary Alice Dorrance Malone is a private person and does not share much about her personal life. She is married and has two children. Malone currently lives in Pennsylvania and has a keen interest in horse breeding and racing.
Philanthropy
Mary Alice Dorrance Malone is a generous philanthropist. She has donated significant amounts of her wealth to various charities, including $277 million to the University of Pennsylvania’s School of Veterinary Medicine, which was renamed in honor of her parents. She has also given millions to the Pennsylvania Academy of the Fine Arts, her alma mater Smith College, and many other organizations.
Awards and Recognition
Mary Alice Dorrance Malone’s philanthropic efforts have not gone unnoticed. In 2019, she was given the prestigious Carnegie Medal of Philanthropy, which recognizes individuals for their exceptional and sustained philanthropic endeavors.
Impact on Society
Mary Alice Dorrance Malone’s contributions to society through her philanthropy are immense. Her generous donations have helped many people and organizations across the United States. She has played a significant role in advancing veterinary medicine and helping animals. Her philanthropic efforts will continue to have a positive impact on society for many years to come.
Conclusion
Mary Alice Dorrance Malone is one of the wealthiest women in the world, with a net worth of $7.3 billion. Her wealth comes from her stake in Campbell Soup Company, and she has made significant contributions to the company’s growth over the years. Along with her business interests, Malone is also a generous philanthropist who has donated millions to various charities. Her contributions to society will continue to have a positive impact for many generations to come.
FAQs
Q1. How did Mary Alice Dorrance Malone get so rich?
A1. Mary Alice Dorrance Malone is the largest shareholder of Campbell Soup Company, which was founded by her grandfather. Her stake in the company is valued at around $3.8 billion, making her one of the wealthiest women in the world.
Q2. What is Mary Alice Dorrance Malone’s net worth in 2021?
A2. Mary Alice Dorrance Malone’s net worth is estimated to be $7.3 billion in 2021.
Q3. Has Mary Alice Dorrance Malone won any awards?
A3. Yes, Mary Alice Dorrance Malone was awarded the prestigious Carnegie Medal of Philanthropy in 2019 for her exceptional and sustained philanthropic endeavors.
Q4. What are some charities that Mary Alice Dorrance Malone has donated to?
A4. Mary Alice Dorrance Malone has donated millions of dollars to various charities, including the University of Pennsylvania’s School of Veterinary Medicine, the Pennsylvania Academy of the Fine Arts, and her alma mater Smith College.
Q5. How does Mary Alice Dorrance Malone impact society through her philanthropy?
A5. Mary Alice Dorrance Malone’s philanthropic efforts have helped many people and organizations across the United States. She has played a significant role in advancing veterinary medicine and helping animals. Her contributions to society will continue to have a positive impact for many generations to come.