California Gov. Gavin Newsom (D) is not only a high-profile politician but also a businessman with an extensive financial portfolio.
As of 2025, his net worth is estimated at around $30 million, according to Finance Monthly, reflecting a mix of political salaries, entrepreneurial ventures and 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 just 24 years old, he launched PlumpJack Associates LP, which led to the opening of the PlumpJack Winery in 1992, Finance Monthly reported. Over the next decade, the brand expanded into restaurants, hotels and retail stores, employing more than 700 people.
By 2002, his business holdings were valued at nearly $7 million. When he became mayor in 2004, Newsom sold his stake in most of his San Francisco ventures.
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 purchased a $3.7 million home in a Sacramento suburb and acquired a $9.1 million Kentfield estate once owned by Hyatt heir Daniel Pritzker in 2024.
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 records also cite silver trading profits of nearly $500,000 in 2011, as well as royalties from his 2013 book “Citizenville: How to Take the Town Square Digital and Reinvent Government,” which brought him $125,000 in 2019 alone.
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