Tax returns show California's Newsom earning between $1.7M and $2M annually
Summary
California Governor Gavin Newsom and his wife earned between $1.7 million and $2 million each year from 2022 to 2024, according to tax returns his office released. Most of their income comes from family businesses like wineries and restaurants, and they paid about half a million dollars a year in taxes.Key Facts
- Newsom and his wife made $1.7 million to $2 million annually from 2022 through 2024.
- They paid about $500,000 a year in federal and state taxes.
- Their income is mostly from businesses in a blind trust, including wineries and restaurants.
- In 2021, they earned $4.2 million, including $800,000 from selling a house in Marin County.
- Newsom’s salary as governor is nearly $200,000 per year.
- His wife’s production company lost money in most years.
- They paid between $14,000 and $44,000 annually for childcare for three of their four children.
- The couple donated $40,000 to $65,000 yearly to charity, including money and items like clothing.
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