Former NIH director Dr. Anthony Fauci and his wife have received a combined net worth of more than $11 million after departing his government post.
A disclosure obtained by Fox News revealed that the former National Institute of Allergy and Infectious Disease director and wife Christine Grady were up nearly $2 million since before the pandemic but “experienced a net worth dip from 2021 to 2022.”
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However, Fauci had spread his assets across trust funds, retirement accounts and college education accounts. He has also invested in mutual funds with no documented holdings of individual stocks.
“During the pandemic years, the Fauci’s became deca-millionaires with their household net worth exceeding $10 million,” OpenTheBooks CEO Andrzejewski told Fox News. “Last year was a tough year in the markets. However, Fauci’s net worth is still up sharply from $7.6 million in 2019.”
“Before his retirement last December, Fauci was the highest-paid federal employee ($480,654) and significantly out earned the president ($400,000),” Andrzejewski said. “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.”
Fauci’s leadership became incredibly controversial during the 2020 COVID-19 pandemic when nationwide protocols and restrictions were labeled ineffective and draconian. While justifying measures, he said 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.”
Fauci’s compensation also increased nearly $25,000 between 2021 and 2022, acquiring $481,000 in compensation in 2022. Towards the end of last year, Fauci’s account balance totaled $9.25 million, while his wife Grady added roughly $2.2 million.
Regarding the nationwide shutdown, Fauci said “If you shut things down just for the sake of it, that’s bad,” he said, adding, “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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