Fauci Net Worth Soared 66% During Pandemic
By Tyler Durden
The net worth of Dr. Anthony Fauci’s household soared a whopping 66% over the course of the pandemic, according to new financial disclosures obtained by OpenTheBooks.com. Fauci reported a Jan 1, 2019 net worth of $7,523,634. By Jan 1, 2022, it had grown to $12,677,513.
Values are as of Jan 1 each year. Chart via OpenTheBooks.com
As director of the National Institute of Allergy and Infectious Diseases, Fauci was paid a 2021 salary of $456,028, making him the highest-paid employee in the entire federal government. His wife, Christine Grady, is chief bio-ethicist for the National Institutes of Health, does very well too, raking in a $238,970 salary last year.
Fauci is famously paid more than the president, and his wife collects more than the vice president. However, those hefty federal salaries aren’t the only driver of the Fauci household’s pandemic-era enrichment.
In 2021, Fauci was awarded the Tel Aviv University-affiliated Dan David Prize, which came with a $1 million check. The prize committee said Fauci “has been widely praised for his courage in speaking truth to power” during the Covid-19 pandemic.
The committee was apparently oblivious that Fauci was the power and routinely spoke falsehoods about everything from the usefulness of masking to herd immunity, the efficacy of vaccines, and NIH funding of gain of function research at the Wuhan Institute.
As is customary, Fauci donated some of his prize money back to be awarded as student scholarships, but still pocketed $901,400, according to the financial statements reviewed by OpenTheBooks.com.
Though it’s chump change compared to the Dan David Prize, Fauci also scored $12,500 from both the Elliot Richardson Prize in Public Service and the Abelson Prize from the American Association for the Advancement of Science, and got $5,198 when he was named Federal Employee of the Year at the 2020 Samuel J. Heyman Service to America Medals ceremony.
Fauci even did some moonlighting as an editor for McGraw Hill, taking home $100,000 for his work in 2021.
There’s no indication Fauci made any “shrewd” investments a la Nancy and Paul Pelosi. According to the financial disclosures, Fauci’s portfolio comprises broad mutual funds with no individual stocks:
“These funds were held in a mix of trust, retirement, and college education accounts. Fauci has an IRA worth $706,219 (up $67,700); a defined benefit brokerage account totaling $2,551,210 (up $147,688); and a revocable trust worth $7,014,197 (up $1,718,299). His wife’s revocable trust is worth $2,269,225 (up $306,406) and an IRA totaling $136,662 (up $16,385),” reports OpenTheBooks.com.
OpenTheBooks.com has filed four federal lawsuits against NIH to pry loose additional details not only about Fauci but also about royalties received by other NIH employees.
Though Fauci has announced he’ll retire by the end of the year, the wheelbarrows full of taxpayer money will keep on rolling his way. When you’re the highest-paid employee in federal government history and you’ve been on the federal payroll for more than 55 years, that’ll make for an astounding pension of some $375,000 a year.
It’s emblematic of the whole miserable Covid-19 spectacle: Bureaucrats wallow in government money while ordinary people suffer the ever-mushrooming destruction caused by public health’s catastrophic lockdown and mandate regime.
Source: ZeroHedge
Image: Pixabay
