Governor Newsom Net Worth (Updated 2025).
Governor Gavin Newsom’s political journey began in the early 1990s when he took over his father’s successful wine business, PlumpJack, in the Napa Valley. This entrepreneurial venture not only established his name in the business world but also laid the foundation for his future in politics. Newsom’s charisma and leadership skills were evident as he expanded the business, opening several wineries and restaurants across California.
His foray into politics started in 2000 when he was elected to the San Francisco Board of Supervisors. Newsom’s progressive policies and innovative ideas quickly made him a prominent figure in local politics. His term was marked by significant achievements, including the city’s first universal healthcare program and the successful hosting of the 2004 Democratic National Convention. These accomplishments brought him statewide recognition and set the stage for his future political career.
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Governor Newsom’s Current Net Worth
As of 2025, Governor Newsom’s current net worth is estimated to be around $10 million, according to the latest available information.
Career
Gavin Newsom, born on October 10, 1967, is a prominent American politician serving as the 40th Governor of California since 2019. Prior to this, he served as the 49th Lieutenant Governor of California from 2011 to 2019. Newsom’s political career began in 1996 when he was elected to the San Francisco Board of Supervisors, later becoming the city’s 42nd Mayor in 2003, a position he held until 2011.
Other Ventures
Before his political career, Newsom was a successful businessman. In 1991, he founded PlumpJack Winery, which later expanded into a hospitality group, including restaurants, wine shops, and hotels. He also co-founded the news website The California Sunday Magazine in 2014. Despite his political commitments, Newsom remains involved in these ventures, although his role is primarily as a passive investor.
Assets
Governor Newsom’s assets include properties in California, primarily in San Francisco and Kentfield, worth an estimated total of $5 million. He also owns a vineyard in the Napa Valley, valued at around $3 million. Additionally, he has investments in various businesses, including his hospitality group, totaling approximately $2 million.
Annual Income
As Governor of California, Newsom’s annual salary is $206,504, as per the state’s constitution. Before his governorship, as Lieutenant Governor, his annual salary was $173,987. His income from his business ventures and investments varies yearly but is estimated to be around $500,000 annually, according to recent filings.
Frequently Asked Questions about Governor Newsom
**Frequently Asked Questions: Governor Newsom Net Worth**
Q1: Who is Governor Newsom?
Governor Newsom is the current Governor of California. He was inaugurated as the 40th Governor of California on January 7, 2019.
Q2: What was Governor Newsom’s background before becoming Governor?
Before becoming Governor, Newsom served as the 49th Lieutenant Governor of California from 2011 to 2019. He was also the Mayor of San Francisco from 2004 to 2011.
Q3: How old is Governor Newsom?
Governor Newsom was born on October 10, 1967, making him 54 years old.
Q4: What is Governor Newsom’s net worth?
As of the latest estimates, Governor Newsom’s net worth is approximately $20 million.
Q5: How did Governor Newsom acquire his wealth?
Governor Newsom’s wealth comes from a variety of sources, including his political career, his family’s wine business, and investments.
Q6: Is Governor Newsom married?
Yes, Governor Newsom is married to Jennifer Siebel Newsom. They have four children together.
Q7: What is Governor Newsom’s political affiliation?
Governor Newsom is a Democrat.
Q8: What are some of Governor Newsom’s key policies?
Governor Newsom’s key policies include addressing the state’s housing crisis, improving public education, expanding healthcare access, and tackling climate change.
Q9: What is Governor Newsom’s stance on the death penalty?
Governor Newsom has opposed the death penalty and issued a moratorium on executions in California in 2019.
Q10: How can I contact Governor Newsom’s office?
You can contact Governor Newsom’s office by phone at (916) 445-2841 or by email at [[email protected]](mailto:[email protected]).
