Gavin's Fishy Finances

4,410 Views | 21 Replies | Last: 1 mo ago by Logos Stick
TRM
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9:30p, 3/9/26
AG
Jennifer Van Laar put this out on Twitter a couple weeks ago about Newsom's lifestyle and how it seems they're living beyond their means.

Quote:
Do this math with me regarding Gavin Newsom's income.

$1.4 million yearly income.

$450k in fed/state taxes
$200k paid to domestic workers
$150k private school tuition
$200k in property taxes
$20k (AT LEAST) in utilities

Ok, were at $1 million.

Now add $120,000/yr in mortgage payments for the Sacramento house.

And $506,000/yr in mortgage payments for the new house - WHICH HIS IN-LAWS HAD TO GUARANTEE.

And that's not including food, clothes, entertainment, sports for FOUR kids.

Their financial disclosures don't show any large sales of assets, AND GAVIN CAN'T SELL ASSETS OUT OF HIS BLIND TRUST ANYWAY, WHICH IS WHERE THE BULK OF HIS ASSETS ARE.

If the trustee sells assets, the proceeds have to remain in the trust while he's in office.

And if her parents were going to give them $$... Why would they make her get a mortgage?




Well, here's something that partially answers Van Laar. She's using her nonprofit to pay herself and a her company a healthy salary like her own personal slush fund. I'm sure Newsom's S Corp is getting nice business opportunities to conceal things like Biden.

https://www.dailymail.co.uk/news/article-15571437/gavin-newsom-jennifer-siebel-newsom-charity-pay.html

Quote:
IRS documents from recent years show Gavin Newsom's wife has been paying herself and her company, Girls Club LLC, up to a third of her nonprofit's entire income each year pocketing over $3.7 million over the past decade.

Quote:
The most recent IRS filings up to March 2024 show Siebel Newsom, who's also the beneficiary of a multi-million-dollar trust from her wealthy family, receives a $150,000 annual salary from the Representation Project, and her company took another $150,000 from the charity's funds.

Her unusually high compensation to her and her company has recently sparked criticism from charity watchdogs - with a Daily Mail analysis showing Siebel Newsom and her nonprofit colleagues earn more than 95% of charities of a similar size.

Quote:
California Governor Gavin Newsom is required to report his wife's income in annual ethics filings, but those records show he noted income between $10,000 and $100,000 from the Rep Project, and gave the same income bracket for income from her LLC, in 2022, 2023, and 2024


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Fido2K
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9:50p, 3/9/26
Politicians gonna politician.
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mjschiller
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10:17p, 3/9/26
AG
Marxist democrats lie.
Marvin J. Schiller
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Yesterday
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10:24p, 3/9/26
AG
Politics is big money. There's a reason complete sip ****s try so hard to get in and then keep running even if they lose. The money they can launder through campaigns and non profits is stupid.

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Ag87H2O
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10:33p, 3/9/26
AG
Given the way Newsome has run California, his personal finances being a wreck might be the least shocking news of the day.
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ts5641
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In reply to TRM • 6:02a, 3/10/26
He's a politician so of course he's a thief and a fraud. The fact that he's a prominent dem makes this even more so.
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Gilligan
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6:08a, 3/10/26
AG
Trust fund babies. The absolute worst.

Think they know everything, have an opinion on everything and are some of the most miserable people on the planet.

I have a BIL that is a trust fund baby and the amount of money he and his wife spend on alcohol and therapy is insane. Truly messed up people that no one likes. Not even each other.

Gavin Newsom has been handed everything and isn't worth the air he breathes. Why anyone would vote for him is beyond comprehension.
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Detmersdislocatedshoulder
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6:32a, 3/10/26
she needs to put out a tweet letting peole know she is doing okay mentally and has no desire to harm herself.
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Burdizzo
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In reply to Gilligan • 6:42a, 3/10/26
AG
Gilligan said:
Trust fund babies. The absolute worst.

Think they know everything, have an opinion on everything and are some of the most miserable people on the planet.

I have a BIL that is a trust fund baby and the amount of money he and his wife spend on alcohol and therapy is insane. Truly messed up people that no one likes. Not even each other.

Gavin Newsom has been handed everything and isn't worth the air he breathes. Why anyone would vote for him is beyond comprehension.



As they often said about George W Bush, born on third base and tells the world he hit a triple. That is Gavin Newsome
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Buford T. Justice
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In reply to Fido2K • 6:46a, 3/10/26
AG
They are all scum bags.
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murphyag
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In reply to Yesterday • 7:21p, 3/10/26
AG
Yesterday said:
Politics is big money. There's a reason complete sip ****s try so hard to get in and then keep running even if they lose. The money they can launder through campaigns and non profits is stupid.


Colin Allred comes to mind. I think he has decided to be a professional candidate.
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annie88
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8:13p, 3/10/26
AG
His net worth is 25 million.

That's actually lower than I expected.
I don’t get enough credit for the things I manage not to say.
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Kaiser von Wilhelm
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8:17p, 3/10/26
So he's got close to $20 million in property?
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Ag_07
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8:29p, 3/10/26
AG
A) No siht...Every politician has questionable finances

B) Does it really matter if nothing ever comes of it?
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TRM
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In reply to annie88 • 8:57p, 3/10/26
AG
Most of it is in a blind trust or equity in his winery, so he doesn't actually access to it.
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annie88
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12:14p, 3/11/26
AG
Again, guy is a moron, but this is hilarious.

I don’t get enough credit for the things I manage not to say.
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doubledog
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12:29p, 3/11/26
Quote:
how it seems they're living beyond their means.


Simple answer "special gifts" and kick backs are not reported.
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Red Dane
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12:37p, 3/11/26
Nepo oil billionaire, Gordon Getty, would pay for much of that. The professional and political finances of Gavin all come down to his dad's creepy boss and whatever it is that Gavin has been doing for him for 40 years.
NU '95 Texas A&M '97
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Gap
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In reply to TRM • 1:30p, 3/11/26
AG
TRM said:
Most of it is in a blind trust or equity in his winery, so he doesn't actually access to it.


A blind trust has nothing to do with access to the funds or distributions. It just means he doesn't control the investments.
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annie88
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In reply to Fido2K • 7:49p, 4/6/26
AG
I don’t get enough credit for the things I manage not to say.
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Dr. Mephisto
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In reply to annie88 • 8:17p, 4/6/26
AG
annie88 said:


He's always the hero of his own story.
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Logos Stick
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In reply to annie88 • 8:42p, 4/6/26
The guy makes up stuff whole cloth all the time.

He's insane.
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