Newsom and his wife earned about $2M a year from 2022 to 2024

Key Points:

• California Gov. Gavin Newsom and his wife earned between $1.7 million and $2 million annually from 2022 to 2024, paying about $500,000 in federal and state taxes each year, according to tax returns released by his office.
• The couple's income has remained relatively stable since Newsom took office in 2019, except in 2021 when they earned $4.2 million due to a $6 million home sale, resulting in over $1 million in taxes paid that year.
• Most of Newsom's income comes from winery and restaurant businesses placed in a blind trust, with his sister and cousin now managing the PlumpJack Group, while his wife’s production company, Girls Club Entertainment, has mostly reported losses.
• The tax filings reveal annual childcare expenses between $14,000 and $44,000 for three of their four children and charitable donations ranging from $40,000 to $65,000, including significant in-kind contributions like high-end clothing to nonprofits.
• The release of the tax returns coincides with ongoing Justice Department investigations into the Newsoms, which Gov. Newsom has criticized as politically motivated.