For some time Dodo Hamilton had feared that when she died, her heirs would be forced to sell Campbell Soup stock at whatever price they could get in order to pay inheritance taxes. I wake up around 5 a.m. Some family members, particularly George Strawbridge, were stunned, said a family associate. Background Report. I am very proud of Campbell Soup, but thats not my existence. $2 Billion | Rank #1645 Who is Charlotte Colket Weber Her billionaire cousins, Bennett Dorrance and Mary Alice Dorrance Malone, are still directors. Chester Weber, Americas most celebrated combined driving athlete, has garnered many awards for his international equestrian accomplishments. Mary Alice, and cousin, Charlotte Weber, seated on the board. Mrs. Hamilton is very active in philanthropy in Philadelphia. The Dorrances nodded approvingly as Johnson, in the inflections of his native Australia, described the company's financial progress under his leadership. Among his cousins, Ippy is considered the prodigal son. "We don't want people like us running the company. "I don't want to be in a company where the whole family isn't working toward a central aim," Dodo Hamilton told an associate. -> Site for Charlotte Colket Weber, Chester C. Weber, Julie W. Reid International Development and major product launches in the U.S.: Tristram Colket Jr. Charlotte Dorrance Weber. On June 16, 1989, the cousins would convene again, this time in the Wayne home of Dorrance "Dodo" Hamilton. Why do you think youve been successful? Charlotte Colket Weber Like her cousin Mary Alice Dorrance Malone, Weber runs a stud farm: Live Oak, in the thoroughbred town of Ocala, Florida. With the sisters' grief came a more practical problem. Mr. Strawbridge, who is a Campbell director, has a reputation as a savvy investor whose business sense prevailed over emotion in the mid-90's, when, as a large shareholder, he was instrumental in selling two Philadelphia banks. In life, all we have really is time. It takes money and drive to succeed on the equestrian circuit, so it helps if dad is a billionaire, a celebrity or very wealthy. And Dorrance 's three children stood to collectively inherit an additional $2.2 billion in stock when he died. Why do you fly privately? 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. Last year, 2,208 people made the list and had a combined wealth of $9.1 trillion. Runs Iron Spring Farm, a noted Chester County breeding and training center for horses has competed in Olympic qualification trials in dressage, a precision riding technique that she has called "horse ballet" graduated from the University of Arizona in 1972 with a degree in English in 1981 married Stuart H. Malone, now chairman of the Planning Commission in Highland Township, Chester County two children the Malones have been active in efforts to conserve Chester County acreage from development was elected a director of Campbell Soup in December 1989, joining her two older brothers. So do the Clydesdales in the Budweiser ads come from your farm? When her cousin and goddaughter, Mary Alice Dorrance, married Stuart Malone that year, Dodo Hamilton threw a dinner party all in Campbell Soup colors waiters uniformed in red and white, even food prepared in red and white. All Rights Reserved. ". (Later the news was even better. The sale would establish the value of her estate. ". "Of note this year was the large number of drop-offs in China, and the weakening of the euro vs. the dollar, which pushed down the dollar value of European fortunes," Dolan said in the release. Only months after Jack died, two Dorrance factions clashed again. I run 10K probably once a week and run a couple of miles every day as a warmup. Although Jack once said that Mary Alice had the best business sense of his three children, neither she nor her brother Bennett considered by some board members more personable than Ippy was groomed as a potential family leader. 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.. "I often drive by and see him, and sometimes his two sons, baling hay or fixing a fence. My teacher called my parents into school saying, Your son has a very good imagination. Charlotte Colket Plans To Be Wed in Summer, https://www.nytimes.com/1967/04/22/archives/charlotte-colket-plans-to-be-wed-in-summer.html. In separate visits with them, McGovern was disconcerted to discover how little they knew about Campbell Soup. Florida has the absolute advantage of its climate, Weber said emphatically. Charlotte C Weber (age 80) is listed at 39 S Beach Rd Hobe Sound, Fl 33455 and is affiliated with the Republican Party. A devoted equestrian, Weber She was the 360th richest person in the "Forbes 400" list and the 1107th in the list of World Billionaires. Through racing efforts at major tracks across North America, Live Oak has built a sterling record of accomplishments, including recent successes with 4-time Grade 1 winner World Approval, winner of the $2 million Breeders' Cup Mile (G1) and 2017 Eclipse Award champion turf male, a Graded stakes double at Keeneland on April 8, 2017 when Holding Gold won the $200,000 Shakertown S. (G2) and Awesome Slew won the $250,000 Commonwealth S. (G3). "What we're witnessing is an evolution, where the company is controlled now by people without any connection or commitment to this area," said U.S. Rep. Robert E. Andrews, a former Camden County freeholder. Jack Dorrance, like his father who built Campbell Soup, had a missionary's zeal for the company. And living the way they were, where they weren't dealing in financial matters, I saw this as a way to learn how money was managed," Murphy said. Background Report. George S. Strawbridge Jr. and Diana Strawbridge Wister are the children of Margaret, one of Dr. Dorrance's four sisters. The heirs of the Campbell Soup legacy were a fractious group, riddled with resentments. Charlotte Colket Weber Net Worth: Charlotte Colket Weber is an American businesswoman who has a net worth of $1.4 billion. In many ways, Ippy was like his father: withdrawn, understated, laconic. But now the unthinkable has become a subject of public speculation: Will the Dorrances sell Campbell Soup Co.? 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. Not the first, but I remember riding, probably on a Learjet 31, from New York to Florida, maybe on fall break from school. CAREER:Equestrian athlete who at 18 became youngest person ever to represent U.S. Equestrian Team. If you are taking a short flightwhen its one passenger on the planesomething like a Pilatus is appropriate. A devoted equestrian, Weber owns and manages Live Oak Stud, a 4,500-acre . The ranking includes 2,153 people who have a combined wealth of $8.7 trillion. He said he went to the moon on his fall break.. "There is some resentment about the fact that Jack was the padrone for everyone, and they don't want that role passed down to Ippy like royalty," said a Campbell executive. Yet since Jack's death, the Dorrances have become a clan without a leader, a family without a shared purpose. (Better luck next year.). Charlotte C. Weber is the owner of Live Oak Plantation. We want professional directors, and we want them selecting a good chief executive," Weber said. But, as it had at the Greenbrier, the genial facade concealed disparate aims and very different perspectives. Other than being a shareholder, no. The agenda: Where do we go from here? U.S. Equestrian Team Foundation. View the profiles of people named Charlotte Colket Weber. After private agonizing, Dorrance surprised shareholders at the 1984 annual meeting by announcing, in an almost offhand, one-sentence statement, that he would step down as chairman. The new CEO, David Johnson, had delivered as promised. "Jack never pushed Ippy. Ippy went to the University of Arizona and later settled on an 18,000-acre ranch in the Black Hills of eastern Wyoming, near Devil's Tower national monument. 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. It was the first time that so many third-generation Dorrances had attended the annual meeting. Charlotte Colket Weber, 48 Charlotte Colket. They still eyed Jack's older son warily. 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. 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. Owner/breeder Charlotte Weber leads Global Access into the winner's circle after the Saranac The Florida Thoroughbred Breeders' and Owners' Association has announced its Florida-bred Champions. Fellow ranchers in Wyoming say they respect Ippy because he works hard and speaks plainly just like them. But when they left Cherry Hill that November day, the Dorrance heirs took their differences with them. Six of them shared, at the time, a $2 billion fortune in Campbell Soup stock. Nicknamed "Happy" lives in an oceanfront estate near Newport a graduate, like her sister, Dodo, of the Foxcroft School married to John Archbold van Beuren, the grandson of an oil partner of John D. Rockefeller Sr keeps a low profile among the dissidents, with her husband taking a more active role three children her son, Archbold D., 33, is the only Dorrance now employed by Campbell Soup; he is business director for ready-to-serve soups. Beneath the spreading canopy of live oak trees, horses benefit from the lush green, nutrient-rich grass covering the gently rolling hills of Live Oak Stud. Ms. Weber Is a member of The Jockey Club, a board trustee of the Thoroughbred Owners and Breeders Association, a board member of the Florida Thoroughbred Breeders and Owners Association and a trustee of the National Museum of Racing and Hall of Fame. Weber is a devoted equestrian and owns Charlotte Colket Weber Net Worth Read More "This torpedoed everything," said the family associate. Mrs. van Beueren lives near Newport, and her son, Archbold, is the only family member working for Campbell, as president of Godiva Worldwide, in Manhattan. Also, Jack was well aware that his son didn't have the expertise or family support to guide such a billion-dollar enterprise. Is winning the result of having the fastest horses or is it all finesse? Contrary to Jack Dorrance 's wishes, some were open to the idea of selling their Campbell stock. But the heirs of that soup legacy were a fractious group, riddled with resentments. "He had a lot of wild ideas," the executive said. They exchanged cordial greetings with each other as they were ushered to their seats. ". It has afforded me some wonderful opportunities. "There was a degree of concern that (this) was polarizing everyone else," Weber said. Charlotte Colket Weber is the Independent Director at Campbell Soup Co. with an estimated net worth of $1.3 billion as of March 2013. The FEI World Equestrian Games are expected to draw 500,000 spectators. "Jack told 'em nothing. 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. At another family session, Mary Alice's brother Bennett angered his cousin Dodo by summarily dismissing her concerns about the disposition of her stock. Is high-level involvement of family just an unhappy coincidence? 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; Some family members were relieved that it wasn't Ippy, who was elected a director of the company that year. It's very clear they are together," said one Campbell executive. 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. The trust wasted no time in making its presence known at Campbell Plaza. THE SPORTING LIFE Four-in-hand driving is the Formula One of the horsey set. I charter, and my family also owns some shares with NetJets and PlaneSense. Yes, travel often with me. Other successes include World Approvals older half-brother Miesques Approval, winner of the $2 million Breeders Cup Mile (G1) and 2006 Eclipse Award champion turf male, and other top horses including Revved Up, My Typhoon, Hesanoldsalt, and half-brothers Solar Splendor and Sultry Song (both out of homebred Sultry Sun). "He quite soon learned that that would not be appropriate action. Out on the veranda of Kate's restaurant, they chatted with Campbell Soup executives over plates of ribs and chicken. They had arrived at middle age and were becoming increasingly independent- minded. When we did land, I remember the plane being met by firefighters. Afterward, at an elaborate reception at Jack's Gladwyne mansion, his elder son, John T. Dorrance 3d "Ippy" acted statesmanlike as he received guests with his brother and sister, Bennett and Mary Alice. They did not return repeated phone calls over the last month seeking interviews. 10. Dodo Hamilton, meanwhile, was concerned about having so much of her fortune tied to one company. On June 16, 1989, the cousins would convene again, this time in the Wayne home of Dorrance "Dodo" Hamilton. Later, "he realized that they were more than just investors," the executive said. The older cousins Dodo Hamilton, now 62, and her sister, Hope "Happy" van Beuren, 57 were particularly distraught. Jack's children control about 32 percent of the stock, with the remaining 27 percent family stake spread among six cousins. But regardless of ones heritage, one has to make the most of ones life, and I feel blessed to have been able to do what I am passionate about every day. According to a participant, Dodo Hamilton then raised a volatile question: Should they sell the company? 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. And I know several of them. There is no doubt in my mind.. At a 1989 meeting, according to two participants, Mary Alice referred to her cousins as "the little people. You try to breed the best to the best, Weber explains. What do you want your legacy to be as an athlete? The assertiveness of the voting trust did not sit well with Ippy and his brother, Bennett. . He learned, for example, that George Strawbridge Jr. had already sold some of his stock and was considering selling more. Weber is a devoted . At its heart: In the eyes of their cousins, Jack's branch of the family now represented by Ippy, Bennett and Mary Alice had wrongfully assumed primacy over the other branches. ". Think Bruce Springsteen, Lou Dobbs and the CEO of Lorillard. Until recently, my mom was a director. Dorrance Hill Hamilton, 62 "The only problem," he added, "is the one we've talked about before: Can you keep this covey of birds together? Much of their wealth was tied up in Campbell Soup stock. Dorrance Hamilton and Hope van Beuren, the daughters of Elinor, formed a voting trust to pool their shares. That's truly mmm, mmm good! All wore bandanas of red and white Campbell Soup colors. Big winners include Miesque's Approval,. It is one of my highest priorities to always be a good steward of the land.. Ippy's blunt style was viewed as boorish by some of his Eastern cousins, according to associates. It was her grandfather, John T. Dorrance, the one who invented condensed soup and founded the Campbell Soup. Maiden name. Whats your favorite business jet? 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. In 1984, at Jack's suggestion, Ippy was elected to the Campbell Soup board of directors. Charlotte Colket Weber is the granddaughter of condensed soup inventor and Campbell Soup founder John T. Dorrance. Yet, even with strong headwinds, resourceful and relentless entrepreneurs find new ways to get rich," Luisa Kroll, assistant managing editor of wealth at Forbes said in a news release. 2023 Forbes Media LLC. He left it more to Ippy to get involved," Johnson said. I am sure there are conductors who do a fantastic job getting the most out of an orchestra. I remember the day was Sept. 19 because thats the same day my daughter got married, Weber recalled. ". Amazon CEO Jeff Bezos, who is worth about $131 billion, topped the list for the second year in a row, followed by software magnate and philanthropist Bill Gates ($96.5 billion) and Berkshire Hathaway Chairman and CEO Warren Buffett ($82.5 billion). So he did nothing," said Belton Johnson. In the meantime, Jack received the dividends but he could not sell the stock. 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