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As many Americans and businesses struggled during the pandemic, the director of the National Institute of Allergy and Infectious Diseases, Anthony Fauci, and his wife experienced a $5 million net worth increase.
The Faucis watched their net worth expand from $7.5 million in 2019 to $12.6 million at the end of 2021, watchdog group OpenTheBooks discovered and shared with Fox News Digital. The increase came from investment earnings, prizes, compensation and royalties.
“While Dr. Fauci has been a government bureaucrat for more than 55 years, his household net worth has skyrocketed during the pandemic,” OpenTheBooks CEO Adam Andrzejewski told Fox News Digital. “Fauci’s skyrocketing net worth was built on his late-career pay raise, lucrative cash awards from nonprofits around the world, and a growing investment portfolio.”
“Despite becoming a controversial figure, the system has rewarded Dr. Fauci handsomely,” Andrzejewski said. “For example, he is the highest-paid federal employee, his first-year golden parachute retirement pension is the largest in federal history, and he accepts $1 million in awards from foreign nonprofit organizations.”
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According to OpenTheBooks, which obtained Fauci’s financial disclosure forms to calculate the figures, the Faucis saw their investment earnings exceed $900,000 in 2021, while their portfolios saw an increase of almost $800,000 in 2020.
The funds were in a mix of trust, retirement and college education accounts, and Fauci invested in mutual funds with no reported holdings of individual stocks. At the end of last year, Fauci’s account stood at $10.2 million, as his wife, Christine Grady, added $2.4 million in investments. analysis shows.
Fauci also bagged lucrative prizes from nonprofits, including $1 million in 2021 from the Dan David Foundation for “speak truth to power” and “stand up for science” during the Trump administration. She kept $910,400 of the prize, while about 10% went to scholarship winners, OpenTheBooks found. She also received awards of $12,500 from the Eliot Richardson Award in Public Service and the Abelson Prize from the American Association for the Advancement of Science.
Additionally, Fauci’s compensation increased by more than $20,000 between 2020 and 2021, as he remained the highest-paid federal employee, even taking home more than President Biden. Fauci received $456,028 in compensation in 2021, an increase from the $434,312 he earned in 2020.
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Meanwhile, Fauci’s wife, the chief bioethicist at the National Institutes of Health, was paid $238,970 in 2021, a slight increase from the previous year. She has earned $1.6 million in compensation for her position since 2015.
The disclosures further showed that Fauci, who edits the medical book “Harrison’s Principles of Internal Medicine” and sits on the publisher’s board, he received $100,000 for publisher duties in 2021.
“Our auditors in OpenTheBooks.com relentlessly pursued transparency in the Fauci family’s finances, and those of the NIH itself, because the stakes are so high,” Andrzejewski said.
“We filed four federal lawsuits to trace the money and documents are beginning to be produced,” Andrzejewski added. “Public health guidance during the pandemic has drastically impacted the lives of all citizens, and Dr. Fauci has been its most visible face. It is essential to know if any decision-making is linked to the financial interests of public leaders, whether they made ethical disclosures to the government and how they invested.”
The National Institute of Allergy and Infectious Diseases did not respond to a request from Fox News Digital for comment on the analysis.
FAUCI ADMITS HE KNEW HIS ‘DRACONIAN’ BLOCKS WOULD HAVE ‘NEGATIVE COLLATERAL CONSEQUENCES’ ON SCHOOLS
Fauci, who plans to retire in December, saw his household’s net worth rise as Americans struggled and small businesses reeled during the pandemic.
Last week, Fauci admitted that he knew “draconian” pandemic measures would have “negative collateral consequences” for the economy and schoolchildren.
In justifying the measures, he said that “sometimes when you do draconian things, it has collateral negative consequences, just like when you close things, even temporarily, it does have detrimental consequences for the economy, for schoolchildren. You know it. “
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Fauci confirmed that he risked this damage, adding, “But you have to strike a balance when you’re dealing with it; we know the only way to stop anything is to try to shut things down.”
“If you shut things down for the sake of it, that’s bad,” he said, adding, “But if you do it for the purpose of being able to regroup so you can then open up in a safer way, that’s the best way to do it.” “.
Gabriel Hays of Fox News contributed reporting.