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Gavin Newsom and His Wife Made $1.4 Million in 2024, Tax Returns Show
The New York Times • • nation
Key Points:
- California Gov. Gavin Newsom released four years of federal tax returns, partly in response to a federal investigation into his wife Jennifer Siebel Newsom's finances.
- In 2024, the couple reported a taxable income of about $1.39 million, with over $1 million from investments, and salaries of approximately $192,000 for Newsom and $148,000 for his wife.
- This marks the first tax return disclosure since Newsom's 2022 re-election campaign, despite his earlier promise to release returns annually after first being elected governor.
- The returns from 2021 to 2024 show relatively stable finances, aside from a $1 million income boost in 2021 linked to the sale of a multimillion-dollar home.
- The Newsoms have significant investments in blind trusts, with only income from these investments reflected in the returns, which may not fully capture growth in their overall wealth.
