Gavin Newsom Releases Tax Returns Showing Consistent Income and Significant Charitable Giving
California Governor Gavin Newsom released over 700 pages of tax filings from 2022 to 2024, revealing that he and his wife, Jennifer Siebel Newsom, earned between $1.7 million and $2 million annually. The filings show that while Newsom's income has decreased by approximately 18% since he took office in 2019, his primary wealth remains tied to winery and hospitality businesses held in a blind trust. Newsom's annual salary as governor ranged from approximately $167,000 to $192,000, but the majority of his earnings came from his private investments. Jennifer Siebel Newsom reported steady wages from her nonprofit, The Representation Project, while her production company, Girls Club Entertainment, saw consistent losses. The couple also reported significant charitable contributions, including monetary donations and thousands of dollars worth of clothing and household goods. The release of these returns comes as the Newsoms face scrutiny from the U.S. Justice Department and the FBI. Newsom has characterized these investigations as politically motivated, while highlighting the contrast between his blind trust and the business dealings of Donald Trump during his presidency.