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Miami Mayor Suarez Resigns Amid Wealth Controversy

12/10/2025

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Summary

Story summary

Francis Suarez, the mayor of Miami, will step down at year’s end.
A special runoff election on Tuesday will determine his successor.
During his tenure, Suarez's net worth rose from about $400,000 to over $5 million, driven by consulting and real estate.
Assets include a primary home over $2 million, five investment properties, a $235,000 boat, and nearly $600,000 in cryptocurrency.
Suarez faced criticism for alleged backroom deals and for violating COVID-19 protocols.

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Story summary

Francis Suarez, the mayor of Miami, will step down at year’s end.
A special runoff election on Tuesday will determine his successor.
During his tenure, Suarez's net worth rose from about $400,000 to over $5 million, driven by consulting and real estate.
Assets include a primary home over $2 million, five investment properties, a $235,000 boat, and nearly $600,000 in cryptocurrency.
Suarez faced criticism for alleged backroom deals and for violating COVID-19 protocols.