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Dean Phillips Net Worth: 2024 Presidential Candidate From Business to Ballots

Dean Phillips Net Worth

Last updated on November 10th, 2023 at 11:18 pm

Congressman Dean Phillips from Minnesota has recently announced his entry into the presidential race, positioning himself as a fresh face in the political arena. Congressman with a net worth that reads like a business success story, who’s turning the page on traditional campaign funding.

With a background as a successful entrepreneur and a current role as a Democratic representative, Phillips brings a unique blend of business savvy and political insight to the table. His slogan, “Make America Affordable Again,” captures his focus on the cost of living and economic accessibility.

Dean Phillips Net Worth and Annual Income

Phillips boasts a net worth of $150 million as of late 2023, a testament to his business success and strategic investments. His annual income is reported at $20 million, stemming from his business ventures and investments. This wealth includes an inheritance of $28 million and real estate assets worth $90 million.

Income Sources and Real Estate Assets 

His financial journey began with the Phillips Distilling Company, a family business that saw a lucrative sale to LVMH for $50 million in 2012. Phillips also co-owned Talenti, a gelato brand that Unilever acquired for $1 billion in 2014. His real estate portfolio includes a $10.5 million home in Maui’s Makena Resort area and a 1.5-acre lot in Haleakala National Park, showing a penchant for valuable property investments.

Dean Phillips: Biography Overview

Full NameDean Benson Phillips
Date of BirthJanuary 20, 1969
Age54 years old, (As of 2023)
BirthplaceSaint Paul, MN
Height5’10” (177.8 cm)
ParentsFather:  Artie Pfefer 
Mother: DeeDee (Cohen)
WifeAnnalise Glick (m. 2019)
First WifeKarin Einisman (divorced)
ChildrenTwo daughters, Pia and Daniela
Net Worth$150 million
Annual Income$20 million
EducationGraduated from Brown University, attended Carlson School of Management (1998–2000)
Social MediaTwitter, Instagram
Business CareerFormer leader of Phillips Distilling, co-founder of Talenti Gelato, co-founder of Penny’s Coffee
Current RoleU.S. Representative for Minnesota’s 3rd congressional district since 2019
District DetailsIncludes western suburbs of the Twin Cities, such as Bloomington, Minnetonka, Edina, and more
Political StanceDemocrat, known for bipartisan collaboration and pragmatic governance
Legislative FocusHealthcare costs, environmental protection, veterans’ affairs
Community EngagementEstablished the Phillips Family Foundation, ownership in historic venues, hosts community events at Penny’s Coffee
Personal InterestsMarathon running, environmental advocacy, social media engagement
Presidential AmbitionsExpressed interest in the 2024 presidential race with a focus on economic issues

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Family and Personal Life

Early Life’s Journey and Education

Born on January 20, 1969, in Saint Paul, Minnesota, Phillips has a deep connection to the state he serves. Phillips’s story is marked by both privilege and personal loss and adopted into wealth after his biological father died in Vietnam. His district is a hub of suburban life, encompassing areas known for their vibrant communities and economic activity, such as Bloomington, Minnetonka, Edina, Maple Grove, Plymouth, and Eden Prairie.

Phillips’s journey is marked by his educational pursuits at the Carlson School of Management, where he honed his skills between 1998 and 2000. He graduated from Brown University and led his family’s business. His political career began as a response to the Trump presidency, with a focus on collaborative and community-focused efforts.

Dean Phillips First Wife Karin Einisman And Annalise Glick

Phillips’s personal life has seen significant changes over the years. He was first married to Karin Einisman in 1995, with whom he has two daughters, Pia and Daniela. The marriage ended in 2015, and Phillips later married Annalise Glick in 2019. Glick, an art consultant, has been described as having a background that “complements Dean’s journey in business and politics.”

Dean Phillips wife

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  • Ice Cream Innovator: Before his political career, Dean Phillips was part of the team that brought Talenti Gelato to freezer aisles across America. This brand started from humble beginnings and grew into a dessert staple, eventually catching the eye of Unilever.
  • Coffee Connoisseur: Phillips co-founded Penny’s Coffee, a chain that not only serves up lattes but also acts as a community gathering space, hosting events from poetry readings to political discussions.
  • Philanthropic Focus: Phillips doesn’t just talk the talk; he walks the walk. He established the Phillips Family Foundation, which focuses on advancing education, promoting wellness, and supporting the arts.
  • Environmental Advocate: An avid outdoorsman, Phillips is deeply committed to environmental causes. He’s known for his efforts to protect Minnesota’s lakes and natural beauty, which he often references as a key motivation for his public service.
  • Marathon Runner: Phillips isn’t just running for office; he’s also a marathon runner. This discipline and endurance are qualities he brings to his work in Congress, emphasizing the long game in both policy and politics.
  • Tech-Savvy Representative: In an effort to connect with younger constituents, Phillips has been known to engage through social media platforms and even hosted virtual town halls using the latest online tools.
  • Historic Venue Owner: Phillips is part of the ownership group of the Commodore Bar and Restaurant, a storied establishment in St. Paul that once played host to F. Scott Fitzgerald and other literary figures.
  • Advocate for Veterans: Drawing from his personal history with his father’s military service, Phillips is a strong advocate for veterans’ affairs, focusing on improving care and services for those who served.

Dean Phillips Political Career 

Since 2018, Phillips has served as a congressman, known for his commitment to working across the aisle and engaging with the community. Dean Phillips has stated his campaign will initially be self-funded, with plans to seek donor support as the campaign progresses. His approach to politics is centered on the idea of unity and addressing the nation’s divisions.

2024 Presidential Campaign 

In discussing his presidential bid, Phillips has emphasized the need for new leadership, saying, “It’s time for a new generation of leadership.” His campaign is built on the promise of optimism and the goal of unifying a country that is currently divided.

As Phillips steps into the presidential race, his blend of business acumen and a compelling personal narrative sets him apart as a candidate who not only understands the American dream but also the complexities of the current political climate.

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Who was Dean Phillips’ first wife?

Dean Phillips was first married to Karin Einisman. The couple divorced in 2015.

Who is Dean Phillips currently married to?

Dean Phillips has been married to Annalise Glick since 2019.

Is Dean Phillips a Democrat or a Republican?

Dean Phillips is a member of the Democratic Party.

What is Dean Phillips’s net worth?

Dean Phillips has a net worth of approximately $150 million and an annual income of around $20 million.

Is Dean Phillips adopted?

Yes, Dean Phillips was adopted. After his biological father, Artie Pfefer, was killed in the Vietnam War when Phillips was six months old, his mother, DeeDee, later married Eddie Phillips, heir to the Phillips Distilling Company. Eddie Phillips adopted Dean, and he grew up as a member of the Phillips family.

What businesses has Dean Phillips been involved with?

Dean Phillips has been involved in several businesses, including serving as the president and CEO of his family’s liquor business, Phillips Distilling Company, co-owning Talenti gelato, and founding Penny’s Coffee.

Has Dean Phillips served in any public office before Congress?

Before his election to Congress, Dean Phillips was primarily involved in business and had not held public office.

What is Dean Phillips known for in Congress?

Dean Phillips is known for being a centrist and a moderate Democrat. He has focused on issues such as campaign finance reform and small business support.

What committees does Dean Phillips serve on?

The specific committees Dean Phillips serves on can change with each Congress, but historically, he has been involved in committees related to small businesses and entrepreneurship, among others.

Disclaimer: The data and net worth figure provided is an estimate and subject to change.

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