The net worth of Dr. Anthony Fauci and his wife rose by $5 million during the COVID-19 pandemic as thousands of US residents struggled financially, according to a government spending watchdog group.
According to a report by the nonprofit OpenTheBooks.
“Despite becoming a controversial figure, the system has rewarded Dr. Fauci generously,” group CEO Adam Andrzejewski told Fox News Digital. “While Dr. Fauci has been a government bureaucrat for more than 55 years, his household net worth has skyrocketed during the pandemic.”
The increase in the couple’s wealth was due in part to large salary increases, cash awards and royalties, according to the report.
“Fauci’s skyrocketing net worth was based on late-career pay raises, lucrative cash prizes from nonprofits around the world, and an ever-growing investment portfolio,” Andrzejewski said. .
“He is the highest-paid federal employee, his first-year golden parachute retirement pension is the largest in federal history, and he accepts million-dollar awards from foreign nonprofits.” , he added.
Fauci last year reaped lucrative awards from nonprofits, including $1 million from the Dan David Foundation to “speak truth to power” and “defend science” under the Trump administration.
He kept $910,400 of that prize, while about 10% went to fellows, according to OpenTheBooks’ report.
His total compensation was $456,028 last year, up from the $434,312 he earned in 2020.
Overall, the couple’s investments also grew by more than $900,000 in 2021 while their portfolios — which included trust, retirement and college accounts — jumped by $800,000 in 2020, according to analysis.
At the end of last year, Fauci’s account totaled $10.2 million and Grady’s had reached $2.4 million in investments.
New York Post