Dean Phillips net worth is a result of his success and accumulated wealth.
Dean has been representing Minnesota’s 3rd congressional district, covering the western Twin Cities suburbs, since 2019.
Throughout his tenure, he has made significant contributions to both the commercial and political realms, leaving a lasting impact on his constituents.
The district includes diverse and vibrant cities such as Bloomington, Edina, Eden Prairie, Maple Grove, Minnetonka, and Plymouth.
As an influential Democrat, Dean’s path to success and his notable net worth have generated curiosity and interest.
His dedication to public service and commitment to his district continue to shape his remarkable career in politics.
Let’s delve into the details, unwinding the story behind his successes and net worth. Explore the journey that led him to where he is today.
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Dean Phillips political career
Politics didn’t start for Dean Phillips until 2018 when he made his first run for Congress from Minnesota’s 3rd Congressional District.
He defeated Cole Young in the Democratic primary with 81.6%. He handily defeated incumbent Republican Erik Paulsen in the primary with 55.6% of the vote.
Phillips’ 2019 victory makes him Minnesota’s first Democrat to represent the state since 1961.
In 2020, Phillips faced against Cole Young in the Democratic primary for reelection. He won 90.7% and became president.
He defeated the Republican candidate in the runoff with 55.6% to 45.4%.
Phillips easily won reelection in 2022, garnering 60% of the vote against the Republican challenger, former U.S. Navy lieutenant Tom Weiler.
Phillips hinted at a potential challenge to President Joe Biden in the 2024 election in July 2023.
Dean Phillips declared his candidature for the 2024 Democratic presidential primaries on October 27, 2023.
While submitting the papers to the Federal Election Commission the day before, he challenged the President in Concord, New Hampshire.
Dean Phillips business
Dean Phillips became President and CEO of the Phillips Distilling Company, his family business, in 2000 after graduating.
He sold the company to LVMH in 2012.
Phillips then took over his second family firm, the gelato enterprise Talenti, which he and his father had established in 2007.
In 2014, he sold the company to Unilever/
In 2016, Phillips opened up a coffee shop called Penny’s Coffee.
As of 2023, the company operates out of two different locations in the Twin Cities.
Dean Phillips net worth
Dean Phillips’s corporate success is due to his hard work, innovation, and political and business knowledge.
With an estimated $77 million net worth, he is one of Congress’s wealthiest members and can influence the nation’s future.
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