Newsom’s Wealth Under Scrutiny | Sacramento News

Sacramento News Today | 2 Min News | The Daily News Now! · Aug 3, 2026 · 1m

Governor Newsom and his wife Jennifer Siebel Newsom have released their tax returns for 2021–2024, revealing they remain multimillionaires—mostly from investments and a wine/hospitality business held in blind trusts. Their income has dropped 18% since he took office, but assets like stocks and real estate aren’t fully captured on tax forms. The disclosure, mandated by law for reelection, comes amid federal probes into nonprofits tied to Jennifer, including Girls Club Entertainment and the Representation Project, which are reportedly losing money. While Newsom’s team sees this as proactive…