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POLITICS

What is Gavin Newsom’s net worth? How much money has the governor of California made?

California Governor Gavin Newsom has had a long political career in the Golden State. How much money has the politician-entrepreneur made over the years?

Update:
Descubre a cuánto asciende el patrimonio neto del gobernador de California, Gavin Newsom, y cómo ha conseguido su fortuna.
BRITTANY HOSEA-SMALLREUTERS

California Governor Gavin Newsom is set to take center stage as he faces Florida Governor Ron DeSantis in a debate on Fox News on Thursday, Nov. 30 at 9 p.m. entitled “DeSantis vs. Newsom: The Great Red vs. Blue State Debate”.

Newsom, who is seen to be a likely future presidential candidate, has had a long political career in California. He has also been an investor in several business ventures.

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Entrepreneur-turned-politician

Before becoming governor of the Golden State, Newson held various political offices, including mayor of his native city San Francisco, and lieutenant governor of California.

Before his political career, he was an entrepreneur who co-founded 11 businesses under the company PlumpJack Associates. His investments included a winery, five restaurants, hotels, and two retail clothing shops.

Although he gave up his share of his businesses in San Francisco when he became mayor, he held on to his interest in the company’s operations outside the city.

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What is Gavin Newsom’s net worth? How much money has the governor of California made?

According to finance website Finty, Newsom’s net worth falls within the range of $18 to $22 million, most of which he made in business and real estate investments before he became governor. This estimate is consistent with that of Celebrity Net Worth, which places his net worth at $20 million.

Finty places his annual income at $425,000 between 1996 and 2001, with his investments valued at $7 million in 2002. His income for 2007, while he was already San Francisco mayor, was estimated at $250,000.

Aside from his businesses, Newsom also made money in real estate. He sold his Marin County mansion in 2021 for $5.9 million. He had bought the home ten years before for approximately $2.2 million.

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