Gavin Newsom Net Worth: How much is He Worth?

In this article, we are going to cover everything about Gavin Newsom net worth, her early life, and other information.

So, without any further ado, let’s get started –

Gavin Christopher Newsom is an American businessman and politician currently serving as the 40th Governor of California. Before joining the office of Governor of California, he served as California’s 49th Lieutenant Governor as a member of the Democratic Party and the 42nd Mayor of San Francisco from 2004 to 2011.

Gavin Newsom Net Worth 2023

Gavin Newsom’s net worth in 2023 is estimated at around $25 million. Gavin has earned this net worth through different income sources, which include his position as Governor of California, his businesses, investments, and more.

Newsom founded PlumpJack Winery and hosted a show on Current TV, “The Gavin Newsom Show.”

Brown appointed him to the San Francisco Board of Supervisors in 1997 until he ran for mayor. He was elected the 42nd mayor of San Francisco in 2003, the city’s youngest mayor in 100 years. Newsom was re-elected in 2007.

He co-founded 11 companies, including PlumpJack Associates L.P., in 1991. In 1992, the group established PlumpJack Winery. In 2002, its business assets were valued at over $6.9 billion. Newsom sold his stake in the San Francisco Corporation when he became mayor in 2004 

Gavin Newsom’s Early Life and Career Beginnings

Name	Gavin Christopher Newsom
Known as	Gavin Newsom
Birthplace	San Francisco, California
Date of birth	October 10, 1967
Age	55 years old
Height	(6 Feet 3 inch) 191 cm
Weight	185 pounds (84 kg)
Hair Color	Brown
Skin color	White
Eye color	Dark Brown
Religion	Christian
Nationality	American
Occupation	Politician
Political party	Democratic Party

Newsom was born in San Francisco to William Alfred Newsom III and Tessa Thomas. His father was a Judge for the state appeals court and served as Getty Oil’s attorney. He is a fourth-generation resident of San Francisco.

One of Newsom’s great-grandfathers, Scotsman Thomas Addis, was a prominent nephrologist and professor of medicine at Stanford University.

Newsom used to play baseball and basketball in high school, graduating from Redwood High School in 1985. He was a basketball goalie and baseball player, and his skills earned him coverage in the independent magazine Marine. 

Newsom attended the University of Santa Clara on a partial baseball scholarship and graduated with a degree in political science in 1989. He was a left-handed pitcher at Santa Clara but lost his arm two years later and has since he didn’t play baseball. 

Newsom and his investors formed PlumpJack Associates L.P. on May 14, 1991. The group started PlumpJack Distillery in 1992 with funding from family and friend Gordon Getty.

Newsom’s investments include five restaurants and two clothing stores. From 1996 to 2001, Newsom earned more than $429,000 a year. In 2002, his business assets were valued at more than $6.9 billion.

Entering Politics

Gavin Newsom’s first genuine political involvement came when he served in Willie Brown’s campaign in 1995 for San Francisco mayor. After his election, Brown nominated Gavin Newsom to the Parking and Transportation Commission seat, from which Newsom later became president.

He was elected in 1998 for a four-year term. Newsom was re-elected to represent the second district in 2000 and 2002. During his role as supervisor, he was honored for championing San Francisco’s municipal rail reform and supporting housing projects through public partnerships. 

Newsom’s most significant achievement as director was his “Care Not Cash” campaign initiative, which provides foster care, substance abuse treatment, supportive housing, and behavioral health services to the homeless.

The success of the mayor boosted Newsom’s public image and gave him the resources needed to make him a future mayoral nomination.

Also, Read – Gavin Newsom Electric Cars

California Lieutenant Governor Gavin Newsom

In April 2009, Gavin Newsom declared his candidacy for governor of California in the election of 2010. He received the support of former President Bill Clinton. During his campaign, Newsom stated that, if elected, he would like to be called “The Gavinator.“

His poll numbers have been low throughout the campaign, trailing Democratic front-runner Jerry Brown by more than 20 points in most polls. Newsom withdrew from the race in October 2009.

After an unsuccessful gubernatorial campaign in 2009, Newsom ran for lieutenant governor of California in 2010; he won and was sworn in under Governor Jerry Brown. He was re-elected in 2014, beating Republican Ron Nehring.

During his period as lieutenant governor, Newsom supported unsuccessful measures that might repeal the demise penalty. Newsom was more successful in 2016 in legalizing cannabis and introducing education programs across the state.

Governor of California Gavin Newsom

In 2018, Newsom was elected as California’s governor, defeating John H. Cox, a Republican, in a landslide victory. Shortly after being sworn in, Newsom was finally able to end the death penalty in California. He also exercised his first clemency acts, pardoning seven former inmates facing deportation. Newsom later won acclaim for his progressive actions on transgender rights, gun control, health care, and fracking.

There were many impeachment attempts against Newsom early in his tenure. Though unsuccessful, those efforts gained momentum in 2020 as many Californians criticized the governor for mishandling the state’s response to the COVID pandemic.

In February 2021, it was announced that enough signatures had been collected to trigger a new election.

Gavin Newsom Real Estate

Gavin and his wife Jennifer paid $2.2 million in Kentfield, California, in 2011. In February 2019, they listed the home for sale for $5.9 million, which was sold for $5.8 million in August 2021.

Soon after Gavin was elected governor in late 2018, the couple bought a house for $3.7 million in Sacramento. When he was elected governor and shifted to Sacramento in 2019, he put it on the market for $6 million and went public over the next two years.

Newsom and his wife, documentary filmmaker Jennifer Seibel Newsom, renovated their hillside home there. It sits on 1.5 acres in Kentfield, a small community in affluent Marin County.