What Is Gavin Newsom Net Worth?

Publish date: 2024-05-04

He has been the 40th governor of California since 2019. He is an American politician and businessman who is a member of the Democratic Party. He was the 42nd mayor of San Francisco from 2004 to 2011 and the 49th lieutenant governor of California from 2011 to 2019. One thing that many have wondered about is Gavin Newson net worth.

In this article, we are going to discuss the subject of his net worth as we want to know how much money he has made as a politician and a businessman.

Given that he is also a businessman, Gavin Newsom net worth will be a bit higher than that of his colleagues who are not.

Early Life of The American Politician

Before we delve into Gavin Newsom net worth, let’s get to know who he is.

In this section, you will learn all about his life and how he was raised.

On October 10, 1967, in San Francisco, California, Gavin Newsom was born.

His father, William Newsom, served as the administrator of the multibillion-dollar Getty Family Trust in addition to serving as a judge on a state appeals court.

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William also handled the $2 billion Gordon P. Getty Family Trust, which was under Newsom’s administration.

In an interview with a newspaper in 2003, William stated: “I make my living working for Gordon Getty.”

Tessa, the mother of Gavin, was William’s wife from 1966 to 1972.

Gavin once had a distant relationship with Nancy Pelosi through William’s sister Barbara, as we go into further detail in the following paragraphs.

However, Nancy Pelosi is not—and has never been—Gavin’s aunt, despite what the general public believes.

He was baptized and raised in the Irish Catholic faith of his father.

He attended the bilingual French-American school Ecole Notre Dame Des Victoires as a youngster. He ultimately had to transfer, though, because of his severe dyslexia.

Later, he played basketball and baseball at Redwood High School.

Gavin Newsom attended at Santa Clara University to further his study, earning a BS in political science there in 1989.

The PlumpJack Winery was founded by Newsom and his investors in 1991 after they established the business PlumpJack Associates.

The company expanded over time and now employs over 700 people.

Restaurants, motels, and retail clothes stores are just a few of the additional ventures that Newsom and his investors developed between 1993 and 2000.

You will not wonder why Gavin Newsom net worth will be more than those of his colleagues as he is also into business.

So, how much is he worth?

What is Gavin Newsom Net Worth?

The American politician and businessman is worth quite a lot of money. Gavin Newsom net worth is estimated to be around $20 million.

In Kentfield, California, Gavin and Jennifer, his wife, spent $2.225 million in 2011.

In February 2019, they put this house up for sale for $5.995 million.

For $5.895 million, they sold this house in August 2021.

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Gavin was elected governor in late 2018, and the pair acquired a $3.7 million home in Sacramento shortly after.

They are able to afford all these things as Gavin Newsom net worth is quite a lot.

Newsom’s involvement in Willie Brown’s 1995 mayoral campaign in San Francisco was his first significant foray into politics.

Brown assigned Newsom to a position on the Parking and Traffic Commission when Newsom was elected; Newsom later rose to the position of president.

Newsom was elected to a full four-year term on the San Francisco Board of Supervisors in 1998 after Brown appointed him to the position in 1997.

Newsome was re-elected to serve as the second district’s representative in 2000 and 2002.

As Supervisor, he was known for his support of housing projects through public-private partnerships as well as for his role in promoting the reform of San Francisco’s municipal railway.

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