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Gavin Newsom Net Worth (2022 Update): The Public Servant Who Is Also A Millionaire Businessman

40th California Governor Gavin Newsom has had his heart for the people since 1996. With his bold plans and intense desire for change, he’s willing to do everything he can with a net worth of $20 million.

Gavin Newsom Net Worth
But How Did He Make His Money?

The one thing that’s well-known about ultra high net worth individuals (UHNWs) – the folks worth at least $30 million USD – is that virtually ALL of them have some part of their fortune in real estate. Many of the more famous rich people and “celebrity entrepreneurs” actually got their start in real estate. And that’s great for them! Not so much for us…

See, more millionaires are created during recessions than any other part of the economic cycle. Which is cool, except the last real recession was 2008, when real estate prices were in the tank and you could buy a whole neighborhood with $100,000. Now, though, real estate prices are through the roof, and interest rates are skyrocketing too. So how does the everyday person start building a massive net worth in an economy like this one?

Have you considered Digital Real Estate? The internet’s been around for decades, but the possibility of actually owning high-value pieces of property ON the internet is fairly new. In other words, it’s a wide open playing field…but it won’t stay that way forever.

Here’s a quick summary of how Digital Real Estate works: You invest a little money (maybe around $100) to either purchase or build a piece of “land” on the internet. You specifically place this “land” in a high-traffic area, where lots of people pass through (just like traditional real estate, it’s all about Location, Location, Location).

The folks who pass through your “land” all happen to be looking for a specific product or service, so you “rent” your land to a business owner who happens to offer that product or service. The business owner pays you $500 to $2,000 a month to “rent” your Digital Real Estate, because it helps them connect with their ideal customers. Think of it like buying a strip mall, or an office space, just on the internet, for WAAAAYYY less money and headache.

Still Getting Paid

If you’d like to learn more about Digital Real Estate, attend this free live training session from ScamRisk’s #1 recommended trainer.

But for now, let’s dig in a little more about Gavin Newsom…

Net Worth:

$20 million

Age:

54

Born:

October 10, 1967

Country of Origin:

USA

Source of Wealth

Politician

Last Updated

2022

Gavin Newsom is a politician and a Democrat who serves as the 40th Governor of California. He was the 49th lieutenant governor of California from 2011 to 2019 and the 42nd mayor of San Francisco from 2004 to 2011.

He has become a multimillionaire businessman over the years. He owns an upscale chain of wine stores, restaurants, nightclubs, and hotels. Aside from politics, Gavin Newsome also had his own show on Current TV called “The Gavin Newsom Show.” On Gavin Newsom’s twitter account he would often speak about this.

Former San Francisco prosecutor Kimberly Guilfoyle, now Gavin Newsom’s ex-wife tied the knot in 2001. Unfortunately, they got a divorce in 2006. The same year, Gavin Newsom started dating film director Jennifer Siebel and got married two years later. They have four children together, Montana Tessa Newsom, Hunter Newsom, Brooklynn Newsom, and Dutch Newsom. Ken Siebel, father of Jennifer Siebel, is also a very successful investor and manager of investments.

early Life

Early Life Gavin Newsom

Gavin Christopher Newsom was born in San Francisco, California to William Alfred Newsom III and Tessa Menzies. He also has a sister Hilary Newsom Callan.

He was raised in an Irish Catholic household. As a child, he went to the French-American bilingual school Ecole Notre Dame Des Victoires. But because he had a lot of trouble reading, he ended up transferring. He went to Redwood High School and played baseball and basketball. Gavin Newsom went to college at Santa Clara University and got a Bachelor Deglree in Political Science in 1989.

Career

Gavin Newsoms Net Worth

Before venturing in politics, Gavin Newsom and his investors started the company PlumpJack Associates in 1991 which led to the creation of the PlumpJack Winery.

Over time, the company grew to employ more than 700 people. From 1993 to 2000, Gavin Newsom and his investors opened a number of other businesses, such as restaurants, hotels, and retail clothing stores. Former San Francisco Mayor Willie Brown appointed Newsom on the San Francisco Board of Supervisors in 1997, and he stayed there until he ran for mayor.

In 2002, the value of his businesses was more than $6.9 million. When Newsom became mayor of San Francisco in 2004, Gavin Newsom sold his share of San Francisco businesses he owned there.

He became the 42nd Mayor of San Francisco in 2003, and was the city’s youngest mayor in 100 years. In 2007, Newsom won another term. In 2010, he was chosen to be California’s 49th Lieutenant Governor. In 2018, he was chosen to be California’s governor. As Supervisor, he was known for pushing for the reform of San Francisco’s municipal railway and for supporting housing projects, drug treatment, and mental health services.

He was re-elected with more than 72 percent of the vote and promised to focus on homelessness, health care, the environment, housing, and education in his second term. He would also work on building projects in Hunters Point and Treasure Island.

During his time as lieutenant governor, Newsom backed plans to get rid of the death penalty that did not pass. He was more successful in 2016 when he got marijuana legalized and in 2017 when he set up education programs all over the state.

In 2018, Newsom beat the Republican John H. Cox in a landslide victory and became the elected governor of California. In 2019, not long after he took office, Gavin Newsom was finally able to get rid of the death penalty in California.

Early on in his term, many people tried to get Gavin Newsom removed from office. Even though these efforts failed, in 2020, when many Californians criticized the governor for how the state responded to the COVID pandemic, they started to gain steam. In February 2021, it was announced that enough signatures had been collected to force a California recall election.

How Does He Do It?

Gavin Newsoms Net Worth

Gavin Newsom Success Clues

One: let go of the fear of being judged.
Two: nothing ventured, nothing gained.
Three: Learn from your mistakes, but you’ve got to be willing to make them first.

Featured Gavin Newsom's Best Quotes Of All Time Quotes

"You only get one chance in this thing called life. I know that is a bit maudlin and obscure, but it's a fact, and you can make a profound difference in people's lives without having a title in front of your name."
"Take responsibility. Step up and step in. Because at the end of the day, folks, we are our behaviors."
"If you're not open, you're not transparent, you're still holding on to vaults of information, you're not going to build that trust."
"If you distill the essence of everything, what life is about, every single one of us is given a short moment in time on this planet, and we all have one universal need and desire, and that is to be loved and to love."

Summary

If doing anything good is not allowed, Gavin Newsom would probably have stopped breathing a long time ago.

His dreams and desires for the people fuel his purpose and the foundation of his $20 million net worth.

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