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Gubernatorial candidate Gavin Newsom and his wife, Jennifer Siebel Newsom, reported nearly $1.3 million in adjusted gross income in 2016, according to tax returns his campaign provided Thursday. More than $900,000 of the couple's $1.29 million income came from businesses in which Newsom and his wife hold an ownership stake. The couple's largest source of income outside of their salaries was from their ownership stake in Airelle Wines ($787,751), which runs Napa wineries. ... [Read More]
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Two billionaire charter school advocates stirred up California's gubernatorial race by pouring a total of $8.5 million into an independent expenditure campaign supporting former Los Angeles Mayor Antonio Villaraigosa. Netflix CEO Reed Hastings pledged $7 million and Los Angeles real estate entrepreneur Eli Broad promised $1.5 million to an independent expenditure organization called Families and Teachers for Antonio Villaraigosa for Governor 2018, which is run by the California Charter Schools Association Advocates. [Read More]
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