Billionaire John Dorrance III (76) and his Finnish-born wife Gundel left behind their Wyoming ranch in 1994 and moved to Ireland, taking up residence in a Georgian house in Dartry, Dublin 6. The wealth came from John ‘Ippy’ Dorrance’s stake in the family business Campbell Group, whose soup cans inspired Andy Warhol’s graphic art. He is the grandson of John Thompson Dorrance, the American chemist who discovered a method to create condensed soup.
Ippy Dorrance sold his stake in the company in the 1990s. The family continues to have a substantial shareholding, although it has overhauled the board in recent years to appease activist shareholders.
According to the Washington Post, Dorrance renounced his US citizenship and moved to Ireland in an attempt to avoid estate taxes and capital gains taxes.
He was reportedly granted a passport after he invested $1.5m in a 1,000 acre tree-planting project here.
Dorrance has two children but has been extremely low profile in recent years.