Key facts
- California Governor Gavin Newsom and his wife Jennifer Siebel Newsom reported annual income between $1.7M and $2M from 2022-2024.
- The couple paid approximately $500,000 annually in federal and state taxes during this period.
- Over 700 pages of tax filings spanning four years were released by Newsom's office.
- Newsom stated he is the first California Governor to release tax returns covering every year of his tenure.
- The U.S. Justice Department is investigating the Newsom family's finances.
California Governor Gavin Newsom and his wife Jennifer Siebel Newsom reported annual income between $1.7 million and $2 million from 2022 through 2024, according to tax returns released by the governor's office. The couple paid approximately $500,000 annually in federal and state taxes during this period.
The release of over 700 pages of tax filings, spanning four years, comes as Newsom weighs a potential presidential bid and as the U.S. Justice Department reportedly investigates the Newsom family's finances. Newsom's office stated that the governor is the first in California history to publicly release tax returns covering every year of his tenure.
Newsom earns nearly $200,000 annually as governor, with the majority of his income derived from businesses now in a blind trust. Jennifer Siebel Newsom's film production company, Girls Club Entertainment, saw its pay drop significantly, and Newsom's income from his writing, including his memoir, increased in recent years. The family also realized a profit of approximately $800,000 from selling a house in 2021 for nearly $6 million.
The filings detail annual charitable donations ranging from $40,000 to $65,000. Newsom has characterized the federal investigation into his family's finances as politically motivated.