Gavin Newsom Net Worth

Gavin Newsom is the governor of California. Newsom has endorsed Vice President Kamala Harris as the 2024 Democratic presidential candidate.

Born and raised in California, Newsom has held various local and state positions throughout his political career. In 2003, Newsom became San Francisco’s youngest mayor in more than a century. He went on to become Lieutenant Governor of California in 2010, and was elected governor in 2018. He has remained governor since.

Newsom has a net worth of $20 million, according to Celebrity Net Worth. Here’s how Newsom made his millions.

Politics, Investments and Businesses

Newsom’s annual salary as the governor is $234,000 as of December 2023.

Aside from his political career, Newsom has built wealth through his businesses and investments. True to his Northern California roots, Newsom founded and invested in wineries.

In 1992, Newsom founded San Francisco-based wine store, PlumpJack Wines. It eventually became the PlumpJack Management Group, with wineries, restaurants, retail stores, and the PlumpJack Inn in its portfolio. Newsom still owns a stake in the PlumpJack Management Group, valued between $100,000 and $1,000,000, according to his 2023 financial disclosure (only a range is required on the disclosure form).

Newsom is invested in other wineries and winery investment companies as well. His biggest investments include Airelle Wines Inc., Moswen LLC, and Villa Encinal Partners, each valued at over $1 million. Newsom is invested in a restaurant management company, Falstaff Management Group, and Balboa Cafe Partners, a restaurant in San Francisco—both investments are valued at over $1 million.

Newsom also shares a blind trust investment fund with his wife, Jennifer Siebel, valued at over $1 million.