Gavin Newsom Net Worth: Has He Entered Into Politics

A politician and investor in the United States, Gavin Newsom has a net worth of $20 million. In 2019, Gavin Newsom took office as the 40th governor of California. He was the Democratic mayor of San Francisco and the lieutenant governor of California. In addition to creating and hosting “The Gavin Newsom Show” on Current TV, Newsom also established the PlumpJack Winery.

A member of the San Francisco Board of Supervisors since Brown’s appointment in 1997, he ran for mayor of the city in 2010. He became the city’s youngest mayor in 100 years when he was elected in 2003, becoming the city’s 42nd mayor. In 2007, Newsom won reelection. He became California’s 49th Lieutenant Governor after his election in 2010. His election as California governor in 2018 was a success.

He’s a part of 11 company start-ups already. PlumpJack Associates L.P. was established in 1991 by 24-year-old Newsom and a group of investors. Founded in 1992, PlumpJack Winery is a collective effort. His wealth exceeded $6.9 million in 2002 thanks to his successful business ventures. At the time of his 2004 election as mayor of San Francisco, Newsom divested himself of his business interests.

Gavin Newsom

Net Worth: $20 Million
Date of Birth: Oct 10, 1967 (54 years old)
Gender: Male
Height: 6 ft 3 in (1.91 m)
Profession: Politician
Nationality: United States of America

Gavin Newsom Early Life And Career

Born to Wilfred Newsom, a state appeals court judge, and Tessa Newsom, an attorney for Getty Oil, Gavin Newsom is the son of the couple and the current mayor of San Francisco. Because his father was Irish Catholic, he was baptized and raised in that faith. He attended Ecole Notre Dame Des Victoires, a French-American bilingual school when he was a kid. However, he had to switch schools because of his dyslexia. Later, he enrolled at Redwood High School, where he continued his baseball and basketball careers. Newsom attended Santa Clara University, where he earned a BS in political science in 1989.

PlumpJack Winery is the result of a business venture that began in 1991 when Newsom and several investors established the company PlumpJack Associates. The company eventually expanded to employ more than 700 people. Newsom and his investors started many other companies in the food and retail industries between 1993 and 2000.

Gavin Newsom Entering Politics

Willie Brown’s campaign for mayor of San Francisco in 1995 provided Newsom with his first significant experience in politics. Newsom worked for Brown’s campaign. Brown appointed Newsom to a seat on the Parking and Traffic Commission shortly after Newsom’s election to the position of governor; Newsom would go on to become the commission’s president.

Newsom was first elected to a full four-year term on the San Francisco Board of Supervisors in 1998, after having been assigned to that position by Brown in 1997. Both in 2000 and 2002, Newsome won reelection to continue serving as the representative for the second district. During his time as Supervisor, he became well known for his efforts to promote the modernization of San Francisco’s municipal railway and for his assistance in the development of housing projects that were carried out in conjunction with private and public entities.

Gavin Newsom Entering Politics
Gavin Newsom Entering Politics

The most important thing that Newsom was able to accomplish during his time as Supervisor was to pass his voter initiative called “Care Not Cash,” which helped give care, drug treatment, supportive housing, and mental health services to the homeless. Newsom’s notoriety increased as a result of the successful passage of the legislation, and he gained access to the resources that would be necessary for him to run for mayor in the future.

Gavin Newsom Personal Life

Former San Francisco prosecutor and conservative legal analyst Kimberly Guilfoyle was Newsom’s wife in 2001; they separated in 2006. In that same year, Newsom began dating Jennifer Siebel, a film director whom he would eventually wed in 2008. They’re a happy couple with four kids. Ken Siebel, Jennifer’s father, is an incredibly wealthy money manager and property investor. Thomas Siebel, the multi-billionaire founder of software giant Siebel Systems, is her father’s second cousin once removed.

After being elected governor, Newsom and his family uprooted from Marin County and settled into the stately Governor’s Mansion in the heart of Sacramento. He has called the Fair Oaks region home ever since.

Newsom’s affair with Alex Tourk’s wife, Ruby Rippey-Tourk, became public knowledge in 2007. Tourk was Newsom’s campaign manager at the time. As a result, Tourk departed Newsom’s administration and filed for divorce.

Gavin Newsom Real Estate

In 2011, Gavin and Jennifer made a purchase in Kentfield, California, at a price of $2.225 million. In February of 2019, they placed this residence on the market with an asking price of $5.995 million. They received $5.895 million for the sale of this residence in August of 2021.

The couple made their purchase of a home in Sacramento for $3.7 million before the end of 2018, not long after Gavin was elected Governor of California.

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