Vern Buchanan Net Worth 2024

Vern Buchanan net worth 2024: Vernon Gale Buchanan is an American politician serving as the U.S. Representative for Florida’s 16th congressional district. A member of the Republican Party, he first entered Congress in, representing Florida’s 13th congressional district until redistricting. His district is anchored by Sarasota and Bradenton. Vern Buchanan net worth is $160 million.

Early life and education

Buchanan grew up in Inkster, Michigan, a small town outside Detroit, Michigan, the son of a factory foreman in a family of six children. His maternal grandparents immigrated to the United States from Finland. When he graduated from high school in 1969, he joined the Michigan Air National Guard, serving there for six years.

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Buchanan got a bachelor’s degree in Business Administration from Cleary University, in Michigan, and a Masters in Business Administration from the University of Detroit.

Business career

In June 2007, Buchanan, in his financial disclosure filing, reported having over $100 million in assets, making him among the five wealthiest members of Congress. Most of his wealth is from his automotive empire, which includes several dealerships in Florida.

He also reported ownership interests in about fifty other businesses, including offshore reinsurance companies, and a charter-jet business. He reported receiving at least $19.5 million in income from these businesses in 2006.

Buchanan is the only Republican member from Florida on the House Ways and Means Committee, which has jurisdiction over tax policy, international trade, health care and Social Security. Prior to serving in Congress, Buchanan was in business for over 30 years and was the chairman of both the Greater Sarasota Chamber of Commerce and Florida Chamber of Commerce. He served as member of the board and the executive committee of the United States Chamber of Commerce.

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With a net worth of $73.9 million, Buchanan is the 8th wealthiest member of Congress.

Vern Buchanan Net Worth

Vern Buchanan net worth is $160 million. Buchanan, together with Alcee Hastings, co-sponsored the Dog and Cat Meat Trade Prohibition Act of 2018, a bill outlawing the consumption of cats and dogs in the United States. It passed the House in September 2018.

Buchanan lives in Longboat Key, Florida with his wife, Sandy, whom he met while in college. The Buchanans have two sons. His son James was elected to the Florida House of Representatives in 2018.

The U.S. Chamber of Commerce gave Buchanan its “Spirit of Enterprise” award in 2009. Buchanan is a former board member of the chamber, which endorsed him in his 2006 and 2008 campaigns for the 13th Congressional District seat.

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Also in 2009, the Veterans of Foreign Wars gave Buchanan their Legislative Achievement Award for his work on legislation improving the quality of life of active and reserve service members, military retirees, veterans and their families.

Summary