Gavin Newsom Just Shared Tax Returns—Net Worth Compared to Other Governors
Summary
California Governor Gavin Newsom shared over 700 pages of his tax returns from recent years while under investigation by the Department of Justice, led by President Donald Trump’s administration. His tax records show he and his wife earn about $1.7 million to $2 million annually, pay significant taxes, and have a net worth estimated around $30 million, which is less than some other U.S. governors.Key Facts
- Governor Newsom released tax returns covering four years amidst a DOJ investigation.
- He and his wife made between $1.7 million and $2 million per year from 2022 to 2024.
- They paid roughly $500,000 in taxes annually during that period.
- Newsom’s governor salary in 2025 is $245,929, but most income comes from businesses before politics.
- Newsom co-founded the PlumpJack Group, now managed by relatives after he entered politics.
- His estimated net worth is about $30 million, including business holdings and real estate.
- Newsom bought a $9 million home near San Francisco in 2024.
- Other governors, like Illinois’ JB Pritzker, have much higher net worths, reaching billions.
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