Virginians already knew Glenn Youngkin was enormously wealthy when they elected him governor, but now, the governor-elect is offering a peek at how he got that way.
Youngkin’s campaign released summaries of his recent income tax returns, which indicate the former private equity executive made $39.8 million last year, more than $14 million of that in capital gains income. He also gave nearly $15 million to charity and paid about $6.8 million in federal income taxes.
Although Virginia law does not require gubernatorial candidates to release their tax returns, Youngkin and Democratic challenger Terry McAuliffe said they would provide summaries before Election Day. Neither did so.
Days after Youngkin’s win, his campaign offered The Washington Post a summary covering the past five tax years. It indicates he made $127 million over that period, $59 million of that in capital gains. He gave $52.6 million to charity and paid nearly $18 million in taxes.
Click here to read the rest of the article written by Laura Vozzella over at The Washington Post
