Campbell Soup Co. heir buys property in ultra-exclusive Hawaii resort community
Billionaire Bennett Dorrance, the heir to the Campbell Soup Co. fortune has purchased a nearly 38,000-square-foot estate in the ultra-exclusive Big Island of Hawaii’s Kukio master-planned community for a whopping $27.5 million, Shimogawa Scoops has learned.
The property includes a 7,343-square-foot, five-bedroom,
six-bedroom mansion in what is known by some as “Billionaire’s Getaway” in
Hawaii that’s located on island’s Kona coast. The purchase comes out to Dorrance
paying $725.65 per square foot for the land.
Dorrance, who is familiar with Hawaii as the founding
partner of Arizona-based DMB Associates, which developed Kauai’s
ultra-exclusive Kukuiula master-planned community on the island’s South Shore,
owns a 15 percent stake in Campbell Soup.
His grandfather invented the company’s well-known condensed
soup formula. The younger Dorrance has an estimated net worth of about $2.6
billion, according to Forbes.
Others owning a piece of real estate at Kukio include billionaire
Michael Dell and the former CEO of Wells Fargo.
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