Fauci’s net worth nearly doubled during pandemic, financial disclosure forms show
Dr. Anthony Fauci’s net worth has nearly doubled in years spanning the COVID-19 pandemic according to financial disclosure forms obtained following litigation by a nonprofit government watchdog.
“The Fauci family’s disclosed net worth has increased from $7.6 million (January 1, 2019) to over $12.6 million (December 31, 2021),” according to the president of OpenTheBooks.org (OTB) , Adam Andrzejewski, writing on Sub-stack, on the financial situation of the famous director of the National Institute of Allergy and Infectious Diseases (NIAID) of the National Institutes for Health (NIH).
Fauci is also President Joe Biden’s chief medical adviser and has held a similar position under President Donald Trump since the pandemic began in 2020.
He is also the highest paid federal employee, earning more than $456,000 in 2021 in compensation. His federal salary rose to $480,000 per year in 2022, earning him higher incomes than the president, vice president, and Supreme Court justices.
“In the current pandemic year of 2021, Fauci’s household income, benefits and benefits and unrealized investment gains totaled $2,832,876, including federal income and benefits of 903 $497; outside royalties and travel benefits totaling $919,205; and $910,174 in investment gains,” Andrzejewski wrote.
Fauci’s finances were further boosted by a $1 million award he received for the Dan David Prize from Tel Aviv University in Israel. Fauci kept more than $900,000 of the million dollars, with the difference going to fund scholarships, according to his disclosure forms.
“Fauci also received awards of $12,500 from the Eliot Richardson Prize in Public Service on July 31, 2021 and the Abelson Prize from the American Association for the Advancement of Science on February 8, 2021,” Andrzejewski continued.
Fauci is also heavily invested in the market, with disclosure forms showing $910,174 in stocks, bonds, and money market interest in 2021. Fauci’s portfolio earned $794,369 in 2020. The total value of Dr. Fauci was $10,271,626 and his wife’s investments totaled another $2,405,887, as of 12/31/2021.
“These funds were held in a mixture of trust, retirement and college accounts. Fauci has an IRA worth $706,219 (up from $67,700); a defined benefit brokerage account totaling $2,551,210 (up $147,688); and a revocable trust worth $7,014,197 (up from $1,718,299).
“His wife’s revocable trust is worth $2,269,225 (up $306,406) and an IRA totaling $136,662 (up $16,385),” OTB reported.
The Epoch Times has sought comment from Fauci, but none has been received as of this story’s press.
Four separate federal lawsuits have been filed by the OTB in its effort to force the NIH to release data regarding royalties valued at $134 million paid to more than 1,600 NIH executives, scientists and researchers by outside companies. believed to be primarily from the pharmaceutical industry, between 2010 and 2014.
The royalties were first reported by The Epoch Times in May.
Based on figures from this period, the OTB projects that approximately $350 million of these royalty payments were made by outside payers to NIH employees between 2010 and 2020.
Royalty payments also went to at least three of the highest echelons of NIH leaders, including Dr. Francis Collins, the immediate former director of NIH, who received 14 payments. Fauci received 23 payments, and Fauci’s deputy NIAID director, Clifford Lane, received eight payments.
Collins stepped down as NIH director in December 2021 after 12 years at the helm of the world’s largest public health agency.
His acting successor, Dr. Lawrence Tabak, conceded during a congressional hearing earlier this year that “there could be an appearance of conflict of interest” in the royalty payments.
His title is currently listed by the United States Office of Personnel Management as “Social Science” with a pay grade of $238,970, according to Data compiled by OTB. The current peak pay rate for senior federal government officials is $226,300.
Grady’s compensation is at the center of one of four OTB lawsuits following NIH officials’ refusal to release the information requested via an April 8 FOIA request by the OTB. The court case was filed in the United States District Court for the District of Columbia.
The OTB request sought “all employment contracts, amendments and endorsements” for Grady since she took on her current role, as well as “all confidentiality agreements/documents, waivers or documents about conflicts of interests, ethical disclosures and financial and/or economic interests”. disclosure documents.
Additionally, the FOIA request requested a copy of Grady’s current official job description.
All federal jobs are required by law and regulation to have an official job description that outlines specific duties and responsibilities for which the individual may be held accountable.