Total Wine Founder’s $2.4 Billion Family Wealth Fuels Senate Run

Oct. 25, 2023, 10:00 AM UTC

US Representative David Trone often boasts that he doesn’t take money from corporations or super PACs. It helps that he doesn’t need to.

The Maryland Democrat, who’s running for the Senate seat being vacated by Ben Cardin, is co-owner of Total Wine & More, an alcohol retail empire worth an estimated $2.4 billion, according to the Bloomberg Billionaires Index, which is valuing the business for the first time.

Trone, 68, who founded the company and owns it along with his brother Robert and their families, stepped down as chief executive officer in 2015 and is now among the richest members of ...

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