David Trone’s net worth revealed: How rich is the former U.S. representative from Maryland?

David Trone is an American alcoholic beverage businessman and Democratic politician who served as the U.S. representative for Maryland’s 6th congressional district from 2019 to 2025. He focused on bipartisan efforts to advance criminal justice reform, mental health care, and solving the opioid epidemic. Today, we’ll explore David Trone’s net worth and reveal his sources of income. 

Who is David Trone?

David Trone was born in Cheverly, Maryland, on September 21, 1955. He grew up on a family farm and worked in his mother’s soda and beer store. The experience would prove to be crucial in his later life.

Trone graduated magna cum laude from Furman University and received an M.B.A. from the Wharton School of the University of Pennsylvania. Simultaneously with his studies, he opened a beer-only retailer named Beer World, which would grow to become Total Wine & More, the largest independent retailer of wine, beer, and spirits in the United States, with more than 240 stores across the nation.

David Trone’s first attempt at entering politics came in 2016’s Democratic primary to succeed Chris Van Hollen in Maryland’s 8th congressional district. He spent $13 million out of his own money on the campaign, which became the costliest self-funded House campaign ever. Although it proved unsuccessful, he went on to win Maryland’s 6th district seat in 2017. 

In 2024, he lost the senatorial Democratic primary to Prince George’s County executive Angela Alsobrooks.

What is David Trone’s net worth?

Disclaimer: While we strive to estimate net worth accurately from filings, disclosure rules have shortcomings. Personal residences, certain personal property, and federal retirement accounts are often not reported. Large assets can be listed in broad categories like “Over $1 million” or “Over $50 million,” potentially worth much more. Likewise, state financial forms may omit residential property and liabilities like mortgages.

How did David Trone make his money?

Here is a summary of Trone’s publicly known business choices and sources of income:

• Politics: David Trone’s former role as a U.S. Representative from Maryland came with an annual salary of $174,000; 

• Business ownership: David Trone has founded the largest independent alcoholic beverage retailer in the United States. The many LLCs that comprise this alcohol magnate network make up the bulk of David Trone’s net worth;

With Finbold Signals, you can receive crucial information in near real-time and use it to improve your investing decision-making process. Additionally, with this tool, you can track institutional investors and insider trading activities and receive other important updates via email, Discord, and Telegram.

David Trone’s assets

Due to the flaws of the annual financial reporting system, it is not possible to precisely determine David Trone’s total net worth. However, we can still approximate the value of his most significant assets:

• Retail Services & Systems, Inc. (Bethesda, MD, US) – an alcoholic beverage retailer with an estimated value of between $5 million and $25 million;
• Colorado Fine Wines & Spirits, LLC (Denver, CO, US) – an alcoholic beverage retailer with an estimated value of between $5 million and $25 million;
• Arizona Fine Wine and Spirits LLC (Tucson, AZ, US) –  an alcoholic beverage retailer with an estimated value of between $1 million and $5 million;
• Connecticut Fine Wine and Spirits, LLC (Norwalk, CT, US) –  an alcoholic beverage retailer with an estimated value of between $1 million and $5 million;
• New York Fine Wines & Spirits, LLC (Westbury, NY, US) – an alcoholic beverage retailer with an estimated value of between $1 million and $5 million.

David Trone’s liabilities

Apart from his many valuable assets, David Trone has listed two (the third one was fully paid off in 2023) major liabilities in the form of business loans:

• PNC Bank, N.A (incurred in June 2017) – a business loan with an estimated value of between $5 million and $25 million;
• PNC Bank, N.A (incurred in July 2023) – a business loan with an estimated value of between $5 million and $25 million.

Insider trading involvement

The latest financial disclosures show that David Trone does not directly own any stock in publicly traded companies. Therefore, he is not eligible for insider trading. 

The bottom line

David Trone’s net worth, estimated to be between -$21.9 million and $112.85 million in his latest financial report, has far too great margins to deliver a fair verdict on the former representative’s wealth. However, the average between these figures, and the most “accurate” measure of his wealth, is $45.48 million. 

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.