The 43rd mayor of Miami, Florida, is American lawyer and politician Francis Xavier Suarez. He was elected in 2017 and re-elected in 2021. Despite being a Republican, Miami’s mayor is nonpartisan. Before becoming mayor, Xavier was the City of Miami Commissioner for District 4 after winning a runoff election on November 17, 2009.
His father, former Miami mayor and Miami-Dade County Commissioner Xavier Suarez, is political. The lawyer is running in the 2024 Republican presidential primary. His campaign shows his desire to run for government and change national politics.
Francis Suarez Pay
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According to a 2022 report, Miami Mayor Suarez is paid in Bitcoin. He also acknowledged receiving monthly money payments. Lawyer supports Bitcoin and other cryptocurrencies. He purchased Bitcoin and Ethereum.
Taking his Bitcoin salary makes him the first American politician. His annual salary as Miami’s mayor is $150,000 to $200,000 or 5 to 6.7 Bitcoins at current value. The lawmaker thinks Bitcoin can build a fair system without corruption or inflation. He believes it may end communism and increase freedom. Francis desires Bitcoin in all spheres of American society. He wants to see Bitcoin used to buy Snickers candy bars in stores.
Francis Suarez: Net Worth Is He Rich?
According to media sources, the Miami Mayor’s 2020 net worth is $1–5 million. As mayor, he earns $150,000–$200,000. The assets Suarez has range from $200,000 to $740,000. Besides being a lawyer and mayor, Xavier has made a lot of money in business.
His firm made a lot of money trading mortgages and equities. These enterprises helped him become wealthy. Unknown statistics aside, his firm has generated a lot of money through productive trades. The lawyer is wealthy from his mayorship and business success. His net worth puts him among Miami’s wealthy and successful.
Bio: Francis Suarez Wikipedia
Francis Xavier Suarez was born on October 6, 1977, in Miami. He is the oldest of four children and the son of Rita and Miami mayor Xavier Suarez. Immaculata-LaSalle High School graduated him in 1996.
His bachelor’s degree in finance from Florida International University placed him in the top 10%. He earned a cum laude J.D. from the University of Florida Fredric G. Levin College of Law. The lawyer entered politics in 2009 as District 4 City of Miami Commissioner. He was reelected uncontested in 2011 and 2015 after winning the runoff.
He became Mayor of Miami in 2017 and has prioritized sea level rise, affordable housing, and quality of life. The businessman promoted Miami as a Bitcoin hotspot with his cryptocurrency-friendly strategy.
He supports blockchain technology and aims to establish MiamiCoin, a city-specific blockchain coin. Fortune magazine named him one of the “World’s 50 Greatest Leaders” in 2021. In addition to being mayor, Xavier is vice-chair of the Miami-Dade Transportation Planning Organization and has worked to develop mass transportation in the county.
He has served in several organizations, including the US Conference of Mayors. Francis has voted across parties in local and national politics, drawing praise and condemnation. He filed to run for president in 2024 with the Federal Election Commission in June 2023.
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