Gavin Newsom Releases Tax Returns Showing $1.7–2 Million Annual Income

Herz — World Desk · 31 July 2026 at 19:46 · 30s summary · 2 min read

What We Know

California Governor Gavin Newsom's office released more than 700 pages of tax returns on July 31, 2026, spanning four years and made available to journalists. According to The Guardian, this marks the first such disclosure since 2022.

From 2022 to 2024, Gavin Newsom and his wife Jennifer Siebel Newsom earned between $1.7 and $2 million annually. Federal and state taxes totaled approximately $500,000 per year during this period.

In 2021, the couple's income reached $4.2 million and their taxes exceeded $1 million. This spike resulted from the sale of a house in Marin County for close to $6 million, which generated a capital gain of approximately $800,000.

Sources of Income

As California governor, Newsom earns approximately $200,000 annually. The majority of his income derives from his wine and restaurant enterprises, which have been managed by an independent trustee since he took office in 2019.

These businesses operate under the PlumpJack Group umbrella, a conglomerate of vineyards and restaurants currently managed by Newsom's sister and cousin.

Jennifer Siebel Newsom, a filmmaker, founded the production company Girls Club Entertainment. The company recorded losses in most years and notably produced the documentary 'Miss Representation' in 2011.

Expenses and Charitable Giving

The filings reveal annual charitable donations ranging from $40,000 to $65,000. In 2022, the couple donated Armani clothing, purchased for $45,000, to a racial justice organization in Oakland.