Former top White House doctor Anthony Fauci made $2 million in income 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 more than $11 million as of 2022 — up from $7 .6 million in 2019.
As director of the National Institute of Allergy and Infectious Diseases and later chief medical advisor 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.
He earned additional wealth during Covid through speaking engagements, awards, compensation for government work and royalties from his work at academic publishing houses.
Financial disclosures obtained by Fox News show that Dr. Fauci totaled $9.25 million at the end of 2022. With the addition of $2.2 million from the assets of his wife, Dr. Christine Brady, their total net worth came to $11.45 million
His wife Dr. Grady, chief of the Bioethics Division at the National Institutes of Health Clinical Center, earned about $239,000 in 2021, although figures for 2022 were not available.
Financial information obtained by Fox news show that by the end of 2022, Dr. Fauci was $9.25 million. With the addition of $2.2 million from his wife Christine’s assets, 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 to deal with the burgeoning crisis.
He was a political lightning rod who had pushed for policies that ultimately paralyzed 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 $480,654 – about $80,000 more than the president makes – almost $25,000 more than the year before.
The couple saw a $1.1 million financial dip between 2021 and 2022. Before that, their net worth was approximately $12.6 million.
Net worth is the total of all a person’s assets minus the money he or she owes. And open records show the Faucis had many lucrative assets.
OpenTheBooks CEO Adam Andrzejewski had analyzed the Faucis’ previous revelations to form a fuller picture of their wealth. His analysis found that the Faucis’ assets were held in a mix of trusts, retirement accounts and college education accounts.
Dr.’s total investment account Fauci’s 2021 estimate was worth about $10.2 million, while his wife’s total was about $2.4 million.
In 2021, his stock portfolio earned $910,174, up from the previous year’s profit of more than $794,000. Dr. Fauci also invested heavily in mutual funds, but those figures are not public.
He has also earned hundreds of thousands of dollars from awards and speaking engagements. For example, in January 2021, he received $1 million for the Dan David Prize, affiliated with Israel’s Tel Aviv University, for “courageously defending science in the face of uninformed opposition” during the pandemic.
He kept $901,400 and donated the rest to hand-picked scholarship winners.
Now that Dr. Fauci is retired, he will receive a federal pension estimated to be about $375,000 this year. It could increase to $530,000 in subsequent years.
Dr. Fauci, who has faced sharp criticism for his role during the pandemic in pushing for school closures to stem the spread of Covid, has relied on taxpayers to pay his salary as a public official.
As head of the White House Covid response team, he urged then-President Trump in 2020 to “shut down the country,” including schools and businesses. But less than two years later, he said The hill that ‘I did not recommend locking anything.’
He has also been criticized for not adhering to masking advice, famously ruling in the early days of the pandemic that a limited supply of protective equipment should be reserved for medical professionals, minimizing the benefits to citizens.
The doctor has repeatedly defended the government’s many course changes, from discouraging masks and in-person classes to mandating masks for everyone and bringing children back to school.
Earlier this month, Dr. Fauci that masking at a widespread population level had less of an impact on suppressing the Covid pandemic as scientists once believed. The statement was in response to a study by a University of Oxford researcher who concluded that masks did not help.
Dr. Fauci said, “When you talk about the effect on the epidemic or the pandemic as a whole, the data is less strong.”
This sparked a firestorm online, with many calling Dr. Called Fauci a “fraud” and a “liar.”
This, he has said, is just a reflection of the fact that we are continually learning more about the virus, how it spreads and how it harms the body.
Last fall, Dr. Fauci admitted that some of the social distancing measures implemented during his time in the Trump White House were “draconian” and caused unnecessary harm to the economy and children.
He said: ‘When you’re making recommendations and you’re dealing with a situation where the hospitals in New York were overrun and the intensive care units were put in corridors, you obviously have to do something that’s quite neutral. draconian.
“And sometimes when you do draconian things, it has additional negative consequences, just like when you close things down, even temporarily, it has harmful consequences for the economy and for the schoolchildren. You know that.’