Gavin Newsom Net Worth 2026: PlumpJack Wineries, Tax Returns and Real Estate

Gavin Newsom’s net worth is about $30 million, according to an estimate by Finance Monthly that The Hill cited in August 2025. Newsom has never published a net worth figure. Forbes reviewed his business stakes in October 2025 and said his share of the family wine business alone could be worth tens of millions of dollars, but it did not give a total.

Gavin Newsom: quick facts

Net worth

$30 Million

Salary / earnings

$246 Thousand per year

Source of wealth

PlumpJack wine and hospitality stakes, real estate

Profession

Politician, Governor of California, businessman, author

Nationality

American

Place of birth

San Francisco, California, United States

Date of birth

October 10, 1967 (age 59)

Most of his wealth comes from the PlumpJack Group, the wine, restaurant and hotel business he co-founded in 1992 with backing from billionaire Gordon Getty. Since he became governor in January 2019, those stakes have sat in a blind trust. His sister, Hilary Newsom, runs the company.

His public paychecks are a smaller part of the picture. Newsom earns about $246,000 a year as Governor of California, and tax returns he released in July 2026 show the household earning $1.7 million to $2 million a year from 2022 to 2024, mostly from investments. His second term ends in January 2027. For more profiles of public officials, see our list of politicians’ net worth.

Gavin Newsom at a glance

• Net worth: about $30 million (Finance Monthly estimate cited by The Hill, August 2025)
• Born: October 10, 1967, in San Francisco, California
• Profession: politician, businessman, author and podcast host
• Offices held: San Francisco Board of Supervisors (1997–2004), Mayor of San Francisco (2004–2011), Lieutenant Governor of California (2011–2019), Governor of California (2019–present)
• Key business: PlumpJack Group, which includes Napa Valley wineries, restaurants, bars, wine shops and an inn
• Salary: $245,929 a year as governor (effective December 2025)
• Biggest single gain: the 2021 sale of his first Kentfield home for about $5.7 million, more than double what he paid
• Books: Citizenville (2013) and the memoir Young Man in a Hurry (2026)
• Spouse: filmmaker Jennifer Siebel Newsom (married 2008); four children

His net worth by year is charted at the end of this article.

Where Gavin Newsom’s money comes from

Source	Details	Estimate
PlumpJack wineries	Stakes in PlumpJack, CADE and Odette estate wineries in Napa Valley	PlumpJack Estate stake disclosed at over $1 million; Forbes values the wineries at over $400 million combined
Restaurants, bars and shops	Balboa Cafe, White Rabbit, PlumpJack Wine & Spirits stores in San Francisco	White Rabbit revenue share above $100,000 a year since 2020 (disclosures)
Real estate	Kentfield home bought in 2024; Fair Oaks estate listed for sale in 2026	About $9 million and $7.5 million (asking), before mortgages
Government salary	Governor of California since 2019	$201,680 rising to $245,929 a year
Books	Citizenville and Young Man in a Hurry	$70,000 (2023) and $75,000 (2024) in author income on tax returns
Spouse’s work	Representation Project salary; stake in Girls Club Entertainment	About $150,000 a year in wages; film company stake $100,000 to $1 million

Gavin Newsom’s salary and income by year

California’s governor is paid on a schedule set by the California Citizens Compensation Commission. New rates take effect each December. Newsom has been the highest-paid governor in the country for most of his time in office.

Pay period	Governor’s salary
2018–2019	$201,680
2019–2020	$209,747
2020–2021	$209,747
2021–2022	$218,556
2022–2023	$224,020
2023–2024	$234,101
2024–2025	$242,295
From December 2025	$245,929

What his tax returns show

Newsom and his wife file jointly, and several years of their returns are public. The figures below are household totals as reported by the Associated Press and The New York Times.

Tax year	Reported income	Notes
2018	$1.2 million	About $800,000 from PlumpJack businesses; $131,000 lieutenant governor salary; $480,179 in taxes
2019	About $1.7 million	First year as governor
2020	Nearly $1.5 million	More than $1 million from business partnerships; about $480,000 in taxes
2021	$3.5 million taxable ($4.2 million total, per AP)	Boosted by a gain of more than $1 million on the sale of a Marin County home
2022–2023	$1.7 million to $2 million a year	Mostly investment income from the blind trust
2024	About $1.39 million taxable	More than $1 million from investments; about $192,000 in wages for Newsom

In July 2026 Newsom’s office made 718 pages of returns for 2021 through 2024 available for in-person review. Over those four years the couple paid about $2.79 million in federal income tax and roughly $500,000 in state income tax, according to The New York Times. They filed an extension for 2025.

Early life

Gavin Christopher Newsom was born on October 10, 1967, in San Francisco. His father, William Newsom III, was a state appeals court judge who had worked as an attorney for the Getty family. His mother, Tessa Menzies, raised Gavin and his younger sister, Hilary, after the couple divorced in 1971.

The family was not rich, but it was close to one of America’s richest families. Gordon Getty, a son of oil tycoon J. Paul Getty, was a longtime family friend. That tie would later fund Newsom’s first business. For context on fortunes of that size, see our list of the richest people in the world.

Newsom has dyslexia and has said it forced him to find workarounds. He graduated from Redwood High School in Larkspur in 1985 and earned a political science degree from Santa Clara University in 1989.

Building PlumpJack (1991–2003)

After college Newsom worked briefly in real estate. In 1991 he formed PlumpJack Associates, and in 1992 he opened the PlumpJack wine shop on Fillmore Street in San Francisco, with Gordon Getty as an investor. The name comes from an opera Getty wrote about Shakespeare’s Falstaff.

The business grew quickly. Over the next decade PlumpJack added:

• PlumpJack Estate Winery in Oakville, Napa Valley (1995)
• The PlumpJack Squaw Valley Inn near Lake Tahoe, now the PlumpJack Inn in Olympic Valley
• Restaurants and bars, including the Balboa Cafe in San Francisco
• Later, the CADE winery on Howell Mountain and Odette in Stags Leap

By the early 2000s the group employed hundreds of people. Newsom’s holdings were reportedly worth several million dollars when he ran for mayor.

Mayor of San Francisco (2004–2011)

Newsom was appointed to San Francisco’s Parking and Traffic Commission in 1996 and to the Board of Supervisors in 1997 by Mayor Willie Brown. He won the mayor’s race in 2003 and took office in January 2004.

To avoid conflicts, he sold his stakes in his San Francisco businesses to Gordon Getty for a reported $1.7 million in 2004, according to Forbes. He kept his interests in businesses outside the city, such as the wineries and the Tahoe inn. After leaving the mayor’s office he bought the San Francisco stakes back in 2011, using a loan from Getty.

As mayor he drew national attention in 2004 when he directed the city to issue same-sex marriage licenses. He was re-elected in 2007.

Lieutenant governor and TV host (2011–2019)

Newsom served two terms as Lieutenant Governor of California, a post that paid about $131,000 a year by 2018. The job left time for side projects:

• Current TV: he hosted The Gavin Newsom Show on the cable channel in 2012.
• Book: his first book, Citizenville, about technology and government, came out in February 2013.
• Business: PlumpJack income was the household’s largest source of money, about $800,000 in 2018 alone.

Governor of California (2019–2027)

Newsom won the 2018 governor’s race and was sworn in on January 7, 2019. In 2021 he survived a recall election, with about 62% of voters choosing to keep him. He won a second term in 2022 with 59.2% of the vote.

His time in office has included the COVID-19 pandemic, the January 2025 Los Angeles wildfires and repeated legal fights with the administration of Donald Trump, including a June 2025 lawsuit over the federalization of California National Guard troops. During the 2024 campaign he was a prominent surrogate for Joe Biden before Biden left the race.

Prop 50 and 2028 speculation

In November 2025 California voters approved Proposition 50, a Newsom-backed measure that lets the state use a legislature-drawn congressional map through 2030. It passed with 64.4% of the vote, according to Ballotpedia. The measure was a response to mid-decade redistricting in Texas.

Newsom has said he will consider a 2028 presidential run after the 2026 midterm elections. In a September 2026 CNN interview, he said he would not run if former Vice President Kamala Harris did. He is term-limited and leaves office in January 2027.

The blind trust and PlumpJack today

On December 21, 2018, Governor-elect Newsom announced he would move his business holdings into a blind trust. The trustee, attorney and family friend Shyla Hendrickson, has full control, including whether to sell, and may not discuss her decisions with him. He also signed an order barring state agencies from doing business with PlumpJack.

At the time the group included four hotels, four Napa Valley wineries, several bars and restaurants, two San Francisco wine shops and an online store. A Forbes review of his disclosures in October 2025 listed these stakes:

Business	Location	Disclosed value or income
PlumpJack Estate Winery	Oakville, Napa	Stake over $1 million; revenue share over $100,000 (2024)
Odette Estate Winery	Napa	$100,000 to $1 million
CADE Estate Winery and CADE 13th Vineyard	Angwin	Not disclosed; Forbes calls the vineyard his largest direct interest
PlumpJack Wine & Spirits (Fillmore St.)	San Francisco	Stake and leasehold each $100,000 to $1 million
White Rabbit	San Francisco	Revenue share over $100,000 a year since 2020
Balboa Cafe	San Francisco	Not disclosed
PlumpJack Inn and Cafe	Olympic Valley	Not disclosed

California disclosure forms use broad value ranges, so the exact worth of his stakes is not public. Forbes estimated that the PlumpJack wineries together are worth over $400 million, which would make even a minority share worth tens of millions. In 2023 The Intercept reported that Newsom had personal and business accounts at Silicon Valley Bank, which failed that March.

Books and podcast

Newsom’s memoir, Young Man in a Hurry: A Memoir of Discovery, was announced in 2025 and published by Penguin Press on February 24, 2026. His tax returns show $70,000 in 2023 and $75,000 in 2024 in author income, though the returns do not say which book it came from. The advance has not been made public.

The book sold almost 100,000 print copies, according to Kirkus Reviews. About 67,000 of those were bought by his political committee, the Campaign for Democracy, which spent about $1.56 million to send copies to donors. A spokesperson said Newsom received no royalties on those copies.

In March 2025 he launched the podcast This Is Gavin Newsom with iHeartMedia. Early guests included Charlie Kirk and Steve Bannon, and later episodes featured Ben Shapiro and Bill Clinton. The show is set up so that Newsom is not paid for it.

Jennifer Siebel Newsom’s film company

Jennifer Siebel Newsom is a former actress turned documentary filmmaker. She founded the nonprofit The Representation Project in 2011 and draws a salary of about $150,000 a year from it.

Her production company, Girls Club Entertainment, made the documentaries Miss Representation (2011), The Mask You Live In (2015) and The Great American Lie (2019). It paid her $111,000 in 2018 but has lost money in most recent years. In 2022 it lost $37,393 and paid her $11,700. Her stake is disclosed at $100,000 to $1 million.

Real estate

Real estate has been one of Newsom’s clearest money-makers. His first Kentfield home more than doubled in value, and his Fair Oaks estate was listed in 2026 at about twice its purchase price.

Property	Year	Reported price
Kentfield, Marin County home (bought)	2011	About $2.2 million
Kentfield home (listed)	2019	$5.995 million asking
Kentfield home (sold off-market)	2021	About $5.7 million
Fair Oaks estate near Sacramento (bought)	2019	About $3.7 million
Kentfield home bought from Daniel Pritzker	2024	About $9 million to $9.1 million
Fair Oaks estate (listed)	2026	$7.5 million asking

• First Kentfield home: a 1950s, roughly 4,000-square-foot house with five bedrooms, a pool and views of San Francisco. It sold in May 2021, during the recall campaign. The gain lifted the couple’s 2021 income above $3.5 million.
• Fair Oaks: a gated estate of about 12,000 square feet on 8.2 acres, with a pool, tennis court, guest house and a 5,000-bottle wine cellar. The family took out $2.7 million loans in 2020 and 2021. It was listed with Sotheby’s in August 2026 as the family prepares to leave Sacramento.
• New Kentfield home: a 5,609-square-foot modernist house with six bedrooms, a guest house and views of Mount Tamalpais, bought in November 2024 through an LLC with a reported $6.5 million loan.

Personal life

Newsom married lawyer and TV commentator Kimberly Guilfoyle in 2001. They divorced in 2006. He married Jennifer Siebel in 2008. They have four children: Montana, Hunter, Brooklynn and Dutch.

The family lived in the Fair Oaks estate for most of his time as governor rather than in the historic Governor’s Mansion. A spokesperson said in 2026 that the family is gradually moving back to Marin County ahead of the end of his term.

Philanthropy

The Newsoms’ tax returns show cash gifts to charity of $40,000 to $67,000 a year from 2021 to 2024, with the high in 2023. They also donated clothing, furniture, toys and household goods to groups including Goodwill Industries of Sacramento Valley and Northern Nevada. Their 2018 return listed $25,683 in donations, including to Best Buddies.

How Gavin Newsom compares

Newsom is well off but far from the richest politicians in the country. Here is how he compares with other well-known officials.

Name	Net worth	Main source
Gavin Newsom	About $30 million	PlumpJack wine and hospitality stakes, real estate
Donald Trump	About $6.8 billion	Real estate, golf, crypto, Trump Media
JB Pritzker (Illinois governor)	About $3.9 billion	Hyatt family fortune
Joe Biden	About $10 million	Homes, books, pensions
Kristi Noem	About $5 million	Family insurance agency, ranchland

Figures: Newsom from Finance Monthly via The Hill (August 2025); Trump from Forbes (October 2026); Pritzker from Forbes via Newsweek (2026); Biden from Forbes; Noem from Forbes (May 2025).

Frequently asked questions

How much is Gavin Newsom worth?

About $30 million, according to a Finance Monthly estimate cited by The Hill in August 2025. Newsom has not disclosed an exact figure, and his business stakes are held in a blind trust.

How much does Gavin Newsom make as governor?

His salary is $245,929 a year as of December 2025, up from $201,680 when he took office in 2019.

Does Gavin Newsom still own PlumpJack?

He still holds stakes in PlumpJack wineries, restaurants and other businesses, but they have been in a blind trust run by an independent trustee since he became governor in 2019. His sister, Hilary Newsom, is the company’s president.

How much did Gavin Newsom earn according to his tax returns?

The household earned between $1.7 million and $2 million a year from 2022 to 2024. Income peaked in 2021 at $3.5 million in taxable income because of a home sale.

Does Gavin Newsom get paid for his book and podcast?

His returns show $70,000 in 2023 and $75,000 in 2024 in author income. His iHeartMedia podcast is set up so that he receives no pay, and his spokesperson said he got no royalties on copies of his memoir bought by his political committee.

Where does Gavin Newsom live?

The family lived in a Fair Oaks estate near Sacramento, which was listed for $7.5 million in August 2026. In 2024 they bought a home in Kentfield, Marin County, for about $9 million.

Sources: Forbes (October 2025 review of Newsom’s business stakes), The Hill and Finance Monthly, The New York Times and Associated Press (tax returns), California Citizens Compensation Commission, San Francisco Standard, Newsweek, SFGate, KTVU, Kirkus Reviews, Ballotpedia, ABC7, The Intercept, Wikipedia. All net worth figures are estimates.