MIAMI — 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.
A new disclosure covering 2022 is expected to be released on July 3.
