Fauci’s net worth reaches $11M post-government role.
OAN’s James Meyers
3:07 PM – Tuesday, September 19, 2023
A new report has unveiled that Dr. Anthony Fauci and his wife, Christine Grady, have amassed a staggering net worth of at least $11 million following his recent departure as the director of the National Institute of Allergy and Infectious Diseases (NIAID).
According to a termination report from the National Institutes of Health (NIH) obtained by Fox News, the couple now holds assets worth $11.5 million.
Their wealth stems from a combination of “awards, federal compensation increases, royalties, and mutual fund investments,” as stated in the report.
However, Fauci has previously claimed that he donates all of his royalties to charity.
During his time as the chief medical adviser to President Joe Biden and as a member of the White House Coronavirus Task Force under the 45th President Donald Trump, Fauci earned more money than both presidents.
He was also the highest-paid federal employee during the COVID-19 pandemic and retired with an annual salary of nearly $481,000, according to Fox.
Furthermore, an investigation by the taxpayer watchdog OpenTheBooks.com discovered that the couple’s net worth increased by $5 million between January 2019 and December 2021, surpassing $7.5 million.
In 2021, Fauci received a $1 million donation from at least one nonprofit organization, the Dan David Foundation, for his efforts in “speaking truth to power” and ”defending science” during the Trump administration.
“Despite being seen as a lifelong public servant, Dr. Fauci and his wife Christine Grady — who still holds a leadership position at the NIH today — managed to become decamillionaires,” said OpenTheBooks CEO Adam Andrzejewski in an interview with The New York Post.
“This was achieved through a combination of long-term tenure, special assignments that boosted Fauci’s salary, as well as awards, payments, and perks from private entities,” he added. “Even though Fauci left his federal position, taxpayers funded and guaranteed a lifetime pension payout that we estimate rivals the president’s salary.”
Recently, Fauci has joined the staff at Georgetown University, assuming a professor position in the Infectious Diseases Division of its School of Medicine.
“This is a natural extension of my scientific, clinical, and public health career, which was initially shaped during my high school and college days where I experienced the intellectual rigor, integrity, and service-mindedness of Jesuit institutions,” Fauci stated in a press release in June.
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How does Dr. Fauci’s recent financial wealth compare to his previous claims about donating all of his royalties to charity?
A new report has revealed that Dr. Anthony Fauci, the former director of the National Institute of Allergy and Infectious Diseases (NIAID), and his wife, Christine Grady, have accumulated a net worth of at least $11 million. This significant wealth comes after Fauci’s recent departure from his position at the NIAID.
According to a termination report from the National Institutes of Health (NIH), which was obtained by Fox News, the couple now holds assets worth $11.5 million. This wealth is said to have been acquired through a combination of awards, federal compensation increases, royalties, and mutual fund investments.
It is worth noting that Fauci has previously claimed that he donates all of his royalties to charity. However, the recent report suggests that the couple’s net worth has steadily increased over the years.
During his time as the chief medical adviser to President Joe Biden and as a member of the White House Coronavirus Task Force under former President Donald Trump, Fauci’s earnings surpassed those of both presidents. He was also the highest-paid federal employee during the COVID-19 pandemic and retired with an annual salary of nearly $481,000.
Furthermore, a investigation conducted by the taxpayer watchdog OpenTheBooks.com found that the couple’s net worth increased by $5 million between January 2019 and December 2021, surpassing $7.5 million. In 2021, Fauci received a $1 million donation from at least one nonprofit organization, the Dan David Foundation, for his efforts in “speaking truth to power” and “defending science” during the Trump administration.
OpenTheBooks CEO Adam Andrzejewski expressed surprise at Fauci and Grady’s substantial wealth, stating, “Despite being seen as a lifelong public servant, Dr. Fauci and his wife Christine Grady - who still holds a leadership position at the NIH today – managed to become decamillionaires.”
Andrzejewski attributed the couple’s financial success to their long-term tenure, special assignments that boosted Fauci’s salary, as well as awards, payments, and perks from private entities. He also highlighted the lifetime pension payout that taxpayers funded and guaranteed, which he estimates rivals the president’s salary.
Recently, Fauci has joined the staff at Georgetown University, assuming a professor position in the Infectious Diseases Division of its School of Medicine. In a press release in June, Fauci expressed his excitement about this new opportunity, stating that it is a natural extension of his scientific, clinical, and public health career.
While the accumulation of significant wealth raises questions, it is important to remember the contributions that Fauci has made in the field of public health and infectious diseases. His expertise and guidance have been invaluable, especially during the COVID-19 pandemic. However, the controversy surrounding his financial situation calls for transparency and accountability, ensuring that public officials uphold the highest ethical standards.
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