Former National Institute of Allergy and Infectious Diseases director Anthony Fauci and his spouse had a mixed net worth that exceeded $11 million when he departed his government publish, disclosures reveal.
Fauci’s 2022 termination report, which Fox News Digital obtained from an open information request, included his funds by his exit on the finish of final yr. The paperwork present that Fauci and his spouse have been up almost $2 million since earlier than the pandemic however skilled a net worth dip from 2021 to 2022.
Fox News Digital additionally shared the doc with OpenTheBooks CEO Adam Andrzejewski, whose group had first obtained and analyzed a number of prior years of his disclosures.
“During the pandemic years, the Fauci’s became deca-millionaires with their household net worth exceeding $10 million,” Andrzejewski informed Fox News Digital. “Last year was a tough year in the markets. However, Fauci’s net worth is still up sharply from $7.6 million in 2019.”
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“Before his retirement last December, Fauci was the highest-paid federal employee ($480,654) and significantly outearned the president ($400,000),” Andrzejewski mentioned. “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.”
The disclosures present that the Faucis noticed their net worth develop from round $9.54 million in 2019 to $11.5 million on the finish of 2022. The improve over time got here from funding positive factors, awards, compensation, and royalties. However, they skilled a $1.1 million net worth decline from 2021 to 2022. The pair reported a mixed $12.6 million net worth in 2021.
Fauci has unfold his belongings throughout belief funds, retirement accounts, and school training accounts. He has invested in mutual funds with no documented holdings of particular person shares.
At the tip of final yr, Fauci’s account steadiness totaled $9.25 million, as his spouse, Christine Grady, added round $2.2 million.
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Fauci’s compensation additionally elevated by almost $25,000 between 2021 and 2022 as he remained the highest-paid federal worker, receiving greater than President Biden. Fauci acquired roughly $481,000 in compensation in 2022, a rise from the $456,000 he earned in 2021.
Fox News Digital reached out to Grady’s government e-mail account in search of remark from them on their net worth however didn’t obtain a response.
Fauci, who stepped down in December, has since joined Georgetown University as a Distinguished University Professor within the School of Medicine’s Department of Medicine within the Division of Infectious Diseases, which the varsity describes as “an academic division that provides clinical care, conducts research and trains future physicians in infectious diseases.”
The announcement famous Fauci would additionally maintain an appointment within the college’s McCourt School of Public Policy.
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Fauci turned a polarizing determine throughout the pandemic. Last yr, he admitted that he knew the “draconian” pandemic measures would result in “collateral negative consequences” for the financial system and schoolchildren.
While justifying the measures, he mentioned 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.”
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Fauci confirmed he risked these harms, including, “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.”
“If you shut things down just for the sake of it, that’s bad,” he mentioned, including, “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.”
Fox News Digital’s Gabriel Hays contributed reporting.