Fauci and his wife's net worth jumped $5 million during pandemic, financial disclosures show
Dr. Anthony Fauci's household net worth nearly doubled during the COVID-19 pandemic, according to a nonprofit government watchdog.
Open the Books – a government watchdog group – revealed that the household net worth Fauci and his wife increased by $5 million during the pandemic years.
Fauci and his wife, Christine Grady, saw their net worth jump from $7.6 million on Jan. 1, 2019, to more than $12.6 million on Dec. 31, 2021.
"During the ongoing pandemic year of 2021, the Fauci’s household income, perks and benefits, and unrealized investment gains totaled $2,832,876 — including federal income and benefits of $903,497; outside awards and royalties totaling $1,019,205; and $910,174 in investment gains," Open the Books reported.
Fauci made $456,028 in 2021 as the director of the National Institutes of Allergies and Infectious Diseases (NIAID). Fauci was paid $3.7 million between 2010 and 2020, according to financial disclosures.
Fauci allegedly is given 44 days of paid time off because he has been a federal employee for more than 55 years.
Fauci's wife – who is the chief at the National Institutes of Health's Clinical Center's Department of Bioethics – made $238,970 in 2021, according to Open the Books. Grady was reportedly paid about $1.6 million in cash compensation since 2015.
Open the Books reported, "Disclosures show $910,174 in gains within the Fauci stock, bond, and money market portfolio during 2021 – in 2020, the portfolio gained $794,369. The total value of Dr. Fauci’s investment account was $10,271,626 and his wife’s investments totaled another $2,405,887, as of 12/31/2021."
A January 2021 Open the Books report found that Fauci is the highest-paid employee of the federal government.
Fauci – President Joe Biden's medical adviser – will reportedly receive the largest retirement package in U.S. government history.
"Our auditors at OpenTheBooks.com estimate Dr. Fauci’s annual retirement would exceed $350,000. Thereafter, his pension and benefits would continue to increase through annual cost-of-living adjustments," the group stated in December 2021.
"While Dr. Fauci has been a government bureaucrat for more than 55 years, his household net worth skyrocketed during the pandemic," Open the Books CEO Adam Andrzejewski told Fox News. "Fauci's soaring net worth was based on career-end salary spiking, lucrative cash prizes awarded by non-profit organizations around the world, and an ever-larger investment portfolio."
"Despite becoming a figure of controversy, the system has rewarded Dr. Fauci handsomely," Andrzejewski added. "For example, he is the top-paid federal employee, his first-year golden parachute retirement pension is the largest in federal history, and he's accepting $1 million prizes from foreign non-profits."
Open the Books reported in May that NIH scientists were given more than $350 million in royalties by third parties between fiscal years 2010 and 2020.
Open the Books noted, "Because those payments enrich the agency and its scientists, each and every royalty payment could be a potential conflict of interest and needs disclosure."