Do you want to know more about Dean Phillips’ net worth? If yes, then you have come to the right article.
American politician Dean Phillips has been in the news since he announced his candidacy for the 2024 presidential election, challenging President Joe Biden.
He is known to be one of the richest politicians in the United States. As such, people are demanding to know his fortune. Therefore, we have an article detailing Dean Phillips’ net worth including his salary, earnings, career and more.
So, without further ado, let’s get started.
Dean Phillips Net Worth 2023
Recent estimates show that Dean Phillips’ net worth in 2023 is approximately between $20.5 million and $70 million.
He derives his worth mainly from his political career as a member of the US House of Representatives and as a businessman. You will get a clear idea of his income in the next section.
Dean Phillips Salary and Earnings
With multiple sources of income, Phillips is one of the richest politicians in the country.
His primary source of income includes his salary as a member of the United States House of Representatives. The average salary for a member of the United States House of Representatives is $174,000.
Since Phillips is the representative of Minnesota’s 3rd Congressional District in the House, he must earn a salary in this range.
Second, Phillips makes money from his businesses. He owns Penny’s Coffee, a coffee shop with two locations in the Twin Cities metro area. He previously owned an alcohol business that he inherited from his family and sold for $50 million in 2012.
Phillips co-founded Talenti, an ice cream company that he sold to Unilever for $1 billion in 2014. According to sources, Phillips’ annual income from his company and investments is around $20 million.
Additionally, Phillips owns approximately $90 million in real estate assets. He owns 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 plot of land in the Haleakala National Park area, which he purchased for $2.2 million in 2016. Phillips’ net worth increased 200% during the Covid-19 pandemic .
Biography and early life of Dean Phillips
| Name | Dean Benson Phillips |
| Date of birth | January 20, 1969 |
| Place of birth | St. Paul, Minnesota, United States |
| Occupation | Businessman, politician |
| Political party | Democratic |
| Education | Brown University (BA) University of Minnesota Carlson School of Business (MBA) |
| Spouse | Annalize Glick |
| Children | 2 girls |
| Current position | U.S. Representative from Minnesota’s 3rd congressional district (since 2019) |
| Net value | $20.5 to $70 million |
Dean Benson Phillips is a businessman and politician who has served as a member of the United States House of Representatives from Minnesota’s 3rd congressional district since 2019.
He is a Democrat and his district includes 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, United States. In 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 Pleiku Province during the Vietnam War on July 25, 1969. Unfortunately, Phillips never met his biological father.
His mother, DeeDee (Cohen), later married Eddie Phillips, the successor to the Phillips Distilling Company. Phillips moved 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 graduation, he joined the bicycle equipment and clothing company InMotion for two years.
Later, he received his master’s degree in administration from the Carlson School of Management at the University of Minnesota in 2000. After his studies, Philips joined his family business, Phillips Distilling Company, as CEO. He served as president and CEO of the company from 2000 to 2012.
Dean Phillips Wife and Family
Dean Phillips’ family consists of his wife and children. He married Karin Einisman in 1995 but divorced in 2015. He married Annalize Glick for the second time in 2019, and the couple have been together ever since.
Phillips has two daughters, Daniela and Pia, from his first marriage, and he is also the stepfather of Annalise’s son Henry.
Career of Dean Phillips
Dean Phillips began his political career in 2018 when he ran for the United States House of Representatives to represent Minnesota’s 3rd congressional district.
He won the Democratic primary against Cole Young with 81.6% of the vote. He later won the general election, 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 re-election in 2020 against Cole Young in the Democratic primary. He won the election with 90.7% of the vote. He then beat the Republican candidate, businessman Kendall Qualls, with 55.6% of the vote in the general election.
Phillips won reelection again in 2022 against Republican candidate Tom Weiler, a retired U.S. Navy officer, with 60% of the vote.
In July 2023, Phillips indicated that he might 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 as he filed paperwork with the Federal Election Commission the day before.
Dean Phillips Affairs
After graduating, Dean Phillips began his career as President and CEO of his family business, Phillips Distilling Company, in 2000. He worked with the organization until 2012, when he sold the company to LVMH.
Phillips then began running his other business, Talenti, an ice cream company that he and his father founded in 2007. He later sold the company to Unilever in 2014.
Phillips founded a coffee shop, Penny’s Coffee, in 2016. As of 2022, the company has two locations in the Twin Cities area.
Dean Phillips Education
Phillips completed his education at TheBlake School in his town. He graduated from Brown University in 1991. Later, he received his master’s degree in 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?
According to the recent estimation, Dean Phillips’ net worth in 2023 is between $20.5 million and $70 million.
Who is Dean Phillips’ wife?
Dean Phillips’ first wife is Karin Einisman, whom he married in 1995 but divorced in 2015. His current wife is Annalize 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 Dean Phillips’ nationality?
Since Dean Phillips was born in Minnesota, United States, he holds American nationality.
When was Dean Phillips born?
Dean Phillips was born on January 20, 1969.