Former White House physician Anthony Fauci made $2 million during the Covid pandemic, records show.
A Freedom of Information Act request filed at the end of his term found that Fauci and his wife, Dr. Christine Grady, had a net worth of more than $11 million in 2022, up from $7.6 million. dollars in 2019.
As director of the National Institute of Allergy and Infectious Diseases and later chief medical adviser to President Joe Biden, Dr. Fauci, now 82, was the highest-paid public official in the United States, earning about $480,000 a year, more than the president’s annual salary. of $400,000.
He gained additional wealth during Covid through speaking engagements, awards, compensation for government work, and royalties from his work in academic publishing.
Financial information obtained by Fox News shows that at the end of 2022, Dr. Fauci’s account balance was $9.25 million. With the addition of $2.2 million from his wife Dr. Christine Brady’s assets, their total net worth comes to $11.45 million.
His wife, Dr. Grady, chief of the department of bioethics at the National Institutes of Health Clinical Center, earned approximately $239,000 in 2021, although 2022 figures have not been made available.
Financial information obtained by Fox News show that at the end of 2022, Dr. Fauci’s account balance was $9.25 million. With the addition of $2.2 million from his wife Christine’s assets, their total net worth comes to $11.45 million.
Dr. Fauci rose to prominence during the Covid pandemic when he became an advisor to then-President Donald Trump to address the emerging crisis.
He was a political lightning rod, having pushed for policies that ultimately crippled the country and inflicted lasting damage on the economy.
Others saw him as a calming, no-nonsense figure during the White House’s daily Covid briefings.
Before his retirement at the end of 2022, Dr. Fauci’s salary reached $480,654, about $80,000 more than the president earns, or nearly $25,000 more than the previous year.
The couple experienced a financial decline of $1.1 million between 2021 and 2022. Before that, their net worth was around $12.6 million.
Net worth is the total of all of a person’s assets minus the money they owe. And open records data shows the Faucis owned many lucrative assets.
Adam Andrzejewski, CEO of OpenTheBooks, analyzed past Faucis revelations to form a more complete picture of their wealth. His analysis found that the Faucis’ assets were held in a mix of trust, retirement and college accounts.
Dr. Fauci’s total investment account in 2021 was valued at around $10.2 million, while his wife’s was around $2.4 million.
In 2021, his stock portfolio earned $910,174, an increase from the previous year’s earnings of over $794,000. Dr. Fauci has also invested heavily in mutual funds, but these numbers are not public.
He has also earned hundreds of thousands of dollars in awards and speaking engagements. For example, he received $1 million in January 2021 for the Dan David Prize affiliated with Israel’s Tel Aviv University for “courageously defending science in the face of ill-informed opposition” during the pandemic.
He kept $901,400 and donated the rest to hand-picked scholarship recipients.
Now that Dr. Fauci is retired, he will receive a federal pension this year estimated to be around $375,000. It could reach $530,000 in subsequent years.
Dr. Fauci, who has been heavily criticized for his role during the pandemic in pushing for school closures to stem the spread of Covid, relied on taxpayers to pay his salary as a government employee.
As head of the White House Covid response team, he pleaded in 2020 to then-President Trump to “shut down the country,” which would include schools and businesses. But less than two years later, he said The hill that “I didn’t recommend locking anything”.
He has also been criticized for flip-flopping on masking advice, saying in the early days of the pandemic that limited supplies of protective equipment should be reserved for medical professionals, adding that benefits to civilians are minimal.
The doctor has repeatedly defended the government’s many course changes, from discouraging masks and in-person classes to mandating masks for everyone and sending children back to school.
Earlier this month, Dr. Fauci said that mask-wearing at a widespread population level had less impact on fighting the Covid pandemic than scientists once believed. This statement followed a study by an Oxford University researcher which concluded that masks did not help.
Dr. Fauci said, “When you talk about the effect on the outbreak or the pandemic as a whole, the data is less robust. »
This led to a firestorm online, with many calling Dr. Fauci a “fraud” and a “liar.”
This, he said, is only a reflection of constant knowledge of the virus, how it spreads and how it harms the body.
Last fall, Dr. Fauci admitted that some of the social distancing measures implemented during his tenure in the Trump White House were “draconian” and causing unnecessary harm to the economy as well as children.
He said: “Of course, when you make recommendations, if the main objective when you face a situation where New York’s hospitals are saturated and intensive care units are set up in the corridors, you have to do something that is rather draconian.
“And sometimes when we do draconian things, it has collateral negative consequences, just like when we close the doors, even temporarily, it has deleterious consequences on the economy, on schoolchildren.” You know.’