California Gov. Gavin Newsom and his wife, filmmaker Jennifer Siebel Newsom, paid nearly $200,000 in wages for household staff in 2024, according to newly released tax returns that provide a detailed look at the couple’s finances over the past four years.
The tax filings, released Friday, show the Newsoms earned approximately $1.39 million in income during 2024, with more than $1 million of that total coming from investments, according to multiple reports.
The release of the documents comes as federal investigators are probing Jennifer Siebel Newsom’s finances, according to The New York Times.
The couple also disclosed that they received an extension for their 2025 tax filing and plan to submit that return in October, according to The Guardian.
Spanning more than 700 pages, the tax returns reveal that the Newsoms spent nearly $200,000 on wages for household employees during 2024. The filings also show they paid additional taxes related to domestic workers and babysitters, according to The New York Times.
The records offer a broader snapshot of the family’s finances over multiple years, including charitable giving, business income and investment earnings.
Among the disclosures is a 2022 charitable donation involving Armani clothing. According to reports, the Newsoms donated approximately $45,000 worth of Armani items while estimating the clothing would have a thrift store value of less than $5,000.
The filings also detail the financial performance of Jennifer Siebel Newsom’s production company. According to the documents, the company lost approximately $37,000 in 2022. During that same year, Siebel Newsom personally realized an $11,700 profit from the venture.
Outside of her production company, however, California’s First Partner earned substantially more through her work with The Representation Project, a nonprofit organization that brought in $150,000 for her during the year, according to the reports.
While the couple’s annual income remained relatively consistent across the years covered by the filings, one transaction significantly increased their earnings in 2021.
That year, the Newsoms sold a home in Marin County for nearly $6 million, generating approximately $800,000 from the sale.
The home sale contributed to a sharp increase in the family’s reported income. In 2021, the couple earned approximately $4.2 million and paid more than $1 million in combined federal and state taxes. According to The Guardian, that tax bill increased to roughly $2 million the following year.
The returns also show the couple has regularly donated to charity. According to the filings, their annual charitable contributions typically ranged between $40,000 and $67,000.
The manner in which the records were released also drew attention. While the Newsoms made their 2022 tax returns available online, this year’s release was handled differently.
According to The New York Times, reporters were required to travel to the governor’s office to review the documents in person and were limited to taking notes with pen and paper while examining the filings.
According to the reports, most of the Newsom family’s wealth comes from investments tied to the wine and hospitality industries. Those assets were placed into a blind trust after Gavin Newsom was elected governor in 2018, a move intended to separate the governor from direct management of those investments while serving in office.
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