Gavin Newsom reveals personal income of $1.7m-$2m in tax return release
Summary
California Governor Gavin Newsom and his wife earned between $1.7 million and $2 million per year from 2022 to 2024, paying about $500,000 annually in taxes. They released over 700 pages of tax records, showing consistent income mainly from winery and restaurant businesses, while facing a U.S. Justice Department investigation.Key Facts
- The Newsoms' income stayed around $1.7 million to $2 million yearly from 2019 through 2024.
- In 2021, they made $4.2 million, boosted by selling a house for nearly $6 million.
- They paid around half a million dollars each year in federal and state taxes.
- Most income comes from winery and restaurant businesses held in a blind trust.
- Their business group, PlumpJack Group, is managed by Newsom’s sister and cousin.
- Jennifer Siebel Newsom, his wife, runs a production company that lost money most years.
- They spent $14,000 to $44,000 yearly on childcare for three of their children.
- They donated $40,000 to $65,000 annually to charities, plus clothing and other items.
- The Newsoms have not yet completed tax returns for 2025, due in October.
- Newsom is under federal investigation but says it is politically motivated.
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