Vernon Buchanan Net Worth

Vernon Buchanan's Net Worth and Career

Vernon Buchanan, an esteemed American politician, boasts a notable net worth of $44 million. He has been a dedicated member of the United States House of Representatives since 2007 and proudly represents Florida's 16th Congressional District as a loyal member of the Republican Party. Furthermore, Buchanan is the sole representative from Florida on the House Ways and Means Committee.

Early Life and Education

Born on May 8, 1951, in Detroit, Michigan, Vernon Buchanan was one of six children. His commitment to service was evident early on, as he joined the Michigan Air National Guard following his high school graduation. Buchanan pursued higher education rigorously, earning a business degree from Cleary University and later an MBA from the University of Detroit.

Business Ventures

Before his political tenure, Buchanan established himself as a successful entrepreneur. He owned and managed several automotive dealerships in Florida. Additionally, he ventured into reinsurance and the charter-jet business, running over fifty diverse business ventures. In 2006, his reported income from these businesses was at least $19.5 million, and his 2007 financial disclosures revealed over $100 million in assets, making him one of Congress's wealthiest members.

Personal Life and Philanthropy

Vernon Buchanan resides in Longboat Key, Florida, with his wife, Sandy. Married for 31 years, the couple has two sons, James and Matt. Buchanan remains deeply involved in philanthropic activities, contributing significantly to organizations such as the Boys and Girls Club, the Community Foundation of Sarasota County, the Walk to Cure Juvenile Diabetes, the American Heart Walk, the Mote Marine Laboratory, and the Ringling Museum.