Mary Alice Dorrance Owner of Campbell Soup Company Country: USA

1. Biography of Mary Alice Dorrance Malone
2. The Grand Discovery and Company Transformation
3. Global Recognition and Family Involvement

Biography of Mary Alice Dorrance Malone

Mary Alice Dorrance Malone, the owner of Campbell Soup Company, received her education by obtaining an Honorary Bachelor's degree in Science and Art from the University of Arizona. She is particularly notable for being the granddaughter of the famous John Dorrance, who made a groundbreaking discovery that remains in demand and popular to this day. Mary is one of the most influential and wealthy individuals in the world, as well as the heiress to the large Campbell Soup Company. Her net worth is estimated to be approximately two billion dollars (according to Forbes magazine, which ranked Mary at 451st place on the list of the world's richest people several years ago).

The Grand Discovery and Company Transformation

A pivotal event occurred in 1897, when the company was known as Campbell Preserve Company and produced canned goods, ground meat, and seasonings. John Dorrance, a relative of the company president and an employee, invented soup concentrate. As a result, the company underwent significant changes - production became cheaper, packaging was simplified, costs decreased, and product transportation became easier.

This invention not only made an indelible impression on consumers but also led to a change in the company's name, which became Campbell Soup Company. Since then, the company has grown and expanded. Skillful advertising campaigns played a significant role in this. Unique marketing strategies led to a nearly one hundred percent increase in sales and an unprecedented level of popularity.

Global Recognition and Family Involvement

Currently, the company is well-known not only in North and South America but also in numerous Asian countries and several European states. Mary Alice Dorrance Malone has passed on the reins of the company to her children (the third generation now owns approximately half of the company). Interestingly, Mary has four grandchildren, each involved in a specific field of activity such as horse breeding, real estate, aviation, philanthropy, and other areas. All family members are involved in overseeing the company's operations and benefit from the tremendous sales it generates.