Gavin Newsom Net Worth: How Much is He Worth?

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Gavin Newsom the 40th Governor of California has an estimated net worth of $20 million. He has diversified his income streams not just relying on his political career. Newsom is also an investor and entrepreneur having founded the PlumpJack Winery and co-founding at least 11 businesses. His business holdings were valued at more than $6.9 million in 2002.

Gavin Newsom Net Worth

Gavin Newsom the Governor of California has a net worth that has been a topic of interest for many. With an estimated net worth of $20 million, Newsom is far from just a political figure. he is a successful entrepreneur with a portfolio that includes wine stores wineries restaurants nightclubs hotels, and retail shops.

His business empire known as the PlumpJack Group employs hundreds and has locations from the Bay Area to Palm Springs. His financial disclosures have shown that his fortune has grown significantly since he entered public life with investments and assets valued at more than $6 million as of 2017.

His income primarily comes from his winery and restaurant businesses which he put in a blind trust upon becoming governor. In 2019 alone Newsom and his wife made $1.7 million with the majority coming from passive income sources related to his businesses.

Quick Facts

FactDetails
Estimated Net Worth$20 Million
Primary Source of IncomeEntrepreneurship
Secondary Source of IncomePolitical Career
Business HoldingsPlumpJack Group
Business TypesWineries, Restaurants, Hotels, Retail Shops
Financial GrowthAssets valued at more than $6 million as of 2017
Annual Income$1.7 million in 2019 (with wife)
Blind TrustPut business in blind trust upon becoming governor

Who is Gavin Newsom?

Gavin Newsom is the Democratic Governor of California known for his progressive policies and strong stance on issues like eviction protections for renters and civil rights. He recently signed a law to bolster eviction protections closing loopholes that allowed landlords to circumvent the state’s rent cap.

Newsom has also been in the spotlight for his promise to appoint a Black woman to the Senate a decision that has garnered both support and criticism. He has been a key player in California politics making decisions that have far-reaching implications both within the state and nationally.

Parents

Information about Gavin Newsom’s parents is not readily available from the sources I’ve checked. However, it is worth noting that Newsom’s family background and upbringing have been topics of interest especially given his progressive policies.

For instance, he recently vetoed a bill that would have directed judges to consider a parent’s acceptance of their child’s gender identity in custody disputes arguing that it infringed on the separation of powers. This decision has sparked discussions about parental rights and responsibilities.

Siblings

Gavin Newsom has one younger sister named Hilary Newsom Callan. They were primarily raised by their mother Tessa after their parents divorced. Tessa worked multiple jobs to support the family including roles as a bookkeeper waitress and secretary.

Despite the challenges of a broken home and financial constraints, the siblings remained close to their father William Newsom who was a California appeals court judge. The family’s financial struggles and their mother’s dedication to public service had a profound impact on both Gavin and Hilary shaping their values and aspirations.

Relationship

Gavin Newsom is currently married to Jennifer Siebel Newsom a documentary filmmaker and actress. They tied the knot in 2008 and have four children together. Before this, Newsom was married to Kimberly Guilfoyle a television personality and attorney from 2001 to 2006.

Newsom’s relationships have often been in the public eye given his high-profile role in politics. However, he and Jennifer have managed to keep a relatively low profile focusing on their family and respective careers.

Wife

Gavin Newsom is married to Jennifer Siebel Newsom a documentary filmmaker and actress. The couple got married in 2008 and have four children together. Before Jennifer Newsom was married to Kimberly Guilfoyle a television personality and attorney from 2001 to 2006.

Jennifer Siebel Newsom is known for her advocacy work, particularly in the area of gender equality. She has produced several documentaries that focus on social issues further solidifying the couple as a power duo in both politics and activism.

Children

Gavin Newsom has four children. However, it is worth noting that Newsom has been in the spotlight for his stance on parental rights and responsibilities.

He recently vetoed a bill that would have directed judges to consider a parent’s acceptance of their child’s gender identity in custody disputes arguing that it infringed on the separation of powers. This decision has sparked discussions about parental rights and responsibilities.

Career

Gavin Newsom is currently serving as the Governor of California and has recently been in the news for the significant decision he has to make regarding the replacement for the late Sen. Dianne Feinstein. Newsom had previously pledged to appoint a Black woman to the Senate a promise that has garnered both support and criticism.

His career has been marked by a series of high-stakes decisions including appointments to key positions. Newsom’s political journey has been a rollercoaster from serving as the Mayor of San Francisco to becoming California’s Governor. His decisions often have far-reaching implications affecting not just Californians but the entire nation.

Age

Gavin Newsom was born on October 10, 1967, which makes him 55 years old as of 2023. he is been a prominent figure in California politics for years serving as the 40th Governor of California since 2019.

Before that he was the 49th Lieutenant Governor of California from 2011 to 2019 and the 42nd Mayor of San Francisco from 2004 to 2011. His age and experience have made him a seasoned politician capable of navigating the complex landscape of California’s governance.

Height

Gavin Newsom stands at an impressive height of 6 feet 3 inches. This detail came to light when Newsom himself mentioned being a “standard 6-foot-3-inch first baseman” during a discussion about his high school and college baseball career. Photos of Newsom with former President Donald Trump who is listed at around 6’2″ to 6’3″ show Newsom appearing about an inch or so taller. This lends credibility to Newsom’s self-reported height.

Ethnicity

Information about Gavin Newsom’s ethnicity is not readily available from the sources I’ve checked. However, Gavin Newsom has been in the spotlight for his stance on racial and ethnic issues.

He recently vowed to appoint a Black woman to the Senate a promise that has garnered both support and criticism. This decision has sparked discussions about representation and diversity in politics.

Nationality

Gavin Newsom is an American by nationality. He was born in San Francisco California and has spent the majority of his life in the United States. Newsom has been a significant player in American politics serving in various roles from Mayor of San Francisco to his current position as the Governor of California.

His policies and decisions have had a substantial impact on both the state and the nation making him a prominent figure in American politics.

FAQ’s

How did Gavin Newsom accumulate his net worth?

Gavin Newsom net worth comes primarily from his entrepreneurship ventures including the PlumpJack Group which manages wineries restaurants and hotels.

Is Gavin related to any wealthy families?

Yes, his father William Newsom was the administrator of the Getty family trust which was valued at around $2 billion during his tenure.

Did he sell his businesses when he entered politics?

Yes, Newsom sold his share of his San Francisco businesses when he became mayor in 2004.

How has his net worth changed over the years?

In 2002 his business holdings were valued at more than $6.9 million. As of now, his net worth is estimated to be around $20 million.

Does Gavin Newsom have any other sources of income?

Besides his political career, Newsom has co-founded at least 11 businesses and hosted “The Gavin Newsom Show” on Current TV.

Source: Celebily.com