Gavin Newsom Net Worth

Gavin Newsom's Net Worth
Source: Instagram

The COVID pandemic doesn’t seem to slow down. With the number of cases rapidly increasing every day, the subsequent death tolls are also rising. While the second half of the year kept people busy in other things like Black Lives Matter protests and the Presidential elections, the shadow of the coronavirus pandemic is still clouding the world.

Seeing the rise in COVID cases, which are only expected to increase even more in the coming days, Governor Gavin Newsom has issued a new ‘regional‘ stay-at-home directive for the people of California. In a press release on Thursday, Gavin Newsom announced that the new stay-at-home order would go into effect from Saturday at 12:59 p.m. PT. In his statement, Governor Newsom said, 

“The bottom line is if we don’t act now, our hospital system will be overwhelmed. If we don’t act now, we’ll continue to see the death rate climb, more lives lost.”

The 53-year-old California Governor had hinted of a new stay-at-home policy was in the works on Monday. But when the state registered 20,759 new cases on Wednesday, the highest ever for the state, Newsom was left with no other option but finally announced the new directive to slow the second surge of the virus.

What is Governor Gavin Newsom’s Net Worth?

As per his financial disclosure, Newsom and his wife Jennifer had a total income of $1.2 Million in 2018. He also has earnings from his various business ventures. According to, Gavin Newsom’s net worth is somewhere in the range of $10 Million to $20 Million.

Newsom’s financial disclosure further revealed that about 2% of the family earning are donated to charity. He paid around $87,500 in household employment taxes for a staff of four who take care of his children. He further reported an additional net income of more than $775,000 from rental real estate, royalties, partnerships, trusts, and several other business ventures and investments. 

In 1992 Newsom founded The PlumpJack Group, which owns a hotel, four Napa Valley wineries, and numerous bars, restaurants, and wine & liquor stores. In 2019, Newsom and his wife listed their home in Kentfield for $5.995 Million, a house they originally purchased for just $2.5 Million. After being elected as the Governor of California, Newsom bought a home worth $3.7 Million in Sacramento.

What does the new stay-at-home directive mean for the state of California?

As per Governor Newsom’s new directive, California is being broken into five regions: Northern California, Greater Sacramento, Bay Area, San Joaquin Valley, and Southern California. When any of these regions’ ICU capacity starts falling below 15%, the new stay-at-home order will be triggered.

This means that whenever the order is triggered in any region, all bars, wineries, nail salons, hair salons and barbershops, and other personal care services will need to close. Even private gatherings of any size will be prohibited.

Restaurants can stay open, but only for takeout and delivery. The directive allows all retail stores to remain open at a 20% capacity. Hotels and motels are now restricted to only guests traveling for an “essential” reason.


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