Mary Malone Net Worth, Age, Family & Biography

About Mary Malone

Malone is the biggest investor of Campbell Soup, a public bundled food producer. The company, which is based in Camden, New Jersey, sells Goldfish crackers, Pepperidge Farm bread, and canned soup. It made $8.6 billion in revenue in the year that ended on July 31, 2022. Malone likewise claims a pony-rearing business.

Caroline Rush, Mary Alice Dorrance Malone, and Karen Elson attend an event hosted by the British Fashion Council celebrating British Creative Talent at The Times Square EDITION on June 5, 2019 in New York City.

Mary Alice Malone and Ancuta Sarca attend the 2023 Footwear News Achievement Awards at Cipriani South Street on November 29, 2023 in New York City.

Mary Malone Family

Campbell Soup’s largest shareholder is Mary Alice Dorrance Malone, who is also the granddaughter of John T. Dorrance, the 1897 inventor of the condensed soup formula. She moved on from the College of Arizona with a degree in English in 1972.

Mary Malone Career

In 1976, Malone established Iron Spring Farm, a horse breeding and training facility in Pennsylvania and Florida. In 1990, she was elected to Campbell Soup’s board of directors. The organisation was established in Camden, New Jersey by Joseph Campbell and Abraham Anderson in 1869.

In 1895, the first ready-to-eat tomato soup was made, and Malone’s grandfather two years later came up with the recipe for condensed soup. Mark Alexander, a president of Campbell Soup, said in an interview with Food Business News in March 2016 that the company sells nearly 2 billion cans of soup each year.

Mary Malone Facts

Based on an analysis of company filings and Bloomberg data, she has received dividends totalling more than $1.5 billion. In addition to taxes and market performance, these proceeds determine the value of her cash investments.