Former National Institute of Allergy and Infectious Diseases Director Anthony Fauci and his wife have racked up a net worth in excess of $11 million since he left his cushy government job.
Fauci’s 2022 termination report was obtained by Fox News Digital in an open records request. It showed his finances through the end of 2022 when he exited stage left. According to the disclosures, the couple had increased their wealth by approximately $2 million since just before the pandemic took hold. They experienced a bit of a net worth drop from 2021 to 2022.
OpenTheBooks CEO Adam Andrzejewski and his group already had obtained several prior years of disclosures of Fauci’s finances. Fox News Digital shared this latest one with Andrezejewski.
“During the pandemic years, the Fauci’s became deca-millionaires with their household net worth exceeding $10 million,” Andrzejewski told Fox News Digital in an interview. “Last year was a tough year in the markets. However, Fauci’s net worth is still up sharply from $7.6 million in 2019.”
Where did the $s come from?
Fauci-
OpenTheBooks CEO Adam Andrzejewski-
During pandemic yrs, Fauci’s became deca-millionaires with their household net worth exceeding $10 million- Last yr was tough yr in mkts- However, Fauci’s net worth is still up sharply from $7.6 mil in 2019- pic.twitter.com/1D5TbjEGV0— Blanche Victoria (@tammytabby) September 19, 2023
“Before his retirement last December, Fauci was the highest-paid federal employee ($480,654) and significantly outearned the president ($400,000),” he noted. “In retirement, we estimate that Fauci is collecting a federal pension, which rivals a presidential salary. It’s the largest federal retirement package in history.”
According to the disclosures, Mr. and Mrs. Fauci’s net worth jumped from about $9.54 million in 2019 to $11.5 million at the end of 2022. The increase ostensibly resulted from investment gains, awards, compensation, and royalties. The power couple experienced a $1.1 million net worth decline from 2021 to 2022. They reported a combined $12.6 million net worth in 2021.
“Fauci has spread his assets across trust funds, retirement accounts, and college education accounts. He has invested in mutual funds with no documented holdings of individual stocks,” Fox News reported.
“At the end of last year, Fauci’s account balance totaled $9.25 million, as his wife, Christine Grady, the National Institutes of Health’s chief bioethicist, added around $2.2 million,” the media outlet continued.
I see Fauci and his wife’s net worth is 11 million. Tell me, how does a public servant aquire 11 million. Could it be from investing in the covid vaccines and masks he pushed?
— Jinks (@Jenkins57586263) September 19, 2023
Fauci’s pay rose by almost $25,000 between 2021 and 2022. He was the recipient of nearly $481,000 in compensation in 2022. That was up from the $456,000 he earned in 2021.
Since stepping down last December, Fauci has joined Georgetown University as a “Distinguished University Professor in the School of Medicine’s Department of Medicine in the Division of Infectious Diseases, which the school describes as ‘an academic division that provides clinical care, conducts research and trains future physicians in infectious diseases,’” according to Fox News.
Fauci also took a position in the university’s McCourt School of Public Policy.
He will be forever infamous for his actions during the COVID-19 pandemic. In 2022, he admitted that he knew the “draconian” pandemic measures he backed would lead to “collateral negative consequences” for the economy and schoolchildren. But he did it anyway.
Fauci reported to have left his government job with more than 11 million in the bank. During Covid his net worth spiked by 2 million. It may have been shots and masks for most people, but it was “bread and butter” for Fauci.
— Paddywagoneer (@AGoodJake4sure) September 19, 2023
Justifying his actions, he claimed that “sometimes when you do draconian things, it has collateral negative consequences, just like when you shut things down, even temporarily, it does have deleterious consequences on the economy, on the schoolchildren. You know that.”
“But you have to make a balance when you’re dealing with — we know the only way to stop something cold in its track is to try and shut things down,” he added, according to Fox News.
“If you shut things down just for the sake of it, that’s bad,” he equivocated, “But if you do it with the purpose of being able to regroup so that you can then open up in a more safe way, that’s the best way to do it.”
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Author: Terresa Monroe-Hamilton
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