Long funded by the Getty oil fortune, Gavin Newsom has lived much of his life as if he was a de facto trust fund member of the one of the world’s wealthiest families and among San Francisco’s champagne and caviar class.
Gavin Newsom grew up in Marin County, the son of a powerful, politically-connected San Francisco attorney who managed the J. Paul Getty fortune.
As a result of that introduction, this “Fortunate Son” hit the jackpot and has been promoted in politics and business through the generous investments and contributions of one of the world’s most privileged families.
With their family fortune valued today at $5 Billion, the Getty family is the 54th richest family in the world.
It is safe to say that without the Gettys, there would be no Gavin.
In The Sacramento Bee column titled, “The Privileged Candidate: Why Do We Let Gavin Newsom Get Away with This?” writer Marcos Breton called Gavin’s career a “political journey of entitlement” and a “living embodiment of privilege.”
No truer words have ever been said.
His early Political career was funded by the Gettys
Early in his career, Gavin was given seed money by the Getty family. Without the Gettys, Gavin would not have a political career at all.
Newsom founded a liquor store business in his twenties using investments provided by the Getty wealth. The Sacramento Bee reported, “Newsom opened the wine shop in 1992 with the financial backing of family friend and oil fortune heir Gordon Getty.” Cloudy are the details on the initial Getty investment and terms.
Gavin Newsom’s continued profiteering off of lifelong special interest
To this day, Newsom continues to be financially supported by the Gettys, to the estimated reported tune of millions through PlumpJack Group restaurants, wineries and even a hotel property. Gavin’s own tax records show that he made an income of $4 million last year, but even that income came as a result of the relationship of his personal special interest.
More to come on Getty and Gavin soon…