Gavin Newsom has a net worth of $42 Million USD. Newsom earns $5 Million annually through his businesses, lobbying and investments. He is the founder of PlumpJack Group, a company that operates Wineries and Restaurants across California.
Lobbying Earnings
Newsom’s annual income exceeds $1.3 million as he engages in lobbying on behalf of various businesses and affluent individuals. These businesses seeking government approvals turn to Newsom, who expedites the paperwork process smoothly and without obstacles.
As an example, a Burbank, California-based manufacturer encountered difficulties when seeking Environmental clearances from State Authorities. Newsom swiftly accomplished this task, with the company paying him $250,000. Such Lobbying earnings constitute more than 3% of Newsom’s total net worth.
Suspicious Transactions
Gavin Newsom paid $1.6 million for a residential home in 2018. When he put the house up for sale just four months later, an unidentified bidder bought it for $4 million. Within months, Newsom made over $2.5 million in profits from a single deal.
Newsom’s enterprises maintained their financial accounts with Silicon Valley Bank (SVB). Curiously, just one day prior to SVB’s collapse, both Newsom and his companies were granted a $2 million loan. This situation raises suspicions, especially given that the loan application was expedited with minimal documentation and limited due diligence.
Rolex Story
Likewise, Gavin Newsom acquired a limited edition 1965 Rolex for slightly less than $7,000 through an auction. In the pre-auction description, experts indicated that this timepiece had the potential to reach a value of up to $25,000.
The seller of this watch decided to sell the watch to Newsom at a reduced price for reasons unknown.
Gavin Newsom’s Net Worth
| Net Worth | $42 Million |
| Annual Income | $5 Million |
| Salary | $210,000 |
| Business Profits | $1.8 Million |
| Anonymous Earnings | $900,000 |
FAQs
Gavin Newsom is married to his partner, Jennifer Siebel Newsom. Jennifer Siebel Newsom is an actress and filmmaker.
Newsom’s height is 1.91 meters.
Yes, Gavin Newsom has four children with his wife, Jennifer Siebel Newsom. Their children’s names are Montana Tessa Newsom, Hunter Siebel Newsom, Brooklynn Newsom, and Dutch William Newsom.
$5 Million annual income.