Gavin Newsom is really Richie Rich.
The Chronicle — Gavin Newsom portrays himself as a self-made businessman and a political outsider, but he’s not.
Gavin Newsom has reaped huge financial benefits from his ties to old money and power in San Francisco particularly with his lifelong association with Gordon P. Getty, one of the nation’s richest men.
Getty, 69, billionaire heir to an oil fortune and friend of Newsom’s family for 50 years, helped Newsom become a millionaire by investing in every important venture of the supervisor’s business career.
Getty, or trusts and firms he controls, is lead investor on 10 of Newsom’s 11 businesses, including his PlumpJack group of wine, restaurant, resort and real estate ventures. “Plump Jack” is the name of an opera Getty wrote.
And while Newsom contends that Gordon Getty is only one financial backer of many, records show Getty is Gavin Newsom’s top outside investor, either individually or through his firms and family trusts.
It must be very nice to have such wealthy friends.
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