Dean Phillips Net Worth: How Much is he Worth?

Do you want to know about Dean Phillips Net Worth? If yes, then you have stumbled upon the right article.

Dean Phillips, an American politician, has been in the news since he announced his candidacy for the 2024 Presidential election, challenging President Joe Biden.

He is known to be among the richest politicians in the United States. As such, people demand to learn about his fortune. Hence, we have a post detailing Dean Phillips net worth, including his salary, earnings, career and more.

So, without further delay, let’s begin.

Dean Phillips Net Worth 2023

The recent estimates show Dean Phillips net worth in 2023 is approximately between $20.5 million and $70 million.

He mainly earns his worth from his political career as a member of the U.S. House of Representatives and as a businessman. You will get a clear idea about his earnings in the next section.

Dean Phillips Salary and Earnings

With multiple sources of income, Phillips is one of the wealthiest politicians in the country.

His primary income source includes his salary as a U.S. House member. The average salary of a U.S. House of Representatives member is $174,000.

As Phillips is Minnesota’s 3rd congressional district representative in the House, he must earn a salary in this range.

Secondly, Phillips earns profit from his business ventures. He owns Penny’s Coffee, a coffee shop with two shop branches in the Twin Cities metropolitan area. He earlier owned a liquor industry that he inherited from his family and sold for $50 million in 2012.

Phillips co-founded Talenti, a gelato company he sold to Unilever for $1 billion in 2014. As per sources, Phillips’s annual income through his business and investment is around $20 million.

Additionally, Phillips owns around $90 million in real estate assets. He possesses a 3,200-square-foot mansion in the Makena Resort area, which he purchased for $10.5 million in 2022.

He also owns a 1.5-acre lot in the Haleakala National Park area, which he bought for $2.2 million in 2016. Phillips net worth grew by 200% during the Covid-19 pandemic.

Dean Phillips Biography And Early Life

Name	Dean Benson Phillips
Date of birth	January 20, 1969
Place of birth	Saint Paul, Minnesota, United States
Occupation	Businessman, politician
Political party	Democratic
Education	Brown University (BA) University of Minnesota Carlson School of Business (MBA)
Spouse	Annalise Glick
Children	2 Daughters
Current position	U.S. Representative from Minnesota’s 3rd congressional district (since 2019)
Net worth	$20.5-70 million

Dean Benson Phillips is a businessman and politician serving as the U.S. House of Representatives member from Minnesota’s 3rd congressional district since 2019.

He is a Democrat, and his district comprises the western suburbs of the Twin Cities, including Bloomington, Edina, Eden Prairie, Maple Grove, Minnetonka, and Plymouth.

The representative was born on January 20, 1969, in Saint Paul, Minnesota, U.S. As of 2023, he is 54 years old. His father, Arthur (Artie) Pfefer, was a captain in the United States Army.

When he was six months old, his father died in a helicopter crash in the Pleiku province in the Vietnam War on July 25, 1969. Unfortunately, Phillips never met his biological father.

His mother, DeeDee (Cohen), later married Eddie Phillips, the successor of the Phillips Distilling Company. Phillips relocated from Saint Paul to Edina in the 1970s.

Regarding his education, Phillips attended The Blake School in his town. He graduated from Brown University in 1991. After graduating, he joined the bicycle equipment and apparel company InMotion for two years.

Later, he obtained his Master of Administration from the Carlson School of Management at the University of Minnesota in 2000. After his education, Philips joined his family business, Phillips Distilling Company, as the CEO. He served as the company’s president and CEO from 2000 to 2012.

Dean Phillips Wife And Family

Dean Phillips’s family consists of his wife and children. He married Karin Einisman in 1995 but divorced her in 2015. He married Annalise Glick for the second time in 2019, and the couple has been together since then.

Phillips has two daughters, Daniela and Pia, from his first marriage, and he is also a stepfather to Annalise’s son, Henry.

Dean Phillips Career

Dean Phillips began his political career in 2018 when he ran for the U.S. House of Representatives to represent Minnesota’s 3rd Congressional District.

He won the Democratic primary against Cole Young with 81.6% of the vote. Later, he won the general election by defeating Republican incumbent Erik Paulsen with 55.6% of the vote. With his victory in 2019, Phillips became the first Democrat to represent Minnesota since 1961.

Phillips ran for reelection in 2020 against Cole Young in the Democratic primary. He won the election with 90.7% of the vote. He then defeated the Republican candidate, businessman Kendall Qualls, with 55.6% of the vote in the general election.

Phillips again won his reelection bid in 2022 against Republican nominee Tom Weiler, a retired U.S. Navy officer, with 60% of the votes.

In July 2023, Phillips indicated he could run against President Joe Biden in the 2024 Presidential race.

On October 27, 2023, Dean Phillips announced his candidacy for the 2024 Presidential primaries. He challenged the President in Concord, New Hampshire while filing the paperwork with the Federal Election Commission the previous day.

Dean Phillips Business

After his education, Dean Phillips began his career as the President and CEO of his family business firm, Phillips Distilling Company, in 2000. He worked at the organization until 2012 when he sold the firm to LVMH.

Phillips then began running his other corporate business, Talenti, a gelato company he and his father founded in 2007. He later sold the firm to Unilever in 2014.

Phillips founded a coffee shop, Penny’s Coffee, in 2016. As of 2022, the business has two locations in the Twin Cities area.

Dean Phillips Education

Phillips completed his schooling at TheBlake School in his town. He obtained his graduation degree from Brown University in 1991. Later, he earned his Master of Administration from the Carlson School of Management at the University of Minnesota in 2000

Frequently Asked Questions

What is Dean Phillips net worth in 2023?

As per the recent estimate, Dean Phillips net worth in 2023 is between $20.5 million and $70 million.

Who is Dean Phillips’s wife?

Dean Phillips’s first wife is Karin Einisman, whom he married in 1995 but divorced in 2015. His current wife is Annalise Glick, ​whom he married in 2019.

Does Dean Phillips have children?

Yes. Dean Phillips has two daughters from his first marriage. They are Daniela and Pia.

How old is Dean Phillips?

Dean Phillips is 52 years old.

What is the nationality of Dean Phillips?

As Dean Phillips was born in Minnesota, U.S., he holds American nationality.

When was Dean Phillips born?

Dean Phillips was born on January 20, 1969.