First Partner Jennifer Siebel Newsom leads final Gender Equity Summit, launches roadmap to advance women’s wealth

In 2025, First Partner Jennifer Siebel Newsom launched the California Women’s Wealth Advisory Council to expand the Golden State’s commitment to equity and access at every stage of economic life. Building on her work to advance pay equity and financial literacy, while uplifting women’s voices, the Council expands that commitment toward broader inclusion and wealth creation for women across the state.

In March 2026, in partnership with the Council, Governor Newsom issued an executive order to expand opportunities for women and their families to build wealth and fully participate in California’s world-leading economy.

Since the launch of the California Equal Pay Pledge in 2019, hundreds of companies, organizations, and municipalities have committed to conducting annual gender pay analyses, reducing bias in hiring, and advancing equitable promotion practices. The First Partner strengthened that work through the release of The Equal Pay Playbook, a data-driven guide that helps employers implement fair pay strategies that attract talent, foster innovation, and strengthen performance.

First Partner Jennifer Siebel Newsom, in partnership with California Partners Project and Stanford University, released the Board Culture Playbook in 2024, designed to help companies increase and retain the number of women, particularly women of color, on their boards of directors. The free resource is the second in a series of Playbooks that started with the Board Diversity Playbook. These resources were co-created with Stanford’s VMware Women’s Leadership Innovation Lab, with additional support from the Stanford Graduate School of Business.

Additionally, California has taken significant steps to expand access to financial literacy. In June 2024, Governor Newsom signed Assembly Bill 2927, requiring California public high schools, including charter schools, to offer a one-semester personal finance course beginning in the 2027–28 school year. Starting with the class of 2030–31, completion of this course will be a graduation requirement. Schools may allow the new course to fulfill the existing semester-long economics requirement.

This landmark step ensures every California student leaves high school with a foundation in budgeting, banking, credit, loans, and investing, skills essential to building and sustaining wealth. As the First Partner has noted, financial literacy is fundamental to equity, empowering young women and men alike to become confident investors, entrepreneurs, and decision-makers.

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