Gavin Newsom reveals personal income of $1.7m-$2m in tax return release

California Governor Gavin Newsom and his wife, Jennifer Siebel Newsom, released their tax returns for 2022-2024, showing an annual income between $1.7 million and $2 million. They paid approximately $500,000 annually in federal and state taxes during this period. The returns, spanning four years, offer insight into their finances as Newsom considers a 2028 presidential bid. Most of Newsom's income originates from winery and restaurant businesses managed through a blind trust. The release occurs amid investigations into the Newsoms' finances, which the governor has called politically motivated. Their income has been consistent since 2019, with an exception in 2021 due to a significant house sale.

California Governor Gavin Newsom and his wife earned between $1.7 million and $2 million annually from 2022 to 2024, paying approximately $500,000 in federal and state taxes each year. His office released over 700 pages of tax filings spanning four years for reporters to review. The couple's income has been consistent since 2019, with an exception in 2021 when a house sale resulted in $4.2 million in earnings. Newsom's income primarily stems from winery and restaurant businesses held in a blind trust, while his wife's film production company experienced losses. The tax returns were released amid ongoing U.S. Justice Department investigations into the Newsoms' finances.