Episode Details

Governor Gavin Newsom just released seven hundred pages of his tax returns, revealing a financial picture as he prepares to step down and possibly run for president in 2028. His income has hovered around $1.7 million annually since 2019, but 2021 saw a major spike after selling a house for nearly $6 million, netting $800K and pushing total earnings to $4.2 million — with over $1 million paid in taxes. While his governor’s salary is just $200K, most of his wealth comes from his wine and restaurant ventures, now managed through a blind trust to shield specifics. His sister and cousin run the PlumpJack Group. The filings also show consistent childcare expenses ($14K–$44K/year for three kids) and generous charitable giving ($40K–$65K annually, plus donated goods). This is his first tax disclosure since 2022 — and comes amid Justice Department investigations he calls politically motivated.

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