Mary Alice Dorrance Malone Explained

Mary Alice Dorrance Malone
Nationality:American
Alma Mater:University of Arizona
Known For:largest shareholder, Campbell Soup Company
Boards:Campbell Soup Company
Spouse:Stuart Malone (divorced, mid-1990s)
Children:2
Relations:John Thompson Dorrance (grandfather)
John Dorrance III (brother)

Mary Alice Dorrance Malone is an American billionaire and heiress to the Campbell Soup Company fortune.

Early life

Mary Alice Dorrance is the daughter of John T. "Jack" Dorrance Jr (died 1989), the last Dorrance to run Campbell, and the granddaughter of John Thompson Dorrance.[1] She has a bachelor's degree from the University of Arizona.[2]

Career

When her father died in 1989, she and her two brothers shared roughly one-third of the company.[1]

Malone is the Campbell Soup Company's largest shareholder, and a board member, along with her brother Bennett Dorrance, a Phoenix real estate developer.[2] [1] Her other brother is John Dorrance III.[1]

Personal life

She was married to Stuart Malone, divorced in the mid-1990s, has two children, and lives in Coatesville, Pennsylvania.[2] [3] [4]

From 2009 to 2010, she was the victim of an extortion attempt by her "longtime cook, traveling companion and confidante", involving "a tell-all book and movie about the heiress's personal life".[5] [3] [4]

Malone is "devoted to equestrian sports, she owns expansive estates and performance centers in Pennsylvania and Florida."[2]

In 2006, Malone purchased an oceanfront home in Barnegat Light, New Jersey.

Notes and References

  1. News: Reed Abelson. Plenty of Old Money, but Not Much Limelight - The New York Times . . July 30, 2000 . June 24, 2017.
  2. Web site: Mary Alice Dorrance Malone . Forbes.com . June 24, 2017.
  3. Web site: Longtime pal admits extorting Campbell Soup heiress - USATODAY.com . Usatoday30.usatoday.com . June 24, 2017.
  4. Web site: Woman pleads guilty in soup heiress extortion scheme . Dailylocal.com . December 21, 2009 . June 24, 2017.
  5. Web site: Clare O'Connor . Billionaire heiress caught up in bizarre extortion plot . Forbes.com . June 24, 2017.