() California Gov. Gavin Newsom is not only a high-profile politician but also a businessman with an extensive financial portfolio.
As of 2025, Finance Monthly estimates his net worth to be approximately $30 million, a result of a combination of political earnings, entrepreneurial endeavors, and various investments.
Political career
Newsom began his political journey in 1997 when San Francisco Mayor Willie Brown appointed him to the Board of Supervisors.
In 2003, he was elected mayor of San Francisco, becoming the youngest to hold the position in a century.
After serving two terms, he became California’s lieutenant governor in 2010 and was elected the state’s 40th governor in 2018.
He has since become known for championing progressive policies, including same-sex marriage rights, environmental reforms and universal health care.
Business ventures
Throughout his political career, Newsom has co-founded several businesses.
At the age of 24, he initiated PlumpJack Associates LP, which subsequently led to the establishment of PlumpJack Winery in 1992, according to Finance Monthly. Over the following ten years, the brand diversified into the restaurant, hotel, and retail sectors, ultimately employing over 700 individuals.
In 2002, the valuation of his business interests reached nearly $7 million. Upon assuming the position of mayor in 2004, Newsom divested his share in most of his ventures within San Francisco.
Real estate
Newsom and his wife, filmmaker Jennifer Siebel Newsom, have made high-profile real estate moves.
They bought a Kentfield, California, home in 2011 for $2.2 million, selling it in 2021 for nearly $5.9 million.
They later acquired a $3.7 million residence in a Sacramento suburb and in 2024 purchased a $9.1 million estate in Kentfield, previously owned by Hyatt heir Daniel Pritzker.
Investments and assets
Beyond PlumpJack, Newsom has held a blind trust worth more than $1 million in mutual funds, according to Gazette Direct.
His financial reports also reveal income from silver trades amounting to nearly $500,000 in 2011, in addition to royalties from his 2013 publication “Citizenville: How to Take the Town Square Digital and Reinvent Government,” which earned him $125,000 in 2019 alone.
