Gavin Newsom’s $3.7 Million Estate Was Gifted to Him in 2019
Nice deal. Big wealth builder.
(From RedState)
If the $3.7 million used to purchase the home came from another source — donors, friends, or whomever — then Gavin and Jennifer Newsom were “gifted” the home, received $2,695,000 cash tax-free by borrowing on it and retained title to the home, that looks a lot like money laundering and/or concealing donations or improper gifts. Since it’s on record that he failed to report two “loans” Gordon Getty gave him, totaling $2.1 million, to purchase luxury real estate in the early 2000s, it’s not exactly against type for him to take money from benefactors then “mistakenly” omit that funding from financial disclosure records.
This article was originally posted here: https://www.ac2news.com/2020/07/gavin-newsoms-3-7-million-estate-was-gifted-to-him-in-2019/.
