Gavin Newsom (born October 10, 1967) is an American politician and businessman, serving as the 40th governor of California since 2019. A Democrat, he was California’s 49th lieutenant governor (2011–2019) and mayor of San Francisco (2004–2011). A Santa Clara University graduate, Newsom co-founded the PlumpJack Group, managing wineries, restaurants, and hotels.
His political career began in 1996, progressing to governor in 2018. Amid controversies over strict COVID-19 policies, he survived a 2021 recall and was reelected in 2022 with 59% of the vote.
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Gavin Newsom Net Worth
Gavin Newsom has a net worth of $30 million. In 2011, he and Jennifer bought a home in Kentfield, California for $2.225 million. They listed it for sale in February 2019 at $5.995 million and sold it in August 2021 for $5.895 million.
In late 2018, after Gavin’s gubernatorial election, they purchased a $3.7 million house in Fair Oaks, a Sacramento suburb. In November 2024, they bought a $9.1 million home in Kentfield, previously owned by Hyatt heir Daniel Pritzker.
Early Life
Gavin Newsom was born in San Francisco to Tessa Thomas and William Alfred Newsom III, a judge and Getty Oil attorney. A fourth-generation San Franciscan, he has notable family ties, including connections to Nancy Pelosi. Newsom faced challenges growing up, including dyslexia and financial hardships after his parents’ 1971 divorce.
He attended Redwood High School, excelling in sports, and graduated from Santa Clara University in 1989 with a political science degree. His upbringing emphasized public service, influenced by his mother’s resilience and fostering children.
Career
Gavin Newsom was elected governor of California in 2018, defeating Republican John H. Cox. Early in his tenure, he ended the California death penalty, pardoned seven people facing deportation, and implemented progressive policies on transgender rights, gun control, and health care.
Recall efforts intensified in 2020 over his handling of the COVID pandemic, triggering a 2021 recall election. Despite speculation, Newsom is not Nancy Pelosi’s nephew. Their brief connection stemmed from a past marriage between Newsom’s aunt and Pelosi’s brother-in-law, which ended in 1977.
Personal life
In 2001, Gavin Newsom married former San Francisco prosecutor and conservative commentator Kimberly Guilfoyle, but they divorced in 2006. Later that year, Newsom began dating film director Jennifer Siebel, and they married in 2008.
Together, they have four children. Jennifer’s father, Ken Siebel, is a successful investment manager and real estate investor. Her second cousin is Thomas Siebel, the multi-billionaire founder of the software company Siebel Systems.
Is Gavin Newsom related to the getty family?
Gavin Newsom is related to the Getty family through his father, William Alfred Newsom III (1934–2018). William was an American judge and served as the administrator of the Getty family trust.
Conclusion
Gavin Newsom’s net worth symbolizes his success in both the business world and political arena. His journey from a businessman to the Governor of California highlights his strategic acumen and ability to adapt and thrive in diverse fields.
FAQs about Gavin Newsom Net Worth
- How did Gavin Newsom accumulate his wealth?
- Through his political career and various business ventures, including his involvement in the PlumpJack Winery.
- What is Gavin Newsom’s net worth?
- As of now, Gavin Newsom’s net worth stands at $20 million.
- What business ventures has Gavin Newsom been involved in?
- He co-founded PlumpJack Associates L.P., leading to the PlumpJack Winery, and has been involved in various other businesses in hospitality and retail.
- What are some key political achievements of Gavin Newsom?
- His tenure as Mayor of San Francisco, Lieutenant Governor, and Governor of California, with significant contributions to LGBTQ rights, healthcare, and environmental policies.
