Gavin Newsom Net Worth, Biography, Career and Achievements

Joseph Kanu  - Content Writer, Editor and Blogger February 20, 2023
Updated 2023/08/24 at 9:25 AM
Gavin Newsom Net Worth

Hello there, welcome to where you’re going to find exactly Gavin Newsom net worth!

Did you know Gavin Newsom is a 56-year-old American politician and businessman born on October 10th, 1967, in San Francisco, California?

Gavin Newsom has served the 42nd mayor of San Francisco from 2004 to 2011, 49th lieutenant governor of California from 2011 to 2019, and  40th governor of California since 2019.

Since you’re searching for Gavin Newsom net worth, this articles presents to you exactly Gavin Newsom net worth, and as well shares with you some shreds of information like his biography, Business, and political careers, so you can know him better.

Popular Name: Gavin Newsom
Real Name: Gavin Christopher Newsom
Birth Date: October 10th, 1967
Birth Place: San Francisco, California
Age: 56 years old
Gender: Male
Nationality/Citizenship: American
Height: 1.91 M
Weight: 80 kg
Sexuality: Straight
Marital Status: Married
Spouse(s): Jennifer Siebel Newsom
Children: Montana, Hunter, Brookylynn, Dutch Newsom
Profession: Politician Businessman
Years active: Still Active To Date
Net Worth: $22 Million
Last Updated: 2023

Biography

Gavin Christopher Newsom popularly known as Gavin Newsom is a 56-year-old American politician and businessman born on October 10th, 1967, in San Francisco, California.

Gavin Newsom’ s father, William Alfred Newsom III, was a state appeals court judge and attorney for Getty Oil, and his mother was Tessa Thomas (née Menzies). His parents divorced in 1972 when he was yet a boy.

Gavin Newsom is a fourth-generation San Franciscan, he stands 1.91 meters high and weighs 80 kilograms.

He attended kindergarten and first grade at Ecole Notre Dame Des Victoires, a French-American bilingual school in San Francisco, he was later transferred out, as a result of a severe dyslexia he suffered.

Thereafter Gavin Newsom attended third through fifth grades at Notre Dame des Victoires. There, he was placed in remedial reading classes 

Gavin Newsom further had his education at Redwood High School, and thereafter attended Santa Clara University on a partial baseball scholarship, and graduated in 1989 with a Bachelor of Science as a political science major.

After graduation, Gavin Newsom founded the PlumpJack wine store with his family friend and billionaire heir, Gordon Getty, as an investor.

Concerning his family life, Gavin Newsom is married o Jennifer Siebel Newsom and the couple has four children including Montana, Hunter, Brookylynn, and Dutch Newsom.

Gavin Newsom Net Worth

A major part of Gavin Newsom net worth comes from the thriving business career he started early enough, and possibly from his political career, since he earns salary and some monthly allowances throughout his political career to date as Governor of California.

Currently, Gavin Newsom net worth is estimated at a whooping twenty-two million US Dollars ($22, 000,000).

Gavin Newsom’s Business Career

In May 1991, Gavin Newsom together with his investors founded the company PlumpJack Associates L.P.

The following year, in 1992, the group began the PlumpJack Winery with the financial support of his family friend and billionaire hair, Gordon Getty.

The name “PlumpJack” was from an opera written by Getty of the same name, who invested in 10 of Gavin Newsom’s 11 businesses.

According to what Gordon Getty told the San Francisco Chronicle he treated Gavin Newsom like a son and invested in his first business venture prior to that relationship.

One of the early interactions Gavin Newsom had with the government came up when he resisted the San Francisco Health Department demand to install a sink at his PlumpJack wine store.

The Health Department’s argument was that wine was a food so it demanded that the store should install a $27,000 sink in the carpeted wine shop on the grounds that the shop needed the sink for a mop.

In the course of time, Gavin Newsom was appointed supervisor, then he told the San Francisco Examiner, as quoted “That’s the kind of bureaucratic malaise I’m going to be working through.”

Newsom’s business grew into an enterprise with over 700 staff. In 1993, the business partners L.P. opened the PlumpJack Café, also on Fillmore Street.

From around 1993 to 2000, Gavin Newsom and his investors opened many other businesses including following:

  • The PlumpJack Squaw Valley Inn with a PlumpJack Café (1994) Awinery in Napa Valley (1995)
  • The Balboa Café Bar and Grill (1995)
  • The PlumpJack Development Fund L.P. (1996)
  • The MatrixFillmore Bar (1998)
  • PlumpJack Wines shop Noe Valley branch (1999)
  • PlumpJackSport retail clothing (2000)
  • A second Balboa Café at Squaw Valley (2000).

Gavin Newsom’s investments also were five restaurants and two retail clothing stores inclusive, his yearly income was greater than $429,000 between 1996 and 2001.

In 2002, Gavin Newsom’s  business holdings were valued at over $6.9 million, he  offered a monthly $50 gift certificate to PlumpJack staffs whose business ideas failed, according to his view, “There can be no success without failure.”

Gavin Newsom sold his share of his San Francisco businesses when he emerged as mayor in 2004.

Newsom still held ownership of the PlumpJack companies outside San Francisco, including the PlumpJack Winery in Oakville, California, new PlumpJack-owned Cade Winery in Angwin, California, and the PlumpJack Squaw Valley Inn.

Gavin Newsom serves as  the president in absentia of Airelle Wines Inc., which is affiliated to the PlumpJack Winery in Napa County.

Newsom garnered between $141,000 and $251,000 in 2007 from his business interests, and in February 2006, he paid $2,350,000 for his residence in the Russian Hill neighborhood, which he later put up for sale  in April 2009 for $3,000,000.

Gavin Newsom’s Political Career

Gavin Newsom had his first political experience as a volunteer for Willie Brown’s successful campaign for mayor in 1995, he hosted a private fundraiser at his PlumpJack Café.

In 1996, Willie Brown appointed Gavin Newsom to a vacant seat on the Parking and Traffic Commission , and he was thereafter elected president of the commission.

Later, Willie Brown appointed Gavin Newsom to the San Francisco Board of Supervisors seat Kevin Shelley had vacated in 1997.

Gavin Newsom at that time was the youngest member of San Francisco’s board of supervisors, he was sworn in by his father as he  pledged to bring his business experience to the board.

Willie Brown described Gavin Newsom as “part of the future generation of leaders of this great city”, and Gavin Newsom described himself as a “social liberal and a fiscal watchdog”.

In 1998, Gavin Newsom was elected to a full four-year term to the board, San Francisco voters did away with at-large elections to the board for the previous district system in 1999.

In 2000, and 2002 respectively, Gavin Newsom was reelected as representative of  the second in district, including:

  • Pacific Heights
  • The Marina
  • Cow Hollow
  • Sea Cliff 
  • Laurel Heights( with San Francisco’s highest income level and highest Republican registration).

Gavin Newsom offered $500 to the San Francisco Republican Party so he could appear on the party’s endorsement slate in 2000, as a result of that,  he was reelected unopposed in 2002.

Gavin Newsom as San Francisco Supervisor gained massive attention for his role in advocating reform of the city’s municipal railway (Muni).

Newsom was among the two supervisors endorsed by Rescue Muni, a transit riders group, in his 1998 reelection.

Gavin Newsom sponsored Proposition B to request Muni and other city departments to develop detailed customer service plans, and the measure passed with 56.6% of the vote.

He also sponsored a ballot measure from Rescue Muni, a version of the measure was okayed by voters in November 1999.

During Gavin Newsom’s tenure as supervisor, he supported housing projects via public-private partnerships to boost homeownership and affordable housing in San Francisco.

Gavin Newsom As Mayor of San Francisco (2004-2011)

Gavin Newsom emerged at the first position in the November 4th, 2003, general election in a nine-person field.

Newsom garnered 41.9% of the votes to Green Party candidate Matt Gonzalez‘s 19.6% in the first round of balloting, however, he faced a closer contention in the December 9 runoff, as many of the city’s progressive groups stood behind Gonzalez.

After all the battles, Gavin Newsom won the runoff with 53% of the vote to Gonzalez’s 47%, recording a margin of 11,000 votes.

Gavin Newsom contested as a business-friendly centrist Democrat and a moderate in San Francisco politics. Some of Newsom’s  opponents called him conservative.

On January 3rd 2004, Gavin Newsom was sworn in as mayor, and he called for unity among the city’s political factions. He promised to fix the issues of public schools, potholes and affordable housing.

Gavin Newsom As Lieutenant Governor Of California (2011-2019)

Gavin Newsom in April 2009 declared his candidacy for governor of California in the 2010 election, and in September 2009 he was endorsed by former President Bill Clinton.

As part of his campaign promises,Gavin Newsom said  if elected, he would like to be called “The Gavinator” being a reference to the nickname of sitting Governor Arnold Schwarzenegger, “The Governator”).

Gavin Newsom had low poll numbers throughout the campaign, trailing Democratic frontrunner Jerry Brown by over 20 points in majority of polls.

Gavin Newsom dropped out of the contest in October 2009, and in February 2010, he filed the first paperwork to contest for lieutenant governor.

In March 2010, Newsom officially declared his candidacy, he got the Democratic nomination in June, and in November 2010, he won the election.

On January 2011, Gavin Newsom was sworn in as lieutenant governor, he served under Governor Jerry Brown.

There was a week delay to ensure that a successor as mayor of San Francisco was picked before he left office, and the city administrator, Edwin M. Lee, took office the day after Gavin Newsom was sworn in.

Gavin Newsom won his  reelected bid as lieutenant governor in November 2014. He defeated Republican Ron Nehring with 57.2% of the vote, and began his second tenure on January 5, 2015.

Gavin Newsom as Governor of California (2019 to Date)

In February 2015, Gavin Newsom declared open of campaign account for governor in the 2018 elections, to enable him to raise funds for a campaign to succeed Willie Brown as governor of California.

In June 2018, Gavin emerged in the top two in the nonpartisan blanket primary. He defeated Republican John H. Cox by a landslide in the November 6th general election, and was sworn in on January 7th, 2019.

After Gavin Newsom was sworn in as governor of California, several recall attempts were launched against him just at the start of his term, however the attempts failed to gain much traction.

In February 2020, there was a recall petition introduced by Orrin Heatlie, a deputy sheriff in Yolo County, stating Gavin Newsom’s sanctuary state policy and laws he endorsed to favored “foreign nationals, in the  country illegally”.

The petition also had it that“ California had high homelessness, high taxes, and low quality of life”, and was approved by California Secretary of State for circulation in June  2020.

 A total of 1,495,709 verified signatures where required to force the gubernatorial recall election.

As at August 2020, a total of 55,000 signatures were already submitted and verified by the secretary of state, and by October 2020, 890 additional valid signatures were submitted .

At first, the petition’s signature deadline was November 17, 2020, however, it was extended to March 17, 2021 as a result of a ruling by Judge James P. Arguelles that petitioners could have more time due to the pandemic.

As time went on, more verified signatures were submitted, while the outcome is still awaited especially for some issues like public health, education, and public funds misappropriation scandals.

Conclusion

Gavin Newsom is one of the most successful business men who as a result or the other have build a substantive and thriving business and have  garnered massive wealth from those various businesses.

Even in his political career, it could be said of Gavin Newsom that he has really been successful, especially considering his movement from one echelon to the other.

Reflecting once more on his current financial status, though many so many persons are pleased with the net worth he has garnered so far, but with all hopes alive, Gavin Newsom net worth will surely go up in the course of time.

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