This Is the Richest Person in Philadelphia
Mary Alice Dorrance Malone’s Iron Spring Farms from VirtualGlobeTrotting
The richest person in Philadelphia has nothing to do with the city’s cable giant. According to a new Forbes list of the wealthiest residents of the 50 largest U.S. cities, it’s Mary Alice Dorrance Malone.
Who’s she?
As the 66-year-old heiress to the Campbell Soup fortune, Malone has a net worth of $4.1 billion, according to Forbes. To put that in comparison, Comcast chairman and CEO, Brian Roberts, has a net worth of $1.57 billion. When it comes to richest people in the country, Malone ranks 139th. And she ranks 392nd among the richest people on the planet.
Perhaps this comes as no surprise. Malone was named the richest person in Pennsylvania earlier this year by Forbes. Malone is the largest shareholder of Campbell Soup Co., which her grandfather presided over in the early 1900s. Malone has served on its board since 1990. Her brother and cousin, who also serve on the board, are billionaires as well, according to the Business Journal.
Malone is also the president of Iron Spring Farms, a horse farm in Coatesville, Pennsylvania. Last December, she bought a $14.4 million equestrian estate in Wellington, Florida, The Real Deal reports. Campbell owns brands like Pepperidge Farm, V8 and Prego, Forbes reports, and receives $8 billion annual revenue.
The richest person in the country, and the world, remains Microsoft founder Bill Gates, according to the Forbes list.
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