Questions Grow Over Miami Mayor’s Exploding Income

July 3, 2023 Politics, Republicans

The Miami Herald reports:

In his first term as mayor of Miami, Francis Suarez increased his personal net worth five-fold as he used his public office to court technology and real estate companies eyeing business opportunities in the Magic City. Financial disclosures filed annually with the city and state show Suarez’s net worth increased from $245,015 to $1,338,551 between mid-2017 and the end of 2021.

But the records do not provide an income breakdown, obscuring important details that could provide insight into the mayor’s expanding wealth — which does not appear to factor in any increased value of his three properties but includes $750,000 sitting in a bank account at the time of his last disclosure. Since becoming mayor, records show Suarez has hopscotched between jobs at ever-larger law firms and, more recently, become a partner at a private equity firm.

He has also taken on other jobs not listed in the disclosures, including one consulting arrangement with a real estate developer that is currently at the center of a federal investigation. And each new job adds financial incentives and pressure on Suarez — a part-time mayor who makes $130,000 from his public office — to prioritize his private business over the interests of the city and its residents.

Read the full article.



Tags

© joemygod.com 2025