Inside Gavin Newsoms hidden wine empire as filings expose insane earnings
Gavin Newsom’s carefully guarded wine empire is still netting a pretty penny while he’s in the governor’s office.Details of the governor’s sprawling network of wineries, hotels and booze ventures are revealed in the California governor’s economic disclosures.Federal Department of Justice probes involving Newsom’s wife, associates and family tax issues has ramped up scrutiny of the governor’s personal assets as he pledges to eventually release his tax returns to the public.
Newsom called the investigations, which he revealed in a prerecorded video last week, politically motivated.A Post analysis of his latest disclosure shows the governor made at least $410,000 last year — though the number could be significantly higher — from his wine and hospitality investments.
State disclosures do not give specific numbers but only require general ranges for reported income.The California governor’s luxury booze kingdom spans exclusive enclaves in San Francisco, Napa Valley and Lake Tahoe and is so vast that he raked in more than $100,000 offloading bottles to a rare wine broker last year, according to a disclosure he filed in March.He has parked many of his holdings into a blind trust worth more than a $1 million.That blind trust includes ownership in multiple wine investment companies, including Arielle Wines.The sprawling wine empire is based out of his Napa-based winery company PlumpJack, a lucrative wine and hospitality business he founded off the back of his connections to California’s wealthiest family, the Gettys.PlumpJack Estate has a 42-acre vineyard on a 57-acre plot with a tasting room and production facilities.
The wine empire has another 54-acre winery in Angwin used to grow grapes for various wines plus a vineyard in the same city.A third winery is based in Napa.Newsom reported more than $100,000 from the investment companies and business entities that hold those estates in their portfolio.His holdings include Odette Estate Winery, which o...