Official portrait: unitedstates/images (public domain; source GPO Member Guide)
Rep. Dean Phillips (D-MN)
House · Democrat (most recent term) · MN-3 · in Congress 2019–2025 · Bioguide ID P000616
Party history: D 2019–2025. Source: term data in unitedstates/congress-legislators (CC0); party shown is as recorded per term there.
Estimated net worth (from public disclosures)
| Estimate | Report year | Low | Mid | High |
|---|---|---|---|---|
| (a) Estimated net worth before entering office (report year 2018) | 2018 | $20,457,476 | $58,420,237 | $96,382,998 |
| (b) Latest net worth estimate | 2023 | $12,513,049 | $43,829,524 | $75,145,998 |
| (c) Estimated gain / loss, nominal dollars, 2018 → 2023 (5 years spanned) | 2018–2023 | −$83,869,949 | −$14,590,714 | +$54,688,522 |
Gain Low = latest Low − earliest High; Gain High = latest High − earliest Low (widest possible spread); Mid = latest Mid − earliest Mid.
Reliability flags (net worth): 2018: 3 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket; 2023: 3 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket. Included in the recommended dollar-gain ranking.
Net worth by report year (mid; Low–High)
| Report year | Assets (mid) | Liabilities (mid) | Net worth mid | Low … High | Status / flags |
|---|---|---|---|---|---|
| 2018 | $64,420,238 | $6,000,001 | $58,420,237 | $20,457,476 … $96,382,998 | computed; 3 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2019 | $63,228,258 | $6,000,001 | $57,228,256 | $20,383,515 … $94,072,998 | computed |
| 2020 | $53,190,250 | $6,000,001 | $47,190,248 | $16,808,499 … $77,571,998 | computed; 2 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
| 2021 | $50,823,558 | $6,000,001 | $44,823,558 | $12,242,117 … $77,404,998 | computed |
| 2022 | $45,089,057 | $3,750,001 | $41,339,056 | $14,458,114 … $68,219,998 | computed |
| 2023 | $47,579,524 | $3,750,001 | $43,829,524 | $12,513,049 … $75,145,998 | computed; 3 Schedule A row(s) had the upper bound of the range lost in text extraction; completed from the fixed statutory bracket |
- What this is: Net worth = Schedule A assets (each value range at its midpoint; low–high range shown) minus Schedule D liabilities (midpoints / ranges). Low = assets at range floors minus liabilities at range ceilings; Mid = midpoints; High = assets at ceilings minus liabilities at floors. Low and High are outer bounds of the reported ranges, not likely outcomes.
- What it excludes / understates: exact values (only ranges are reported); a personal residence is not reported as an asset (although a mortgage on it may be listed as a liability, which then lowers the estimate); retirement and federal accounts (e.g. Thrift Savings Plan, defined-benefit pensions) are only partly or not reported; assets of excepted/blind trusts, cash held below reporting thresholds, vehicles, household goods and most spouse/dependent items exempt from reporting are not included; liabilities on a personal residence, revolving credit under thresholds and loans to family may be omitted by filers.
- Open-ended top ranges (e.g. “Over $50,000,000”) are counted at their lower bound and flagged, so such values are understated.
- The change is a change in estimated net worth in nominal dollars (no inflation adjustment). It includes salary, gifts, inheritances, business income and re-valuation as well as investment results, and it is subject to range-bracket noise; it is not an investment return and implies nothing about conduct.
Read this first. Members report asset values only as ranges (e.g. “$15,001 – $50,000”), never exact dollars. Every figure below is an estimate computed from range midpoints, not a measured return. Figures cannot be interpreted as investment performance, and they do not show wrongdoing or skill. Methodology and limitations are at the end and in the project README. Sources: public financial disclosure reports filed with the Clerk of the U.S. House of Representatives and/or the Secretary of the Senate (Senate eFD), linked below.
Avg. annual change (geometric, est.)-12.7%
Simple average of years-11.9%
Years estimated5
Best / worst single year2022 +6%
2021 -29%
2021 -29%
Reliability flags: 8 unparsed value(s).
Sensitivity band for the average (all ranges at floor vs. all at ceiling, same holdings both years): -13.9% to -12.4%. This band is narrow because it moves both years together; the true uncertainty is larger — see the per-year “strict envelope” column and the limitations.
Estimated year-over-year change
Bars: midpoint estimate; whisker: same-position floor/ceiling band. Axis clipped to −100%…+150%. Years with insufficient traceable holdings are omitted.
| Year (t−1 → t) | Opening value (mid) | Closing value (mid) | Income (mid) | Buys (mid) | Sales (mid) | Est. gain | Same-position band | Strict envelope | Traced coverage | Status / flags |
|---|---|---|---|---|---|---|---|---|---|---|
| 2018→2019 | $59,811,226 | $55,958,716 | $1,400,330 | $1,330,042 | $1,034,548 | -4.6% | -4.7% … -4.2% | -113% … +103% | 94% | counted |
| 2019→2020 | $59,378,222 | $48,426,225 | $1,332,002 | $4,875,053 | $3,424,552 | -18.6% | -20.2% … -13.7% | -119% … +81% | 94% | counted |
| 2020→2021 | $49,205,740 | $32,160,054 | $2,381,990 | $207,002 | $712,005 | -28.8% | -33.3% … -27.2% | -115% … +57% | 98% | counted |
| 2021→2022 | $49,984,555 | $43,125,052 | $6,917,734 | $0 | $3,097,502 | +6.3% | +2.2% … +7.4% | -112% … +125% | 98% | counted |
| 2022→2023 | $37,225,042 | $27,864,021 | $3,903,523 | $0 | $375,000 | -13.7% | -15.8% … -13.1% | -124% … +97% | 83% | counted |
Filings used
Each annual-report year uses one filing (most recently filed version among originals/amendments whose Schedule A row count is ≥ 40% of the largest). Electronic (text) PDFs are parsed. Scanned/image-only filings are OCR-read and used only if they pass the explicit validation gates described in the project README (value/income coverage, two-engine agreement, exact bracket snapping, page completeness, year-to-year position continuity); such years are labelled OCR-derived below. Scanned filings that fail validation are listed as “insufficient data – scanned”.
| Report year | Doc ID | Type | Filed | Schedule A rows | Rows with unparsed value | Source (official filing) / SHA-256 |
|---|---|---|---|---|---|---|
| 2018 | 10029142 | House amendment | 8/30/2019 | 656 | 3 | 10029142.pdfee15f5bc9be8070e96b0785e8cd6c9c308b57f753a6848b3dbc1d4009982c213 |
| 2019 | 10035845 | House annual | 8/13/2020 | 595 | 0 | 10035845.pdf5d197557c29804fe084f420a8de9c3b7b1e00bd34aec88a75f77aadc85bb9ff2 |
| 2020 | 10044439 | House amendment | 1/28/2022 | 538 | 2 | 10044439.pdf6b7e2c481d4d962b2d3adcb1d8230d95023d1294c8e938af77cc9ccd6e515e4e |
| 2021 | 10047084 | House annual | 8/13/2022 | 513 | 0 | 10047084.pdf8e59fd1d1086fa0e956c4c9c29505fc5bae3038fb46500a73c4720ed6513e577 |
| 2022 | 10052962 | House annual | 8/12/2023 | 118 | 0 | 10052962.pdfafac01bc179325ad1bf5a3dd4447768d60e4129264652381787bdade487eb863 |
| 2023 | 10057744 | House annual | 8/13/2024 | 115 | 3 | 10057744.pdf6af64a0d395b6f2a882a7c5b598fe7b85ccc0d0fe29ec4a61a93085a18eedfa0 |
Largest movers 2020→2021
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| Vanguard Intm Trm T/E - ADM (VWIUX) [MF] | — | held | $1,000,001 - $5,000,000 | None | $0 | $0 |
| JPM Tax Free MMkt Inst Sweep Fd [MF] | — | held | $1,000,001 - $5,000,000 | None | $0 | $0 |
| SPDR S&P 500 ETF Trust (SPY) [EF] | — | held | $1,000,001 - $5,000,000 | None | $0 | $175,000 |
| - Cash Accounts ⇒ Cash in JP Morgan checking accounts [BA] | — | held | $250,001 - $500,000 | $1,000,001 - $5,000,000 | $0 | $0 |
| - Trust 1 ⇒ JPM Tax Free MMkt Inst Sweep Fd [BA] | — | held | $500,001 - $1,000,000 | $1,000,001 - $5,000,000 | $0 | $0 |
| - Trust 2 ⇒ JPMorgan Investor Grow Fd - Cl I (ONIFX) [MF] | — | held | $500,001 - $1,000,000 | $1,000,001 - $5,000,000 | $0 | $0 |
| CD&R Fund X Private Investors, Cayman LP [HE] | — | held | $500,001 - $1,000,000 | $1,000,001 - $5,000,000 | $0 | $0 |
| - Cash Accounts ⇒ Cash in JP Morgan investment accounts [BA] | — | held | $1,000,001 - $5,000,000 | $500,001 - $1,000,000 | $0 | $0 |
Largest movers 2021→2022
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| - Trust 1 ⇒ Cash in JP Morgan investment account [BA] | — | held | $100,001 - $250,000 | $1,000,001 - $5,000,000 | $0 | $0 |
| - Cash Accounts ⇒ Cash in JP Morgan checking accounts [BA] | — | held | $1,000,001 - $5,000,000 | $500,001 - $1,000,000 | $0 | $0 |
| - Trust 2 ⇒ JPMorgan Investor Grow Fd - Cl I (ONIFX) [MF] | — | held | $1,000,001 - $5,000,000 | $500,001 - $1,000,000 | $0 | $32,500 |
| - Fialko, LLC ⇒ Outsell, Inc. [OL] | — | held | $500,001 - $1,000,000 | $250,001 - $500,000 | $0 | $0 |
| Starwood SOF XI Private Investors [HE] | — | held | $250,001 - $500,000 | $500,001 - $1,000,000 | $0 | $0 |
| - Trust 1 ⇒ SPDR S&P 500 ETF Trust (SPY) [EF] | — | held | $500,001 - $1,000,000 | $250,001 - $500,000 | $0 | $0 |
| - Privately-Held Business Entities ⇒ Spark Boulder 24, LLC [OL] | — | exited | $250,001 - $500,000 | — | $0 | $32,500 |
| - Trust 1 ⇒ Ishares MSCI EAFE Index Fund (EFA) [EF] | — | held | $250,001 - $500,000 | $100,001 - $250,000 | $0 | $0 |
Largest movers 2022→2023
| Position (as written in filing) | Owner | Kind | Opening range(s) | Closing range(s) | Buys (mid) | Sales (mid) |
|---|---|---|---|---|---|---|
| - Trust 1 ⇒ JPM Tax Free MMkt Inst Sweep Fd [BA] | — | held | $1,000,001 - $5,000,000 | None | $0 | $0 |
| - Trust 1 ⇒ Cash in JP Morgan investment account [BA] | — | held | $1,000,001 - $5,000,000 | None | $0 | $0 |
| - Cash Accounts ⇒ Cash in JP Morgan checking accounts [BA] | — | held | $500,001 - $1,000,000 | $1,000,001 - $5,000,000 | $0 | $0 |
| Cerberus VI Private Investors, LLC [HE] | — | held | $1,000,001 - $5,000,000 | $500,001 - $1,000,000 | $0 | $0 |
| - Trust 1 ⇒ Promissory Note - Dean B. Phillips [DO] | — | held | $500,001 - $1,000,000 | None | $0 | $0 |
| Apollo EPF III Private Investors, LLC (Onshore) [HE] | — | held | $500,001 - $1,000,000 | $250,001 - $500,000 | $0 | $0 |
| - 100 University Family Limited Partnership ⇒ Baird Brokerage ⇒ Baird - Cash [BA] | — | held | $250,001 - $500,000 | $100,001 - $250,000 | $0 | $0 |
| - Trust 1 ⇒ JPMorgan BetaBuilders Canada ETF (BBCA) [EF] | — | held | $100,001 - $250,000 | None | $0 | $0 |
Method (summary)
- Schedule A asset rows are read from each annual report; the dollar range for each row is converted to its midpoint. Open-ended top ranges (“Over $50,000,000”) are excluded from the traced set and counted as a coverage loss.
- Positions are matched year to year by owner code (self/SP/DC/JT) + normalised asset name. A position that appears only in year t is included only if Schedule B shows a purchase of it in year t (opening value 0); a position that disappears is included only if Schedule B shows a sale (closing value 0). Otherwise it is excluded as unexplained.
- Estimated gain = (closing − opening + reported income − purchases + sale proceeds) ÷ opening, all at midpoints, for the traced positions. “Capital gains” income is not added again (it is already in value change and sale proceeds).
- A year counts only if traced opening value ≥ $50,000 and traced coverage ≥ 60% of the opening midpoint. A member is ranked only with ≥ 3 such years (exactly 2 = “limited data”, shown but unranked). Average = geometric mean of (1+yearly estimate).
Limitations
- Ranges are wide (up to a factor of 5 or more, and up to $50M+ open-ended); a holding can move between ranges without any real change in value, and stay in a range while moving materially. Yearly estimates are therefore noisy; the “strict envelope” shows the mathematical worst/best case and is typically wider than ±100%.
- Purchases and sales are only disclosed as ranges and only for transactions over $1,000; partial sales, dividend reinvestment, spousal/dependent accounts and retirement-plan funds are reported inconsistently. Excepted/blind trusts, personal residences and certain pensions are not reported at all.
- Filers sometimes change how they list assets (e.g. listing a brokerage account vs. its individual holdings), which can make positions untraceable across years; these are excluded rather than guessed.
- Asset values in an annual report are as of Dec 31 of the reporting year; the report year t−1→t covers that calendar year. Late or amended filings are used when filed; extensions can delay them.
- The text of these reports is machine-parsed from PDFs; parse errors are possible. Every number links back to the cited filing. This is not investment advice.
- Use of these filings is restricted by 5 U.S.C. § 105(c) (no unlawful, commercial or credit-rating purpose, and none for solicitation of money).
Generated 2026-10-01 by an automated pipeline. Data: Office of the Clerk, U.S. House of Representatives (disclosures-clerk.house.gov); member roster: unitedstates/congress-legislators (CC0).