Gavin Newsom Net Worth as California Governor & Businessman

Meet Gavin Newsom, who is famous for his multiple roles in and out of politics. Many know him as the governor of California. He has also been the San Francisco mayor and a businessman who has ventured into eateries, hotels, and clothing.

In these scenarios, people are intrigued about how much he earns through his ventures and political duties. So, here you go with the handbook exploring Gavin Newsom net worth, his sources of income, and career insights.

In addition, you must get a scoop on his personal life and other business ventures, which contribute greatly to his net worth and make him a prominent figure to be discussed.

What is Gavin Newsom’s Net Worth?

Gavin Newsom is a renowned political personality. He is the 40th governor of the great state of California. Prior to his governorship, Gavin served as San Francisco's lieutenant governor and mayor. In addition to participating in government activities, he is also a businessperson and investor who is earning immensely and building his financial empire through establishing his hotels, clothing brands, and restaurants.

Typically, a major chunk of his income comes from his political career. But Newsom’s hotels, restaurants, and clothing holdings do not leave any stone unturned in making him wealthy. According to reliable reports, Gavin Newsom net worth is around $30 million. His salary as governor amounts to $234,000 as of December 2023.

Gavin Newsom Career Insights

Gavin Newsom's family background was not thoroughly political; his degree in political science led to his foray into government activities. In 1997, Gavin was appointed to the San Francisco Board of Supervisors, which began his political career.

As mayor, he earned recognition among his people. He was interested in reforms in municipal railways, the Care Not Cash Initiative, and public-private housing projects. Gavin Newsom was also elected the 42nd Mayor of San Francisco in 2003 and reelected in 2007. His popularity made people vote for him again and again.

In 2009, Gavin’s career took a sudden turn when he was appointed as Lieutenant Governor of California. Not only this, he was also reelected in 2014 and then again in 2018 defeating Republican John H. Cox. During his tenure Gavin Newsom brought reforms in education, healthcare, transgender rights, and gun control.

In his political era, California Governor Gavin Newsome issues a warning to Donald Trump. In contrast, Gavin Newsom Obama relations are a breeze and California Governor often expressed admiration for the former president’s policies.

Gavin Newsom's tenure brought reforms in the state, including housing, healthcare, etc. It also strengthened the relationship between Elon Musk Gavin Newsom. Both personalities once shake hands and promote sustainable energy solutions in the state.

However, Newsom’s leadership during COVID-19 drew less praise and more criticism, questioning Gavin Newsom approval rating. According to this, IGS and Berkeley poll Gavin’s voters suffer an all-time low hit. It indicates many do not want him to be governor again.

Gavin Newsom Sources of Income

Here are some of the sources of income through which Gavin Newsom earns his money.

Political Career

Regarding political career, Gavin Newsom takes heavy amounts of salary to his home. During his tenure up to 2023, his salary was approximately $218,556 per year, making him the highest-paid governor in the country.

Business Ventures

As you know, Gavin Newsom is a talented businessman and investor. He earns millions by investing in his businesses, which include restaurants, clothing brands, and hotels. Above all, he launched PlumpJack Winery in 1991. He earns approximately $6.9 million.

Media Work

Newsom also experimented with his income source by hosting “The Gavin Newsom Show.” Undoubtedly, this contributed to his net worth.

Gavin Newsom Early Life

Gavin Newsom was born to William and Tessa on October 10, 1967, in San Francisco, California. His father was an administrator and state appeals court judge of the Getty family trust. Young Gavin Newsom suffered from dyslexia and had difficulty reading or writing.

Regarding his early education, Gavin Newsom was enrolled in Ecole Notre Dame Des Victoires. This bilingual school was proficient in making students experts in two languages. However, Gavin Newsom could not get along with the school and moved to attend Redwood High School.

At that time, he became an athlete and played baseball and basketball. Not only did he highlight his personality, but he also pursued his higher education. Gavin attended Santa Clara University and earned a degree in political science in 1989.

Gavin Newsom Personal Life

Regarding his personal life, Gavin Newsom is not particularly interested in sharing his insights. Even then, his life always remains in the spotlight. Gavin Newsome has been married twice. The first time, it was a prosecutor and conservative legal commentator to whom he tied the marital knot in 2001.

Unfortunately, Gavin Newsome's relationship with Kimberly Guilfoyle did not last long, and they separated in 2006. Later, Gavin Newsom dated a film director and married her in 2008. Gavin Newsom family tree links him with his wife, Jennifer Siebel, and his four children.

Real Estate Holdings

Gavin Newsom, a business and political person who is also interested in real estate holdings, often earns money through this. Newsom and his wife Jennifer own several real estate holdings to add to his net worth.

The couple purchased a property in Kentfield, California, in 2011 for $2.225 million. Its selling price was $5.895 million. In 2018, Gavin Newsom again bought a real estate residence in Fair Oaks for $3.7 million. Gavin Newsom and Jennifer recently bought a property in Kentfield for $9.1 million. Remember, Daniel Pritzker, the Hyatt Hotels heir, previously owned it.

FAQs

What is Gavin Newsom religion?

Gavin Newsom practices Catholicism and is a Catholic-Christian by religion.

Is Gavin Newsom related to Nancy Pelosi?

No, Gavin Newsom has no direct link with Nancy Pelosi, the U.S. Representative. Both have a past familial connection. The fact is that Nancy Pelosi’s brother-in-law and Newsom’s aunt married, but both got separated even before Gavin was born.

Is Gavin Newsom married?

Yes, Gavin Newsom is married. His wife is a film director and comes from a well-off family.

Is Gavin Newsom running for president?

No, Gavin Newsom is not running for president. However, speculation suggests that he will be a powerful candidate as Gavin Newsom president for the 2028 U.S. elections.