Gavin Newsom Net Worth! If you’re curious about Gavin Newsom’s net worth, you’ve come to the right place. In this blog post, we will look at the income and assets of this high-profile California politician.
Newsom got a long and successful career in business and politics. So it’s no surprise that he has accumulated a large amount of wealth. Keep reading to learn more about Gavin Newsom’s net worth!
Early Life and Career Beginnings of Gavin Newsom
On October 10, 1967, Gavin Newsom was born in San Francisco, California. Newsom had a privileged childhood and was educated at Santa Clara University and The John F. Kennedy School of Government at Harvard University.
After college, he embarked on a career in politics. In 2003, Newsom elected the 42nd Mayor of San Francisco at 36, making him the youngest mayor in the city’s history.
He served two terms as mayor before elected Lieutenant Governor of California in 2010. In 2018, he announced his campaign for Governor of California.
Entering Politics
Newsom’s first foray into politics came in 1996. While he appointed to San Francisco’s Parking and Traffic Commission by then-Mayor Willie Brown.
In the late 1990s, Newsom began his ascent up the political ladder, serving as a campaign advisor for Brown’s re-election bid in 1999 and helping to run Brown’s successful 2001 mayoral campaign.
In 2002, Newsom elected to the San Francisco Board of Supervisors, becoming its youngest member ever.
He quickly make a name for himself as a rising star in the Democratic Party. And an advocate for progressive causes such as same-sex marriage. Moreover, he even perform one of the first legal same-sex weddings in California.
In 2007, Newsom make his gubernatorial ambitions clear when he announced his candidacy for the office.
While he ultimately lost the primaries to eventual winner Arnold Schwarzenegger, Newsom’s strong showing. He received almost 34% of the vote – cemented his position as a major political player.
Newsom finally realized his gubernatorial dreams in 2010 when he elected as the 40th Governor of California.
He made history again in 2018 when he became the first sitting governor to marry two people of the same sex – something that would have been unthinkable just a few years earlier.
As Governor, Newsom has worked on several initiatives to make California a more equitable and sustainable place to live. These include his “California for All” plan, which seeks to provide universal healthcare, affordable housing, and quality education for all Californians.
Net Worth of Gavin Newsom
As of 2019, Gavin Newsom’s net worth is estimated to be $300 million. This impressive wealth comes from various sources, including real estate, business ventures, and political donations. Let’s take a closer look at some of the main sources of Newsom’s income and assets:
-Real Estate: Gavin Newsom is the owner of several properties in California, including a $12 million mansion in San Francisco and a vineyard in Napa Valley. His real estate portfolio is estimated to be worth over $100 million.
-Business Ventures: In addition to his political career, Newsom has also been successful in business.
He co-founded PlumpJack Winery and has invested in several other businesses, including a luxury hotel chain and a cannabis dispensary. His total net worth from business ventures is estimated to be $50 million.
-Political Contributions: Throughout his career, Newsom has made extensive political donations. He was one of the top donors to Kamala Harris’s Senate campaign in 2016. His total political contributions are estimated to be $150 million.
As you can see, Gavin Newsom’s net worth is quite impressive. He has amassed his wealth through a combination of political donations, business ventures, and real estate investments. With an estimated net worth of $300 million, Newsom is one of the wealthiest politicians in the United States.
Gavin Newsom’s income sources are
Varied, but his net worth is an estimated $30 million. Newsom’s wife, Jennifer Siebel Newsom, is a documentary filmmaker and actress with a net worth of $20 million. The couple has four children together.
Newsom’s political career began in 1996 when he was elected to the San Francisco Board of Supervisors. He served as the mayor of San Francisco from 2004 to 2011. Newsom was elected lieutenant governor of California in 2010 and took office in January 2011.
As lieutenant governor, Newsom presided over the California State Senate and chaired the Commission on Economic Development. He also represented California on the Western Governors Association. In February 2019, Newsom announced he was running for governor of California in the 2018 election.
Newsom ran on a platform of expanding access to healthcare, early childhood education, and college affordability. He also advocated for stronger gun control measures and environmental protection.
Newsom was elected governor of California in November 2018 with 61% of the vote. He took office in January 2019.
As governor, Newsom has continued to advocate for his political platform. He has also signed several executive orders, including requiring California to transition to 100% renewable energy by 2045.
In addition, in October 2019, Newsom announced a statewide ban on the sale of flavoured tobacco products.
Property and investments are
The main sources of Gavin Newsom’s net worth. The lieutenant governor of California and his wife, Jennifer Siebel Newsom, have a combined net worth of $55 million.
Newsom’s most valuable asset is his San Francisco home that he purchased for $14 million in 2005. The property is located in one of the city’s most exclusive neighbourhoods and views the Golden Gate Bridge.
The Newsoms also have considerable investments in technology companies, real estate, and wine production. In total, their assets are worth an estimated $44 million.
Newsom’s annual income is about $200,000. This comes from his government salary and various investments. He also earns income from his businesses, including a winery and a tech startup.
Moreover, his wealth will likely continue to grow as he continues to invest in various businesses and properties.
Charity work of Gavin Newsom
Gavin Newsom is famous for his work in various charities. He has been associated with the Boys and Girls Club of America, the American Red Cross, and the Make-A-Wish Foundation.
He has also served on the board of directors for the California YMCA. Gavin Newsom’s net worth allows him to contribute sizable donations to these charities.
In addition, in 2003, he donated $25,000 to America’s Boys and Girls Club. The next year, he gave $100,000 to the American Red Cross Disaster Relief Fund in response to the Indian Ocean tsunami.
In 2007, Gavin Newsom and his wife pledged $250,000 to the Make-A-Wish Foundation to help create a new wish-granting program.
In addition, the couple has given more than $500,000 to various other charities over the years. Gavin Newsom’s net worth is sure to continue helping many worthwhile causes.
Gavin Newsom also knows how to have fun with his money. However, he and his wife have thrown some pretty extravagant parties over the years.
In 2006, they rented out a theme park in Northern California for their daughter’s first birthday party.
The next year, Gavin Newsom and his wife hosted an Oscar night gala that reportedly cost $500,000. Gavin Newsom knows how to have a good time while also giving back to the community.
Gavin Newsom is one of the most well-known and respected politicians in California. He has a net worth that allows him to make significant contributions to charity, and he is also able to enjoy life outside of politics. Gavin Newsom is truly a man of the people.
What do you think about politicians with high net worth – is it a good or bad thing
Some people might say that Gavin Newsom, the current Governor of California, is one of the most good-looking politicians around.
According to Celebrity Net Worth, Gavin Newsom’s net worth is $20 million. But, most of this comes from his stake in PlumpJack, a wine and hospitality company that he co-founded in the early 1990s. He also made some wise investments, including in Twitter, before it went public.
Conclusion
Gavin Newsom is a respected politician with a net worth that allows him to make significant contributions to charity. He is also able to enjoy life outside of politics. Gavin Newsom is truly a man of the people.
Despite being wealthy, Newsom has remained grounded and committed to public service. He is an excellent role model for other politicians and for people in general. However, Gavin Newsom is a man of the people who deserves our respect.
Thank you for reading. I hope this article has helped you learn more about Gavin Newsom and his net worth. California is lucky to have him as our governor.
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