Gavin Newsom is a well-known figure in American politics, serving as the 40th governor of California.
He has been in office since January 2019 and has made a name for himself as a progressive politician, advocating for issues such as environmental protection, healthcare reform, and gun control.
But beyond his political career, many people are curious about Gavin Newsom’s net worth. With a high-profile role in one of the country’s most populous states, it’s no surprise that he’s accumulated considerable wealth.
In this article, we’ll take a closer look at Gavin Newsom’s net worth, how he’s earned his money, and what factors contribute to his wealth.
Before we dive into his net worth, let’s take a quick look at Gavin Newsom’s background. Newsom was born on October 10, 1967, in San Francisco, California.
He grew up in the city and attended Santa Clara University, where he earned a Bachelor of Arts degree in political science.
After college, Newsom began his career in the hospitality industry. He founded a number of businesses, including the PlumpJack Group, a hospitality company that manages hotels, restaurants, and wineries.
Through his work with the PlumpJack Group, Newsom was able to accumulate a significant amount of wealth.
In addition to his work in the hospitality industry, Gavin Newsom has also had a successful political career.
He was first elected to public office in 1996 when he won a seat on the San Francisco Board of Supervisors. From there, he went on to serve as the mayor of San Francisco from 2004 to 2011.
During his time as mayor, Newsom was known for his progressive policies and initiatives. He was an early supporter of same-sex marriage, and in 2004, he allowed same-sex couples to marry at San Francisco City Hall, despite California law prohibiting it at the time.
He also implemented a citywide universal healthcare program, which provided healthcare coverage to all San Francisco residents regardless of their income.
After leaving the mayor’s office, Newsom continued his political career, serving as California’s lieutenant governor from 2011 to 2019.
He was elected as governor in 2018, defeating his Republican opponent John Cox by a wide margin.
Gavin Newsom Net Worth
Now, let’s get to the main topic at hand: Gavin Newsom’s net worth. According to Celebrity Net Worth, Newsom’s net worth is estimated to be $20 million. This places him among the wealthiest governors in the United States.
So how has Newsom accumulated such a large fortune? As we mentioned earlier, a significant portion of his wealth comes from his work in the hospitality industry.
The PlumpJack Group, which he co-founded in 1992, has grown to include several luxury hotels, restaurants, and wineries.
In addition to his business ventures, Newsom has earned a significant amount of money from his political career.
As governor, he earns an annual salary of $209,747, which is one of the highest in the country for a governor. He also earned a substantial salary during his time as lieutenant governor and mayor of San Francisco.
It’s worth noting that Gavin Newsom’s net worth has been the subject of some controversy in recent years. In 2019, Newsom’s financial disclosure forms showed that he had received over $2.7 million in gifts, travel, and other benefits since he took office as governor.
While some of these gifts were related to his official duties, others were personal in nature, such as tickets to sporting events and concerts.