Fauci And Wife Gained $5 Million During COVID Pandemic
National Institute of Allergy and Infectious Diseases director Anthony Fauci and his wife fared better than most Americans during the COVID-19 pandemic. The couple enjoyed an increase in their net worth of $5 million.
An analysis by government watchdog organization OpenTheBooks found that the Fauci household’s net worth grew from $7.5 million at the end of 2019 to $12.6 million at the end of 2021. Their wealth gain was attributed to investments, financial awards, salaries, and royalty payments.
OpenTheBooks CEO Adam Andrzejewski told Fox News, “While Dr. Fauci has been a government bureaucrat for more than 55 years, his household net worth skyrocketed during the pandemic.” He added that even though Fauci was surrounded by controversy, “the system has rewarded him handsomely.”
Andrzejewski pointed out that Fauci is the highest-paid employee of the federal government, has the largest first-year “golden parachute” retirement pension in government history, and is “accepting $1 million prizes from foreign non-profits.”
The analysis of the Fauci family’s net worth was based on federal financial disclosure forms. The couple’s investment gains in both 2020 and 2021 exceeded $800,000. Fauci invested in mutual funds and did not disclose any investments in individual corporate stocks.
Fauci received a $1 million award from the Dan David Foundation in 2021. That prize was given to him for “speaking truth to power” and “defending science” while he was working as part of the Trump administration.
Fauci’s salary as a federal employee totaled over $456,000 in 2021 and $434,000 in 2020. Fauci’s wife, Christine Grady, was paid almost $239,000 in salary as the chief bioethicist with the National Institutes of Health.
Fauci was also paid $100,000 in 2021 for serving as editor of the medical textbook, “Harrison’s Principles of Internal Medicine.” He also sits on the board of the company that publishes the book.
Andrzejewski said that OpenTheBooks has pursued transparency into the Fauci finances “because the stakes are so high.” He noted that every American has been drastically impacted by the federal government’s public health guidance. He said, “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.”
Sen. Rand Paul (R-KY) has aggressively questioned Fauci on a variety of issues related to the pandemic, including whether he has any financial conflicts that should be more fully disclosed. In recent weeks, Paul has told Fauci that his refusal to disclose which companies pay royalties to him personally will be dealt with when the GOP regains control of Congress.
Paul said: “But I tell you this, when we get in charge, we’re going to change the rules and you will have to divulge where you get your royalties from, from what companies, and if anybody in the committee has a conflict of interest, we’re going to learn about it. I promise you that.”
