Francis Suarez Salary And Net Worth – How Rich Is He? Wikipedia Bio

Francis Suarez

Due to his statement and active involvement in cryptocurrency, there is growing curiosity among people about Francis Suarez Salary and net worth. Many individuals are searching online to find answers to questions like “How Rich Is He?” 

Francis Xavier Suarez, the 43rd mayor of Miami, Florida, is an American lawyer and politician. He was initially elected in 2017 and re-elected in 2021.

Although he is a registered Republican, the position of Miami mayor is nonpartisan.

Prior to becoming mayor, Xavier served as City of Miami Commissioner for District 4, a position he held since winning a runoff election on November 17, 2009.

He comes from a political family, as his father is the former Miami mayor and former Miami-Dade County Commissioner, Xavier Suarez.

Currently, the lawyer is a candidate for the presidency, running in the 2024 Republican Party presidential primaries.

His campaign reflects his ambition to pursue higher office and make a broader impact on the national political landscape.

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Francis Suarez Salary

According to a report from 2022, Suarez, the mayor of Miami, receives his salary in Bitcoin, the popular digital currency. However, he also mentioned that he receives other payments in regular money.

The lawyer is a big supporter of cryptocurrencies like Bitcoin. He even bought some Bitcoin and Ethereum, another digital currency.

He made history by becoming the first American politician to accept his salary in Bitcoin.

His yearly income as the mayor of Miami is around $150,000 to $200,000, which is about 5 to 6.7 Bitcoins based on the current value.

Francis Suarez Salary
Miami mayor to accept entire salary in bitcoin (Source: FOX BUSINESS)

The politician believes that Bitcoin has a big advantage because it can create a fair system where people don’t have to worry about money losing value due to corruption or inflation.

He thinks it could even help eliminate communism and give people more freedom.

He wants Bitcoin to be used in all aspects of American life. He dreams of a future where you can go to a store and buy things like a Snickers candy bar using Bitcoin.

Francis Suarez Net Worth – How Rich Is He?

According to media reports, Miami Mayor is believed to have a net worth ranging from $1 to $5 million as of 2020.

His annual income as the mayor falls between $150,000 and $200,000. In terms of assets, Suarez’s holdings are valued between $200,000 and $740,000.

Besides being a lawyer and a mayor, Xavier has made a lot of money through his business ventures.

His company has earned a lot of money from buying and selling mortgages and stocks. These ventures have played a big role in making him rich.

Francis Suarez Net Worth
Francis Suarez is set to become the first U.S politician to get paid in Bitcoin (Source: CryptoSlate)

Although we don’t know the exact numbers, his company has been involved in profitable transactions, meaning they have made much money.

Due to his position as mayor and his successful business ventures, the lawyer has amassed quite a fortune.

He has a significant net worth, which means he has a lot of money and assets, putting him among Miami’s rich and successful people.

Francis Suarez Wikipedia Bio

Francis Xavier Suarez was born in Miami, Florida on October 6, 1977. He is the eldest of four siblings and the son of Rita and Xavier Suarez, who served as the mayor of Miami. He attended Immaculata-LaSalle High School and graduated in 1996.

He earned a bachelor’s degree in finance from Florida International University, graduating in the top 10% of his class.

Later, he obtained his J.D. degree cum laude from the University of Florida Fredric G. Levin College of Law.

The lawyer began his political career in 2009 when he was elected as City of Miami Commissioner for District 4. He won the runoff election and was subsequently reelected unopposed in 2011 and 2015.

In 2017, he became the Mayor of Miami and has since focused on initiatives to combat rising sea levels, support affordable housing, and enhance the quality of life in the city.

The businessman gained attention for his cryptocurrency-friendly approach, promoting Miami as a cryptocurrency hub.

He has advocated for the use of blockchain technology and even revealed plans to create a city-specific blockchain token called MiamiCoin.

He has been recognized for his leadership, and in 2021 he was included in Fortune magazine’s “World’s 50 Greatest Leaders” list.

In addition to his mayoral role, Xavier serves as the vice-chair of the Miami-Dade Transportation Planning Organization and has been actively involved in expanding mass transit options in Miami-Dade County.

Francis Suarez Wikipedia
Miami Mayor Suarez enters GOP presidential race amid Trump’s indictment. (Source: AP News)

He has also held positions in various organizations, including the United States Conference of Mayors.

Francis has been involved in local and national politics, voting across party lines and garnering both support and criticism.

He has expressed interest in running for president in the 2024 election and filed to run with the Federal Election Commission in June 2023.

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