Gavin Newsom net worth
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What is Gavin Newsom’s Net Worth and Salary?
Gavin Newsom is an American politician and investor with a net worth of $20 million. Gavin Newsom became the 40th Governor of California in 2019. He is a Democrat who served as lieutenant governor of California and mayor of San Francisco. Additionally, Newsom founded PlumpJack Winery and hosts “The Gavin Newsom Show” on Current TV.
In 1997, Brown appointed him to the San Francisco Board of Supervisors until he ran for mayor. In 2003, he was elected the 42nd Mayor of San Francisco, the city’s youngest in 100 years. Newsom was re-elected in 2007. In 2010 he was elected as the 49th Lieutenant Governor of California. In 2018 he was elected Governor of California.
He co-founded 11 businesses. Newsom, 24, and his investors founded PlumpJack Associates LP in 1991. In 1992, the group founded PlumpJack Winery. In 2002, his business assets were worth more than $6.9 million. Newsom sold his corporate stake in San Francisco when he became mayor in 2004.
Early life and career
Gavin Newsom was born in San Francisco, California in 1967, the son of Wilfred, a state appeals court judge and Getty Oil attorney, and Tessa. He was baptized and grew up in his father’s Irish Catholic faith. As a child, he attended the French-American bilingual school Ecole Notre Dame Des Victoires. However, due to severe dyslexia, he eventually transferred. He later attended Redwood High School, where he played baseball and basketball. In pursuit of higher education, Newsom attended Santa Clara University in 1989 with a bachelor’s degree in political science.
In 1991, Newsom and his investors founded PlumpJack Associates and subsequently PlumpJack Winery. Over time, the company grew to more than 700 employees. From 1993 to 2000, Newsom and his investors opened a number of other businesses, including restaurants, hotels and retail clothing stores.
into politics
Newsom’s first real political experience came when he ran for mayor of San Francisco for Willie Brown in 1995. After he was elected, Brown appointed Newsom to a seat on the Parking and Traffic Commission, which Newsom later became the president of. In 1997, Brown appointed Newsom to the San Francisco Board of Supervisors; he was subsequently elected to a full four-year term in 1998. Newsome was reelected in both 2000 and 2002 to represent the second district. As director, he was recognized for advocating for San Francisco municipal railroad reform and supporting housing projects through public-private partnerships.
Newsom’s most important accomplishment as a supervisor is his Care Not Cash Voter Initiative, which provides care, medication, supportive housing and behavioral health services for the homeless. The successfully passed measures raised Newsom’s public profile and gave him the resources he needed to make him a future mayoral candidate.
mayor of san francisco
In 2003, Newsom was elected as the 42nd mayor of San Francisco; at 36, he became the city’s youngest mayor in a century. In his 2007 re-election bid, Newsom was challenged by 13 candidates, including nudist activist George Davis and power-swap club owner Michael Powers. However, Newsom raised $1.6 million for his campaign in early August and faced no serious threat. He won re-election with more than 72 percent of the vote and pledged to focus on homelessness, health care, the environment, housing and education in a second term. He will also focus on the development of Treasure Island and Hunter’s Point.
Among his notable accomplishments as mayor, Newsom launched programs including the San Francisco Homeless Outreach Team and the Homeless Connection Project to provide permanent housing and affordable housing for the homeless of rental units. He drew national attention in 2004 when he instructed city and county clerks to issue marriage licenses to gay couples, a move that violated state law. Despite the abolition of marriage, Newsom’s actions garnered significant political support around the LGBTQ community, laying the groundwork for future legalization of same-sex marriage. Later, in 2007, Newsom signed a law establishing a Healthy San Francisco, providing universal health care to city dwellers.
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Lieutenant Governor of California
After losing the gubernatorial race in 2009, Newsom ran for lieutenant governor of California in 2010. He won and was sworn in under Governor Jerry Brown. He was defeated in 2014, beating Republican Ronnie Haring. During his tenure as lieutenant governor, Newsom supported failed measures to abolish the death penalty. In 2016, he had greater success in legalizing marijuana and creating educational programs across the state.
Governor of California
Newsom was elected governor of California in 2018, defeating Republican John H. Cox in a landslide victory. In 2019, shortly after he was sworn in, Newsom was finally able to end the death penalty in California. He also exercised his first clemency by pardoning seven formerly incarcerated people facing deportation. Newsom was later approved for his progressive measures on transgender rights, gun control, health care and fracking.
Early in his tenure, many recall attempts were made against Newsom. While those efforts were unsuccessful, they began to pick up in 2020, when many Californians criticized the governor’s mishandling of the state’s response to the COVID-19 pandemic. In February 2021, it was announced that it had obtained enough signatures to trigger a recall election.
personal life
Newsom married former San Francisco prosecutor and conservative law commentator Kimberly Guilfoyle in 2001; they divorced in 2006. That year, Newsom began dating film director Jennifer Siebel, whom he later married in 2008. They have four children together. Jennifer’s father, Ken Siebel, is a very successful investment manager and real estate investor. Her father’s second cousin was Thomas Siebel, the billionaire founder of the software company Siebel Systems.
Following his election as governor, Newsom moved with his family from a house in Marin County to the California governor’s mansion in downtown Sacramento. He has since settled in the Fair Oaks area.
In 2007, news broke that Newsom was having an affair with Ruby Lippi-Turk, the wife of then-campaign manager Alex Turck. So Turck filed for divorce and left Newsom’s government.
real estate
In 2011, Gavin and Jennifer paid $2.225 million in Kentfield, California. They listed the home for $5.995 million in February 2019. They sold the home in August 2021 for $5.895 million.
In late 2018, soon after Gavin was elected Governor, the couple bought a $3.7 million house in Sacramento.
