Rep. Dean Phillips, D-Minn., announced Wednesday he is suspending his presidential campaign following a poor performance—including in his home state—in Super Tuesday primaries, ending a long-shot campaign by the Minnesota liquor titan worth $50 million that focused partly on President Joe Biden’s age.
One of the wealthiest members of Congress, Phillips endorsed incumbent President Joe Biden after ... [+]
In a statement posted to X, Phillips thanked his supporters and said he will continue work to “ensure a more responsive, democratic, and generationally diverse political system.”
Phillips went on to endorse Biden, saying “But today, in light of the stark reality we face, I ask you join me in mobilizing, energizing, and doing everything you can to help keep a man of decency and integrity in the White House.”
This is a breaking story and will be updated.
Phillips is worth about $50 million, making him the fourth-wealthiest person to run for president this year—well ahead of Biden’s $10 million but behind Trump’s $2.6 billion. He helped run his family’s distilling company and the Talenti gelato company.