Newtown Square Billionaire the State’s Wealthiest Person in Forbes 400

Image via Forbes.
Newtown Square resident Victoria Mars is the state's wealthiest person, according to the new Forbes 400.

Coatesville resident Mary Alice Dorrance Malone, heiress to the Campbell Soup fortune, has been supplanted by Newtown Square’s Victoria Mars, heiress to her family’s candy and pet food company, as the wealthiest Pennsylvanian in the annual Forbes 400.

The 60-year-old Mars and her three sisters are heiresses to Mars, Inc., the company best known for M&Ms, Milky Way, and Skittles that was created by their great-grandfather in 1911. Victoria inherited her estimated eight percent stake in the company when her father Forrest Mars Jr. died in 2016.

Forbes estimates Victoria Mars’s net worth to be $6.3 billion, good enough for 79th place on the list.

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The 67-year-old Dorrance Malone checked in at No. 226 with a net worth of $3.3 billion. She is the largest shareholder of the Campbell Soup Company, as her grandfather, John T. Dorrance Sr., invented the condensed-soup formula that transformed the company in 1897.

“It was another record year for the wealthiest people in America, as the price of admission to the country’s most exclusive club jumped nearly 18 percent to $2 billion,” Forbes wrote. “A record 169 billionaires were too poor to make the cut.”

According to Forbes, President Donald Trump’s fortune fell $600 million to $3.1 billion. “A tough New York real estate market, a costly lawsuit, and an expensive presidential campaign all contributed to the declining fortune of the 45th president.”

Click here to see the entire 2017 Forbes 400.

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