WEST CHESTER—A Coatesville-area resident this week made the list of one of only 10 billionaires in Pennsylvania.
Mary Alice Dorrance Malone, the largest shareholder of the Campbell Soup Company has a net worth of just over $1 billion, according to Forbes’ 33rd annual ranking of the world’s billionaires. The ranking includes 2,153 people – 55 fewer than last year -- who have a combined wealth of $8.7 trillion.
Malone 69, sits on Campbell's board alongside her billionaire brother, Bennett Dorrance. Their grandfather, John T. Dorrance Sr., invented the condensed-soup formula that transformed the company in 1897.
Malone is often seen at equestrian sporting events, and she owns estates and performance centers in Pennsylvania and Florida.
In Pennsylvania, those making the list in addition to Malone are:
Victoria Mars, Philadelphia, whose weath comes from Candy and pet food with a net worth of $6 billion; John Middleton, Bryn Mawr, whose weath comes from tobacco, with a net worth of $3.1 billion; Michael Rubin, of Bryn Mawr Online retail, with a net worth of $3 billion; Thomas Hagen, who built wealth from Erie Insurance, with a networth of $2.8 billion; Jeffrey Lurie, Wynnewood, Philadelphia Eagles, with a net worth of $2.1 billion; Brian Roberts, of Philadelphia Comcast with a net worth of $1.8 billion; Richard Hayne, Philadelphia Urban Outfitters, with a net worth of $1.2 billion; David Paul, who made his money with Audubon Medical devices, has a net worth of $1.2 billion; and Richard Yuengling, of Pottsville, whose made money from beer, is valued at $1.2 billion.
Nationally, Amazon CEO Jeff Bezos is worth about $131 billion, and topped the list for the second year in a row, according to the Forbes report. He is followed by software magnate and philanthropist Bill Gates ($96.5 billion) and Berkshire Hathaway Chairman and CEO Warren Buffett ($82.5 billion).
Last year, 2,208 people made the list and had a combined wealth of $9.1 trillion. Forbes said this represents the first decrease in billionaires and their combined wealth since 2016, and only the second decrease in a decade.
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. Jenner, who ranked 2,057 on the list, owns 100 percent of Kylie Cosmetics.