The net worth of Anthony Fauci, MD, Director of the National Institute of Allergy and Infectious Diseases (NIAID), and his wife Christine Grady, MSN, PhD, Chief of the Department of Bioethics at the National Institutes of Health (NIH) Clinical Center, increased by $5 million between 2019 and 2021, coinciding with the COVID-19 pandemic. They experienced a net worth increase from $7.5 million in 2019 to $12.6 million by the end of 2021.1
Watchdog Group Obtained Fauci’s 2021 Financial Disclosures from NIH
OpenTheBooks, a non-profit organization committed to posting online all the disclosed spending of every level of government across the United States, said that they filed four federal lawsuits against the NIH in order to gain access to Dr. Fauci’s financial records via the Freedom of Information Act (FOIA) requests. The organization described it as it a “dogfight” to get access to the records.2
Dr, Fauci’s financial records can be found here.
Adam Andrzejewski, CEO of OpenTheBooks said that the purpose of filing the lawsuits was to determine if there were any conflicts of interests. He said:
We filed four federal lawsuits to follow the money, and documents are starting to be produced. Public health guidance during the pandemic has drastically impacted the lives of every citizen, and Dr. Fauci has been its most visible face. It’s critical to know whether any decision-making is tied up in the financial interests of public leaders, whether they’ve made any ethics disclosures to the government, and how they invested.3
The financial documents found on OpenTheBooks.com showed that Dr. Fauci’s net worth increase came from investment gains, awards, compensation and royalties. The funds received were a combination of trust accounts, retirement accounts, college education accounts and mutual funds. Andrzejewski said:
While Dr. Fauci has been a government bureaucrat for more than 55 years, his household net worth skyrocketed during the pandemic. 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.4
Despite becoming a figure of controversy, the system has rewarded Dr. Fauci handsomely. 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.5
Dr. Fauci received an award of $901,400 from the Dan David Foundation in Israel for “speaking truth to power” and “defending science” during President Trump’s administration. Former Indiana Attorney General Curtis Hill said:
When you’re employed by the federal government to make decisions that are in the best interest of the public, you don’t get a bonus from a foreign country, a foreign company, or even a domestic company. If he’s doing his job and he is doing the job right, he’s getting his remuneration from the United States of America.6
Dr. Fauci is the Highest Paid U.S. Federal Employee
During fiscal year 2020, Dr. Fauci earned $434,312 in cash compensation, which is higher than the salaries of any of the 4.3 million employees of the U.S. federal government, including the annual salary of the President and four-star generals in the U.S. military. Between 2010 and 2020, Dr. Fauci earned cash compensation of $3.7 million from the federal government.7
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1 Schoffstall J. Fauci and wife’s net worth increased by $5M during the pandemic, analysis finds. Yahoo! Sept. 29, 2022.
2 Schemmel A. Fauci’s net worth jumped $5 million during COVID, per report. KRCTV Sept. 29. 2022.
3 Schoffstall J. Fauci and wife’s net worth increased by $5M during the pandemic, analysis finds. Yahoo! Sept. 29, 2022.
6 Fairley J. Dr. Fauci’s rise in earnings during COVID-19 raises questions about royalties, foreign awards. Legal News Line Oct. 3, 2022.
7 Andrzejewski A. Disclosures Show Dr. Fauci’s Household Made $1.7 Million In 2020, Including Income, Royalties, Travel Perks And Investment Gains. Forbes Jan. 15, 2022.