Gavin Newsom Net Worth: Gavin Christopher Newsom, an American politician and businessman, is currently the 40th Governor for California. Prior to becoming Governor of California, he was the 49th Lieutenant Governor in California as a member the Democratic Party. He also served as the 42nd Mayor for San Francisco between 2004 and 2011.
This article will cover Gavin Newsom’s net worth, early life, Personal Life, Real Estate and other details. To get all new updates follow Centralfallout.com
Gavin Newsom Net Worth
Gavin Newsom, an American politician and investor, has a net worth in excess of $20 million dollars. Newsom was elected the 40th governor in California in 2019. He is a Democrat and previously served as the Lieutenant Governor of California as well as San Francisco’s Mayor. Newsom also founded PlumpJack Winery and hosted “The Gavin Newsom Show”, on Current TV.
Brown appointed Brown to the San Francisco Board of Supervisors in 1997. This position he held until his run for mayor. He was the city’s youngest mayor in 100 years, and was elected 42nd Mayor of San Francisco in 2003. In 2007, Newsom was reelected. He was elected 49th Lieutenant Governor for California in 2010. Gavin was elected Governor of California in 2018.
He co-founded 11 companies. The company PlumpJack Associate L.P. was founded by Newsom, a 24-year-old. The group also started PlumpJack Winery in 1992. His business holdings were worth more than $6.9million in 2002. Newsom sold his part of the San Francisco businesses he owned when he was elected mayor in 2004.
|Net Worth:||$20 Million|
|Date of Birth:||Oct 10, 1967 (55 years old)|
|Height:||6 ft 3 in (1.91 m)|
|Nationality:||United States of America|
Early life & professional Career
Gavin Newsom was born 1967 in San Francisco, California. He is the son of Wilfred, a judge in state appeals courts and a Getty Oil attorney, as well as Tessa, his mother. Gavin was baptized in the Irish Catholic faith and raised by his father. He attended Ecole Notre Dame Des Victoires as a child.
It is a bilingual French-American school. He ended up moving because of severe dyslexia. Redwood High School was where he continued his basketball and baseball playing. Newsom enrolled at Santa Clara University to further his education. He graduated in 1989 with a BS in political science.
Newsom founded PlumpJack Associates in 1991 with his investors. This led to the founding of PlumpJack Winery. The business grew over time to include more than 700 employees. Newsom and his investors also opened several other businesses from 1993 to 2000, including restaurants and hotels as well as retail clothing shops.
Newsom was first exposed to politics when he served as a volunteer for Willie Brown’s 1995 campaign to become San Francisco’s mayor. Brown elected Newsom to the Parking and Traffic Commission. Newsom later made its president.
Brown elected Newsom to the San Francisco Board of Supervisors in 1997. He then elected to a full term of four years in 1998. Newsom was reelected twice in 2000 and 2002 as the representative of the second district. As Supervisor, Newsom was recognized for his advocacy for San Francisco’s reform of the municipal railway and his support for housing projects through public-private partnership.
Newsom’s most notable accomplishment as Supervisor was his Care Not Cash voter program, which provided support housing, care and drug treatment for the homeless, as well as behavioral health services. Newsom gained public attention after the measure was passed and he had the resources to run for mayor in the future.
Mayor of San Francisco
Newsom elected 42nd mayor of San Francisco in 2003. At 36 years old, he became the youngest mayor in the city’s history. Newsom was challenged in 2007 by 13 candidates. These included nudist activist George Davis, and Power Exchange owner Michael Powers. Newsom was not threatened by serious threats, however, he had raised $1.6million for his campaign before August.
Newsom won reelection with more than 72% of the vote. He declared that the housing, homelessness, education, and environmental issues will be the main priorities of his second term. He would also focus on Treasure Island and Hunters Point development projects.
Newsom’s notable accomplishments as mayor include the San Francisco Homeless Outreach Team (which provided affordable housing for people who are homeless) and Project Homeless Connect (which provided permanent housing for those in need of rental units). In 2004, Newsom directed the city-county clerk in violation of state law to issue gay marriage licenses. This received a lot of national attention.
Although the marriages cancelled, Newsom’s actions gained a lot of political support for the LGBTQ community and laid the foundation for legalizing same-sex marriage. In 2007, Newsom signed the Healthy San Francisco law, giving city residents universal healthcare.
California Lieutenant Governor
Newsom won the election for lieutenant governor in California after a failed 2009 gubernatorial race. He sworn into office under Governor Jerry Brown. In 2014, he was defeated by Republican Ron Nehring. Newsom was lieutenant governor during his failed attempts to repeal the death penalty. Newsom was more successful in legalizing cannabis in 2016 and creating education programs in the state.
Governor of California
Newsom elected governor of California in 2018, defeating Republican John H. Cox in a landslide victory. He was able to abolish the death penalty in California in 2019, just a few days after his swearing-in. Newsom also pardoned seven deportable people who had been in prison before. He later received approval for his progressive measures regarding transgender rights and gun control.
Many recall efforts made against Newsom early in his tenure. These efforts failed, but they gained momentum in 2020 when many Californians criticised Newsom for his handling of the state’s response the COVID pandemic. It was announced in February 2021 that sufficient signatures had been collected to trigger a recall election.
Newsom married Kimberly Guilfoyle, a former San Francisco prosecutor. They divorced in 2006. In 2001, Newsom began dating Jennifer Siebel (film director), whom he later married. They have four children together. Ken Siebel, Jennifer’s father is a highly successful real estate investor and investment manager. Thomas Siebel is her second cousin, the multi-billionaire founder and CEO of software company Siebel Systems.
After his election as governor of California, Newsom and his family moved from a house located in Marin County to the California Governor’s Mansion. He has settled in Fair Oaks since then.
It discovered that Newsom had an affair with Ruby Rippey–Tourk in 2007. Ruby Rippey–Tourk was Alex Tourk’s campaign manager at the time. Tourk filed for divorce from Newsom and left Newsom’s administration.
Gavin and Jennifer bought a Kentfield, California home for $2.225 million in 2011. This home was listed for sale by Gavin and Jennifer in February 2019 at $5.995 million. They sold the home for $5.895million in August 2021.
The couple purchased a Sacramento house worth $3.7 million in late 2018 shortly after Gavin elected Governor.
How did Gavin Newsom increase his net worth?
Although Newsom is a politician, he began his career as a winery owner. Plumpjack Associates was founded by Newsom and other investors in 1991. They launched the winery in the following year. Newsom also launched I1 additional businesses, each one of which was a new venture.
It partially funded by Gordon Getty, a businessman and classical music composer. Getty is the fourth generation of American industrialist J. Paul Getty
His business grew over time to employ more than 700 people. He had opened many companies in a variety of industries by 2000. PlumpJack Winery, PlumpJack Café, PlumpJack Development, PlumpJackSport and retail.
His personal income per year averaged more than $425,000 between 1996 and 2001. His total investments had reached $7 million by 2002.
Newsom elected San Francisco Mayor in 2004. This prompted him sell many of his San Francisco-based ventures. However, he did not retain ownership of any outside the city. Newsom earned approximately $250,000.
He is also a real-estate investor. Newsom made $750,000 from the sale of some of his properties in 2009. After his election as mayor, Newsom entered full-time politics and has held his place in the Democratic Party since.
Q. What is the net worth of Gavin?
A. Gavin Newsom estimated Net Worth is $20 Million as of 2022.
Q. What nationality is Gavin Newsom?
Q. When was Gavin Newsom born?
A. Gavin born on October 10, 1967.
Q. Where is Newsom from?
A. San Francisco.