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Exclusive | Gavin Newsom ‘preparing’ to release long-delayed tax returns amid DOJ probe
Annie Gaus · 2026-06-20 · via New York Post

Gov. Gavin Newsom says he’ll publicly release long-delayed tax returns amid a Department of Justice probe dealing with his family’s finances — though he won’t say exactly when.

Newsom’s office said Friday it is “working to prepare” the governor’s tax returns spanning his current term in office as federal officials reportedly investigate his wife Jennifer Siebel Newsom’s finances and other individuals close to the governor.

Newsom had vowed to release annual tax returns during his 2018 campaign for governor, calling it a “moral duty” in what was viewed as a shot at President Donald Trump, who broke tradition by declining to voluntarily release his returns.

California Gov. Gavin Newsom and former Speaker of the House Nancy Pelosi attend the dedication ceremony for the opening of the Barack Obama Presidential Center.

Gavin Newsom mingles with Nancy Pelosi at the Obama presidential museum. Getty Images

But the wine entrepreneur turned Democratic superstar mysteriously went dark on that front after his 2022 reelection, last releasing details for tax year 2020 more than four years ago.

“The Governor and First Partner publicly disclose their income annually. They have released every tax return that had been filed while he was a candidate for statewide office, covering 2015 through his 2022 re-election,” said Newsom’s spokesperson Tara Gallegos in an email.

Jennifer Siebel Newsom attending the "Miss Representation: Rise Up" screening.

Jennifer Siebel Newsom is reportedly under scrutiny from federal investigators. Getty Images

“We are working to prepare the remaining returns for transparency. Unlike Donald Trump, the Governor has nothing to hide,” she added.

Newsom’s office didn’t provide a timeline for the tax disclosures.

The governor was asked about the tax returns by Calmatters in 2024, and spokesperson Nathan Click claimed at the time they would eventually be provided to reporters “in a controlled setting.”

“Gavin Newsom’s lack of transparency is unsurprising and deeply hypocritical. After making a big deal of promising to release his tax returns, he has failed to turn over any returns for years,” said Caitlin Sutherland, executive director of Americans for Public Trust.

Aerial view of California Governor Gavin Newsom's home, showing a modern house with a large deck, surrounded by lush green landscaping, a swimming pool, and a small basketball court.

The Newsoms’ $9.1 million Kentfield estate seen from above. CA Post

“This raises significant questions about just what the Newsoms are hiding, especially as they are under federal investigation,” she added.

The Newsoms’ family fortune —which includes a $9 million estate in posh Marin County, another $3.7 million home in Fair Oaks and a sprawling wine empire — has been the subject of scrutiny since sources revealed this week that Siebel Newsom’s taxes are one focus of multiple federal probes surrounding the governor.

The couple earned about $1.5 million in income and paid $480,000 in taxes, according to Newsom’s 2020 tax return.

Gavin Newsom at the opening of the PlumpJack wine shop.

Newsom launched a San Francisco wine business with the help of Gordon Getty. Hearst Newspapers via Getty Images

The pair took out a massive mortgage of $6.5 million to purchase their estate in Kentfield, about 20 minutes north of San Francisco, through an LLC created by Siebel Newsom. No “entities outside of the family” provided financial help, CalMatters reported.

Newsom earns $246,000 in salary as governor while Siebel Newsom has paid herself between $150,000 and $300,000 annually through her gender justice nonprofit, the Representation Project, and a for-profit documentary film company called Girls Club Entertainment.

Stacks of "Young Man in a Hurry: A Memoir of Discovery" by Gavin Newsom on display.

Newsom earned $100,000 in royalties and fees from his memoir, “Young Man in a Hurry.” Barbara Davidson for CA Post

Newsom’s extensive holdings in the wine and hospitality business include luxury wine shop Plumpjack, wineries and distribution businesses, according to his economic disclosures filed annually. He got his start with the help of billionaire oil heir Gordon Getty and was already worth millions by the time he ran for mayor of San Francisco.

The governor also earned $100,000 in book royalties and fees from his memoir, “Young Man in a Hurry.”

Siebel Newsom, who comes from a wealthy Republican family in Marin County, has a blind trust worth over $1 million, according to economic disclosures.

Newsom said in a video Monday that federal investigations “knocked on the doors of family, friends, and former employees” for political reasons as he considers running for president in 2028.

California Gov. Gavin Newsom at the FIFA World Cup 2026 Group D match between USA and Paraguay.

Gavin Newsom at a World Cup match with his son. Getty Images

The US Attorney’s Office in the Eastern District of California is specifically probing allegations brought forward by California whistleblowers regarding Siebel Newsom’s taxes, a source said, along with his former chief of staff, Dana Williamson and potentially current staffers.

“There are clearly no boundaries to what Donald Trump will do to get his way or to challenge those who get in his way,” Siebel Newsom said in a statement.

“This is not presidential behavior, and the Governor and I will continue to speak truth to power because the American people deserve so much more,” she said.