Dean Phillips has an impressive entrepreneurial resume outside of politics. After his mother remarried when he was a child, they became members of the Phillips family, which founded the Phillips Distilling Company, a distilled spirits manufacturer. Phillips joined the family business in 1993, which introduced the popular vodka Belvedere in the United States. He remained CEO of the company from 2000 to 2012. He went on to manage Josh Hochschuler’s gelato company Talenti, which his father invested in. The ice cream became wildly popular and was eventually sold to Unilever in 2014 for an undisclosed amount.
With his many career endeavors, Phillips has amassed a net worth between $20.5 million and $70 million, according to a financial disclosure report obtained by Axios. Therefore, even if he does lose to President Joe Biden on the campaign trail, he’ll be comfortable in the aftermath of the election. Such wealth has also been how Phillips has maintained his campaign.
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