Career
Business
He is the co-founding partner and chief investment officer of MSD Capital,a private investment company established in 1998 to manage the capital of Michael Dell. [3] [5]
In 2022,Phelan resigned as CEO of MSD and founded Rugger Management LLC,a private investment company based in Palm Beach,Florida. [1] [6]
Fundraising
The Phelans regularly host fundraising events at their homes in Palm Beach and Aspen. In 2022,they hosted a fundraiser for amfAR that raised $5.3 million. [7] In August 2024,they hosted a private fundraising dinner for Trump;the guests,who included Steve Wynn,Thomas Peterffy,Greg Abbott,Byron Donalds,Lauren Boebert and Cory Gardner, [8] donated between $25,000 and $500,000 apiece. [9]
Phelan contributed to Trump's presidential campaigns. [5]
Secretary of the Navy
On November 27,2024,president-elect Trump announced Phelan as his nominee-to-be for United States Secretary of the Navy. [10] Many noted his complete lack of experience with the Navy,the military,national-security policy,and the defense industry. "Not all service secretaries come into the office with prior military experience,but he’d be the first in the Navy since 2006," the Associated Press reported. [11]
Phelan testified before the United States Senate Committee on Armed Services on February 27,2025. [12] He was confirmed with bipartisan support by a vote of 62-30 on March 24,2025, [13] and sworn in as the 79th Secretary of the Navy the next day. [14]
Family and personal life
In 2000,Phelan met his future wife Amy on a blind date. A former cheerleader for the Dallas Cowboys,Amy was working as a management services and systems engineering consultant in Dallas. [7] [5] [15] They have a daughter,Makenzie Moon Phelan,who is a New York City–based artist and socialite. [16]
John and Amy Phelan have a home in Aspen,Colorado,where they display part of their art collection. [17] They also have a home in Palm Beach with more of their art collection,including works by Andy Warhol and Willem de Kooning. [7]
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