They acted less as one family than as nine individuals, threatening, as Dorrance had feared, to end three-quarters of a century of family control of Campbell Soup. One friend recalled how he once bluffed Ippy out of a poker hand with a 50-cent raise. Someone suggested that perhaps all the cousins should become company directors, so that everyone would have a voice in the boardroom. He left it more to Ippy to get involved," Johnson said. The trust that held the entire family's stock sold 13 percent to outsiders. Out on the veranda of Kate's restaurant, they chatted with Campbell Soup executives over plates of ribs and chicken. And while John T. Dorrance, the chemist who went to work for his uncle and came up with the idea of condensed soup, spent more than 30 years at Campbell, none of his nine surviving grandchildren are active at the company. Join Facebook to connect with Charlotte Colket Weber and others you may know. But his imperious ways, made worse at times by drinking, were starting to wear on the next generation. He lives with his wife and two young sons at Live Oak Plantation, which is where we caught up with him. Much of their wealth was tied up in Campbell Soup stock. What does leadership mean to you? Christina Colket Weber, a daughter of Charlotte C. Weber of Ocala, Fla., and Dr. John C. Weber of New York, was married yesterday to Andrew Gordon Curtis Whitney, a son of Caroline H. B.. The first to be elected, in 1981, was Dodo Hamilton, the oldest member of her generation. The talk within the family was that he would have to sell stock to bail out the business. Why bother 'em? " Yes, travel often with me. "Here was a group of people pushing agendas and being successful who really weren't regarded as family members," van Beuren told the associate. The company they have succeeded in keeping in the family is far stronger today than a year ago. Ive actually sold some horses to them. Can you control each horse individually? I have always wanted to be called a horseman. Jack avoided the issue of succession, not only with executives but also with his own relatives. "I think he wanted to get Ippy in the process, and I think he thought only by getting him on the board would there be any chance. Chester Weber, Americas most celebrated combined driving athlete, has garnered many awards for his international equestrian accomplishments. Its really magical to work with these majestic animals that, frankly, allow us to work with them. #320 Charlotte Colket Weber Net Worth: $1.1 billion Source: Food, inheritance Inherited Age: 62 Marital Status: Divorced, 3 children, 1 divorce Hometown: Ocala, FL Education: University of Paris, Bachelor of Arts / Science Grandchild of John T. Dorrance, inventor of condensed soup process. ", For their part, Jack's children did little to dispel the notion. The assertiveness of the voting trust did not sit well with Ippy and his brother, Bennett. While Jack Dorrance grew up knowing Campbell Soup would be his life, Ippy had no such clear path. They have scattered. Sheldon Adelson, Larry Ellison and others pay themselves dividends early to avoid heftier taxes next year. Female. Born in Philadelphia, Pennsylvania, he was the son of Margaret ("Peggy") Dorrance and the stockbroker George W. Strawbridge Sr. Is a distant relative of the department-store Strawbridges of the cousins, he has the smallest stake in Campbell Soup stock holds a 10 percent share of Meridian Bancorp of Reading, valued at about $60 million, the result of Meridian's merger with Delaware Trust Co., which he controlled married Sally Lester Forman in 1962, had two children and was divorced married Nina Stewart Neilson in 1974 and had one child well-known in equestrian circles, especially for steeplechase educated at the University of Pennsylvania; earned doctorate with distinction in Latin American history adjunct professor of political science at Widener University owns Augustin Stables in Chester County director of Buffalo Sabres of the National Hockey League elected to Campbell board in 1988. The nine Dorrance heirs were clustered in groups. Is high-level involvement of family just an unhappy coincidence? The ranking includes 2,153 people who have a combined wealth of $8.7 trillion. 2 billionaires grew due to an increase in Amazon stock prices. The Ocala, Florida native is the youngest son of billionaire Charlotte Colket Weber, whose grandfather, John T. Dorrance, invented the process of condensing soup and founded the Campbell Soup Company. A look at who's out. When you went to college, what did you plan to do? She was the 360th richest person in the "Forbes 400" list and the 1107th in the list of World Billionaires. She is also an avid collector of Chinese art, a passion that reportedly began when her uncle gave her a rare porcelain K'ang-hsi frog in the 1970s. Sensing that the cousins were becoming restive with each other and with Campbell executives Vlasic, the new CEO, made it a priority to draw them closer to the business. Through the spring, the camps would consolidate. The members of the third generation are more distant owners than Jack Dorrance. Think Bruce Springsteen, Lou Dobbs and the CEO of Lorillard. Overview of Charlotte C Weber . Another branch of the family includes Charlotte Colket Weber and Tristram C. Colket Jr. Ms. Weber, also a Campbell board member, divides her time between New York and Ocala, Fla., where she breeds thoroughbreds. Dodo Hamilton, meanwhile, was concerned about having so much of her fortune tied to one company. NAME: Chester C. Weber BORN: June 3, 1975 (age 43), Ocala, Florida EDUCATION: B.S., Cornell College, 1997 CAREER: Equestrian athlete who at 18 became youngest person ever to represent U.S. Equestrian Team. Born November 19, 1942, in Philadelphia, Ms. Weber is the granddaughter of Campbell Soup founder John T. Dorrance and she serves as a board trustee of Campbell Soup Company. Charlotte Colket Weber is the granddaughter of condensed soup inventor and Campbell Soup founder John T. Dorrance. In the United States, Bezos' net worth increased from $19 billion, and Gates, who had been the wealthiest person in the world for the longest period of time, increased his fortune by $6.5 billion, from $90 billion in 2018. He graduated from The Hun School of. At the time, Jack Dorrance still favored McGovern for the chairmanship, and several family members notably Jack's children did not want to cross him. The Top 20 billionaires have a combined net worth of $1.2 trillion, which is unchanged from last year. As a director, he was mercurial. "That's exactly what they've done at Campbell. The first Campbell Soup executive to seek out members of the third generation of Dorrances was R. Gordon McGovern, who took over as chief executive in 1980. She is also an avid collector of Chinese art, a passion. Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more. Whereas, horses stabled in harsher climates may be confined to barns for weeks or months at a time to escape freezing elements. Theres a lot going onadjusting reins, changing the pressure of your hands, and moving them. Background Report. As a subscriber, you have 10 gift articles to give each month. Charlotte Colket Weber is a member of Richest Billionaires. Campbell Soup Co. heir Charlotte Colket Weber served on the company's board from 1990 until 2014. In the first issue of FORBES, founder B.C. He tried to use the Will Rogers manner you know, this unaffected rancher from Wyoming but he used it with total arrogance. From the time significant thoroughbred breeders found their way to Ocala in the 1950s and 60s, the Florida climate has become a siren song for horsemen and young thoroughbred horses on their way to racing greatness. It is one of my highest priorities to always be a good steward of the land.. Murphy said. "This torpedoed everything," said the family associate. Charlotte Colket Weber ($1.6 billion) runs the stud farm Live Oak in Ocala, Florida. When we did land, I remember the plane being met by firefighters. Tristram Colket Jr. Charlotte Dorrance Weber. These 34 members of the 2012 Forbes 400 fell off this year's list. Jack's three children kept to themselves. "He was very reticent at first," said one former Campbell officer. In December, three Dorrance heirs and their husbands called for a sale of the company. Is winning the result of having the fastest horses or is it all finesse? Seemingly on a whim, Strawbridge felt, Ippy had destroyed the influence with management that the family had been laboring so hard to establish through the voting trust. Twenty-eight people who were on the 2012 Forbes 400 dropped off the new 2013 list, while another six passed away. Two costumed Campbell Kids wandered about, offering greetings. Other than being a shareholder, no. Until recently, my mom was a director. Later he would turn aloof and rude, according to some board members. 19, 1991. ). Over the years, the resentments had hardened into a fundamental rift. She is also an avid collector of Chinese art, a passion that reportedly began when her uncle gave her a rare porcelain K'ang-hsi frog in the 1970s. "He had a lot of wild ideas," the executive said. Many in this generation view their stock not as a family heirloom but as an asset, like Treasury bills or real estate. New to the list is Kylie Jenner, 21, who is the youngest billionaire in the world and the youngest self-made billionaire of all time. A devoted equestrian, Weber His first project: the Greenbrier meeting in March 1989. Charlotte C. Weber is the owner of Live Oak Plantation. CAREER:Equestrian athlete who at 18 became youngest person ever to represent U.S. Equestrian Team. (According to financial filings by Jack Dorrance's estate, each of his children was receiving $100,000 every three months during the last year of his life. In a memo seen by some company directors, Carl Norris and Archie van Beuren blamed Campbell's low stock price at the time on Wall Street concerns about "the enigmatic presence of an inept control group" on the Campbell board a slap at Ippy, according to a family associate. The memo also said certain family members were seeking director seats for "ego gratification" and were assuming positions "for which they have no qualifications.". The Dorrances nodded approvingly as Johnson, in the inflections of his native Australia, described the company's financial progress under his leadership. The thought of selling it was heresy. John Weber recalled that even at the Greenbrier retreat, designed to inform and involve all branches of the third generation in the company, Jack Dorrance and his children were housed apart from the others. It was with EJA [Executive Jet Aviation], which was a predecessor to NetJets. Florida is home to 52 billionaires, according to Forbes' 33rd annual ranking of the world's billionaires released Tuesday. At a 1989 meeting, according to two participants, Mary Alice referred to her cousins as "the little people. The dissidents, Dodo and Happy and their husbands, had reason to feel gratified, for they could claim that the cost-saving measures undertaken at Campbell Soup and, indeed, the very presence of Johnson had come in response to their declaration that they wanted to sell. AKA Charlotte Colket Weber Born: 19-Nov - 1942 Birthplace: Philadelphia, PA Gender: Female Race or Ethnicity: White Sexual orientation: Straight Occupation: Business Nationality: United States Executive summary: Campbell Soup scion Granddaughter of Campbell Soup executive John T. Dorrance. When you travel, do you take extra horses in case one gets sick or breaks a leg? It was her grandfather, John T. Dorrance, the one who invented condensed soup and founded the Campbell Soup. 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