Romping in the golden Florida sunshine from the day they are born, Live Oak horses grow the strong bones and muscle of thoroughbred racehorses. After coffee and some nervous small talk, they came to the point: Neither Ippy nor McGovern should become the company's next chairman. And I hope its going to be like that for me. According to close associates, Jack envisioned a democratic alternative to his autocratic rule. Charlotte Colket Weber ($1.6 billion) runs the stud farm Live Oak in Ocala, Florida. The agenda: Where do we go from here? They didn't spend summers working in Camden. Passing through the lobby largely unnoticed on that morning, Nov. 15, were eight of the nine heirs to the Dorrance family fortune. In 1954, after the death of Margaret Dorrance Strawbridge, the first of the inventor's children to die, the family decided to sell stock to the public. She also reveled in her connection to the company. "That lesson was taught to Ippy every day," said a Campbell executive. And like any sports franchise, we have a farm-team operation, which helps produce horses for tomorrow and other horses that arent in our top group, but were supporting them. "Jack sensed that Carl was not solidly in the Campbell Soup-forever group. Mrs. Hamilton is very active in philanthropy in Philadelphia. At the Greenbrier, he saw them asking probing questions and mingling with company executives. (But) we lead different lives. 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I take five or six with me when Im traveling domestically. The minimum net worth in the Top 20 was $3.38 billion, $200 million less than 2018. For some, that's the beauty of giving away their wealth. Theres no forcing a horse to do anything. In short, Jack Dorrance 's strategy of silence with the family, which had worked well for decades, was coming apart. "We don't want people like us running the company. How often do you travel? His first project: the Greenbrier meeting in March 1989. All Rights Reserved. The thought of selling it was heresy. They also sometimes met separately, he said. On Sept. 9, 2006, 8-year-old Miesques Approval brought home the Red Bank S. (G3) en route to the Breeders Cup victory, while 9-year-old Revved Up won the Bob Harding S., both races at Monmouth Park. Overview of Charlotte C Weber . View the profiles of people named Charlotte Colket Weber. Not the first, but I remember riding, probably on a Learjet 31, from New York to Florida, maybe on fall break from school. Caterers filled long tables with Pepperidge Farm cookies, V-8 juice and Godiva chocolates, all Campbell Soup products. A private jet is the closest thing to a time machine you could have. He vacillated between apparent boredom and more distressing to his cousins total immersion, taking off to inspect Campbell operations in Hong Kong, Spain and Argentina. Miesques Approval was a seven-year-old when he won the Breeders Cup Mile. President Donald Trump's net worth is listed at $3.1 billion by Forbes, which placed him at No 715 on the list. Mary Alice Malone, 41 The other two are Campbell directors: Bennett, a Phoenix real estate developer who is active in local philanthropy; and Mary Alice Malone, who owns a horse farm, Iron Spring, in Coatesville, Pa. She is known for competing in dressage. "I have never seen them disagree publicly. On June 16, 1989, the cousins would convene again, this time in the Wayne home of Dorrance "Dodo" Hamilton. You'd never know him from anyone else," said Jim Neiman, a neighbor. Their grandfather, John T. Dorrance, invented the condensed soup formula that turned the company into a global soup giant. Having a private aircraft just helps you be more efficient with your time. Bennett Dorrance, 45 Jack recruited his friend Johnson to mentor his son in ways that he could not because of the strain between them. Altair filed for bankruptcy protection in 1982. And they bristled at the thought that Ippy might try to assume the mantle because he was Jack's older son. The Live Oak brother act was repeated in 2006 with 9-year-old Revved Up and his half brother Miesques Approval winning stakes on the same day, both out of homebred Win Approval. Through relentless cost-cutting and layoffs, Johnson had turned around the flagging Campbell Soup Co. Johnson proudly announced that during its first quarter, Campbell's profits had risen by 26 percent, to $105.1 million a record. 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. ", For their part, Jack's children did little to dispel the notion. Its really an art form. Since 2003, Business Jet Traveler has been providing subscribers in more than 150 countries with aviation and lifestyle news, reviews, and features. Until recently, my mom was a director. If I were to conduct an orchestra, I would have no idea how to conduct them so Id make a mess of it. Ippy Dorrance declined requests for an interview on family or company matters. When we did land, I remember the plane being met by firefighters. He just wasn't connecting. But, as it had at the Greenbrier, the genial facade concealed disparate aims and very different perspectives. The idea was dismissed by Charlotte Weber's husband, John, who quipped that a family-controlled board would be like Romper Room. "Dodo was absolutely dedicated to Jack," said one family friend. Trump is the first billionaire president of the United States, and the core of his fortune is tied up in a half-dozen buildings in and around midtown Manhattan in New York City, according to Forbes. Called "Ippy" a rancher in eastern Wyoming, near Devil's Tower national monument raises Brangus cattle, a cross of Brahman and Angus, which carry the IPY brand (his four-letter nickname wouldn't fit) has become a cause clbre in Wyoming for his plan to import and hunt exotic game animals on his 18,000-acre ranch older son of Jack Dorrance left the Main Line after his parents' 1963 divorce and lived in Switzerland with his mother graduated from the University of Arizona with a bachelor's degree in business administration with a major in marketing married Gundel Sobek and had two sons lives in a three-story chalet decorated with stuffed game animals elected to the Campbell board in 1984; is also chairman of Vlasic Foods Inc., a Campbell subsidiary. Of local interest on the list of the world's wealthiest people are local horse-farm owners Charlotte Colket Weber, heiress of the Campbell Soup fortune, and car parts magnate Frank Stronach. 3 FL Airports In Top 10 For Guns Confiscated In 2022: TSA, Lab Theater Project To Host Annual Comedic Shorts Festival, Downtown Job Fair Targets Tampa Bay's Veterans, Active-Duty Military, Thomas Peterffy of Palm Beach, discount brokerage, $17.1 billion, David Tepper of Miami Beach, hedge funds, $11.6 billion, Micky Arison of Bal Harbour, Carnival Cruises, $8.9 billion, Shahid Khan of Naples, auto parts, $6.8 billion, Reinhold Schmieding of Naples, medical devices, $6 billion, Whitney MacMillan of Vero Beach, Cargill, $5.6 billion, Paul Tudor Jones II of Palm Beach, hedge funds, $5.1 billion, Charles Johnson of Palm Beach, money management, $5 billion, J. Christopher Reyes of Hobe Sound, food distribution, $4.9 billion, Jude Reyes of Palm Beach, food distribution, $4.9 billion, Robert Rich Jr. of Islamorada, frozen foods, $4.8 billion, Dirk Ziff of North Palm Beach, investments, $4.8 billion, Terrence Pegula of Boca Raton, natural gas, $4.5 billion, Isaac Perlmutter of Palm Beach, Marvel comics, $4.3 billion, Russ Weiner of Delray Beach, energy drinks, $4.1 billion, Igor Olenicoff of Lighthouse Point, real estate, $4 billion, Richard Schulze of Bonita Spring, Best Buy, $3.7 billion, Tom Golisano of Naples, payroll services, $3.5 billion, Jeff Greene of Palm Beach, real estate, investments, $3.4 billion, Nick Caporella of Plantation, beverages, $2.9 billion, Edward DeBartolo Jr. of Tampa, shopping centers, $2.9 billion, Rakesh Gangwal of Miami, airline, $2.9 billion, William Wrigley Jr. of North Palm Beach, chewing gum, $2.8 billion, John Henry of Boca Raton, sports, $2.7 billion, Randal Kirk of Lake Worth, pharmaceuticals, $2.6 billion, Jorge Perez of Miami, real estate, $2.6 billion, Norman Braman of Miami, art, car dealerships, $2.4 billion, Kenneth Feld & family of Sarasota, circus, live entertainment, $2.4 billion, C. Dean Metropoulos of Palm Beach, investments, $2.4 billion, Herbert Wertheim of Coral Gables, investments, $2.4 billion, Todd Christopher of Clearwater, hair care products, $2.2 billion, James Clark of Palm Beach, Netscape, investments, $2.1 billion, S. Daniel Abraham of Palm Beach, Slim-Fast, $2 billion, Phillip Frost of Miami Beach, pharmaceuticals, $2 billion, Henry Laufer of Lake Worth, hedge funds, $2 billion, William Stone of Naples, software, $1.9 billion, Katherine Tanner of Marathon, Cargill, $1.9 billion, Carol Jenkins Barnett of Lakeland, Publix supermarkets, $1.8 billion, Christopher Cline of North Palm Beach, coal, $1.8 billion, Robert Duggan of Clearwater, pharmaceuticals, $1.8 billion, James France of Daytona Beach, Nascar, racing, $1.8 billion, Michael Jordan of Jupiter, Charlotte Hornets, endorsements, $1.8 billion, William Koch of Palm Beach, oil, investments, $1.8 billion, Ronald Wanek of St. Petersburg, furniture, $1.8 billion, Jimmy John Liautaud of Key Largo, sandwich chain, $1.7 billion, Catherine Lozick of Fort Lauderdale, valve manufacturing, $1.7 billion, Edmund Ansin of Miami Beach, television, $1.4 billion, Bharat Desai of Fisher Island, IT consulting, $1.4 billion, Charlotte Colket Weber of Hobe Sound, Campbell Soup, $1.4 billion, J. Hyatt Brown of Ormond Beach, insurance, $1.2 billion, Thomas James of St. Petersburg, finance, $1.2 billion, Edward Lampert of Miami Beach, Sears, $1 billion. CAREER:Equestrian athlete who at 18 became youngest person ever to represent U.S. Equestrian Team. Revved Ups sire is Live Oaks Sultry Song. Charlotte Colket Weber is the granddaughter of condensed soup inventor and Campbell Soup founder John T. Dorrance. One friend recalled how he once bluffed Ippy out of a poker hand with a 50-cent raise. Background Report. Yes, when I was growing up, he was involved in the horse operation. 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. Charlotte Colket Weber Net Worth: Charlotte Colket Weber is an American businesswoman who has a net worth of $1.4 billion. Are you involved with Campbell Soup Company? "Ippy resented the fact that he had to be a supplicant" to his father, one former Campbell official said. There's a lot of real estate we could be investing the money in,' " Murphy recounted. In July of 1988, a delegation of four family members Dodo Hamilton, Happy van Beuren, George Strawbridge and Diana Norris arrived at Jack Dorrance 's Center City office one morning, according to two of the participants. 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. Charlotte Colket Weber is a member of Richest Billionaires. According to a participant, Dodo Hamilton then raised a volatile question: Should they sell the company? Stockholders strode through on their way into the auditorium, where the 1990 Campbell Soup Co. annual meeting was about to begin. Though they avoided talking about it, the future of the company was on everyone's mind. In the late 1970s, Jack was prodded by William Beverly Murphy, Campbell Soup's longtime chief executive, to appoint his children officers of the trust that held their Campbell Soup stock. At that, the participant said, Mary Alice Malone, tears streaming down her face, cried: "Dad's not even cold yet and already you're talking about selling the company!". In a show of solidarity, six of the Dorrances agreed to pool their shares and vote them as a block. Diana Strawbridge Norris, 51 I do not want the instant profit or quick returns generated by running horses before they are ready. By Champion3 @ 2012-09-21 11:23:44. "Ippy had the strength to move away from what he didn't like and start a totally new life," Dodo Hamilton said to an intimate. I run 10K probably once a week and run a couple of miles every day as a warmup. Six of them shared, at the time, a $2 billion fortune in Campbell Soup stock. They spend their time raising horses and frequenting upper-class haunts like Newport, R.I. "I don't think Jack thought Ippy was at a point where he could designate him without making a lot of people unhappy. ". The lobby of the Cherry Hill Hyatt was bustling. "If you got out of college with an income of $100,000, would you be interested in a menial job? " The trustees demanded that Campbell Soup executives do a better job of keeping the family abreast of all business matters, including confidential information. Yes, I do. #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. Subscribers may view the full text of this article in its original form through TimesMachine. "This is symbolism. Rather, drawn by their speed and strength, they have spent millions caring for them. We sit down at the same table. Contrary to Jack Dorrance 's wishes, some were open to the idea of selling their Campbell stock. Grew up in Bryn Mawr with her older brother, Tristram spent her junior year of high school in Switzerland studied French and interior design at the Sorbonne in Paris married John C. Weber in 1967; they have four children husband teaches anatomy and cell biology at Cornell University Medical Center in New York City they funded and acquired art for an ancient Chinese art wing in 1988 at the Metropolitan Museum of Art owns a Fifth Avenue apartment, a seacoast home on Jupiter Island, Fla., and a 4,500-acre thoroughbred farm in Ocala, Fla., Live Oak Stud, that includes 60 Clydesdales, a special interest became a Campbell director last year. There was no clear-cut successor as chairman. When you travel, do you take extra horses in case one gets sick or breaks a leg? 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