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Gov. Gavin Newsom releases tax returns showing $2M annual income
['Fox Digital Team']
Latest News | KTVU
The Brief California Governor Gavin Newsom and his wife earned between $1.7 million and $2 million annually from 2022 to 2024, paying about $500,000 per year in federal and state taxes.
Filings for 2025 were omitted due to an October filing extension, and business-level breakdowns remain undisclosed amid recent U.S. Justice Department scrutiny that Newsom calls politically motivated.
Gavin Newsom and his wife released four years of tax filings showing millions in annual income, offering a detailed look at their personal finances as the governor nears the end of his term and evaluates a potential 2028 presidential run.
While Newsom earns nearly $200,000 annually as governor, most of the family's income originates from his hospitality empire, The PlumpJack Group, which encompasses wineries and restaurants.
What's next:The Newsoms are scheduled to complete their 2025 tax filings in October following their extension request.