Former top White House doctor Anthony Fauci made $2 million in earnings during the Covid pandemic, records show.
A Freedom of Information Act request filed at the end of his term revealed that Fauci and his wife, Dr. Christine Grady had a net worth of over $11 million in 2022 – up from $7.6 million 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 official in the US, earning about $480,000 a year – more than the president’s annual salary of $400,000.
During the Corona crisis, he gained additional wealth through lectures, awards, compensation for government work and royalties from work in academic publishing.
Financial disclosures obtained by Fox News show that Dr. Fauci’s total would be $9.25 million by the end of 2022. With the addition of $2.2 million from his wife Dr. Christine Brady’s total net worth was $11.45 million
His wife Dr. Grady, chief of the division of bioethics at the National Institutes of Health Clinical Center, earned about $239,000 in 2021, but figures for 2022 were not provided.
Financial disclosures received from Fox News show that Dr. Fauci’s total would be $9.25 million by the end of 2022. With the addition of $2.2 million from his wife Christine’s net worth, their total net worth was $11.45 million.
Dr. Fauci rose to prominence during the Covid pandemic when he became an adviser to then-President Donald Trump in dealing with the burgeoning crisis.
He was a political lightning rod who pushed policies that ultimately crippled the country and caused lasting damage to the economy.
Others saw him as a calming and sensible figure at 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 – and nearly $25,000 more than last year.
The couple experienced a financial hit of $1.1 million from 2021 to 2022. Before that, her net worth was around $12.6 million.
Net worth is the sum of all of a person’s assets minus the debts they owe. And open data shows that the Faucis had many lucrative assets.
Adam Andrzejewski, CEO of OpenTheBooks, had analyzed the Faucis’ previous revelations to formulate a more complete picture of their wealth. His analysis found that the Faucis’ assets were held in a mix of trust, pension and college accounts.
The total investment account of Dr. Fauci’s net worth was around $10.2 million in 2021, while his wife’s total worth was around $2.4 million.
In 2021, his stock portfolio earned $910,174, an increase from the previous year’s earnings of more than $794,000. Dr. Fauci also invested heavily in mutual funds, but those numbers are not public.
Additionally, he has won hundreds of thousands in awards and speaking engagements. For example, in January 2021, he received $1 million for the Dan David Prize from Israel’s Tel Aviv University for his “courageous defense of science in the face of uninformed opposition” during the pandemic.
He kept $901,400 and donated the rest to hand-picked scholarship recipients.
Now that Dr. Now that Fauci is retired, he will receive a federal pension this year, estimated at about $375,000. In subsequent years it could reach up to $530,000.
Dr. Fauci, who has faced sharp criticism for his role during the pandemic in pushing for the closure of schools to curb the spread of Covid, has relied on taxpayers to pay his salary as a government employee.
As head of the White House Covid response team, he pleaded with then-President Trump in 2020 to “shut down the country,” which would include schools and businesses. But less than two years later, he said The hill that “I did not recommend locking anything down.”
He was also accused of being wrong about advice on wearing masks. In the early days of the pandemic, he famously said that limited supplies of protective equipment should be reserved for medical professionals because the benefit to civilians would be minimal.
The doctor has repeatedly defended the government’s numerous policy changes, from eliminating masks and in-person classes to requiring everyone to wear masks and sending children back to school.
Earlier this month, Dr. Fauci said masking on a broad population level had less impact on containing the Covid pandemic than scientists once believed. The statement was in response to a study by a researcher at the University of Oxford who concluded that masks do not help.
Dr. Fauci said: “When you talk about the impact on the epidemic or the pandemic as a whole, the data is less meaningful.”
This led to a firestorm on the internet, with many Dr. Calling Fauci a “fraud” and a “liar.”
He said this is just a reflection of the fact that we are constantly learning more about the virus, how it spreads and how it harms the body.
Last fall, Dr. Fauci agreed that some of the social distancing measures taken during his tenure in the Trump White House were “draconian” and caused unnecessary harm to the economy and children.
He said: “Of course, when you make recommendations, when the main goal, when you’re dealing with a situation where the hospitals in New York are overcrowded, is to put intensive care units in hallways, then you have to do something that’s more likely is.” draconian.
“And sometimes when you do draconian things, there are negative consequences, just like when you shut things down, even temporarily, there are damaging consequences for the economy and school children. “You know that.”
