According to newly discovered documents, Dr. Anthony Fauci’s net worth soared during COVID, which left the career government worker with a nearly $13million nest egg.
According to financial disclosures obtained from OpenTheBooks.com, the 81-year-old director of the National Institute of Allergy and Infectious Diseases has added $5 million to his household’s net worth between 2019-2021. Fauci is the highest-paid federal employee, including the president. He earns $480,000 annually.
OpenTheBooks.com CEO Adam Andrzejewski stated that Fauci’s pandemic policies caused millions of Americans to suffer, but his personal profits skyrocketed.
Documents show that Dr. Anthony Fauci went from being rich to becoming much more wealthy during the COVID pandemic. (OpenTheBooks.com)
The Fauci family’s net worth increased from $7.6million at the start of 2019, to more than $12.6 million by 2021, according to mandatory disclosures. Fauci supplemented his generous, taxpayer-funded salary with a variety of prizes, royalties, and investment income. The Dan David Foundation in Israel awarded Fauci a $1 million prize for speaking truth to power and “defending science” during Trump’s presidency.
Fauci also received six-figure compensation for editing “Harrison’s Principles of Internal Medicine” and for serving as a director for McGraw Hill.
Andrzejewski’s watchdog group has fought to expose Fauci’s finances. They filed four federal lawsuits against the National Institutes of Health (the federal agency that supervises Fauci’s office), and three more against Andrzejewski. After a nasty Capitol Hill confrontation, Senator Roger Marshall (R.Kansas) forced the agency’s financial disclosures to Fauci for 2019 and 2020.
Fauci donated 10% of the prize to charity. Fauci also reaped unrealized investment profits totaling $2832,876. These funds included $919205 in travel perks and royalties and $910174 in investment gains.
OpenTheBooks.com analysis shows that Fauci’s $10.3million investment portfolio includes mutual funds, but no stocks. Christine Grady, his wife, and chief bioethicist for the National Institutes of Health had invested more than $2.4 million by the end of 2021.
According to documents, Fauci owned a stake in Jackson Fillmore restaurant in San Francisco, valued between $1,000 and $15,000
OpenTheBooks.com estimates Fauci’s actual government compensation to be $694,998, after taking into account generous perks and other benefits that are not available in the private sector. Fauci has stated that he will be retiring in December and that he expects to receive a $375,000 annual pension.