Newsom’s Tax Files Reveal Wealth & Scrutiny | San Jose News

San Jose News Today | 2 Min News | The Daily News Now! · Jul 31, 2026 · 1m

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…