Dr. Anthony Fauci and his spouse’s web price grew by $5 million throughout the COVID-19 pandemic as 1000’s of US residents struggled financially, in keeping with a authorities spending watchdog group.
The mixed wealth of the 81-year-old retiring director of the Nationwide Institute of Allergy and Infectious Illnesses and his bioethicist spouse, Christine Grady, soared from $7.5 million in 2019 to $12.6 million on the finish of 2021, in keeping with a report from the non-profit OpenTheBooks.
“Regardless of turning into a determine of controversy, the system has rewarded Dr. Fauci handsomely,” the group’s CEO, Adam Andrzejewski, informed Fox Information Digital. “Whereas Dr. Fauci has been a authorities bureaucrat for greater than 55 years, his family web price skyrocketed throughout the pandemic.”
The couple’s wealth increase was due partially to main wage will increase, money awards and royalties, in keeping with the report.
“Fauci’s hovering web price was based mostly on career-end wage spiking, profitable money prizes awarded by non-profit organizations all over the world and an ever-larger funding portfolio,” Andrzejewski mentioned.
“He’s the top-paid federal worker, his first-year golden parachute retirement pension is the biggest in federal historical past, and he’s accepting $1 million prizes from international non-profits,” he added.
Final yr, Fauci raked in profitable awards from nonprofits, together with $1 million from the Dan David Basis for “talking fact to energy” and “defending science” throughout the Trump Administration.
He stored $910,400 of that award, whereas roughly 10% went to scholarship winners, in keeping with OpenTheBooks report.
His complete compensation was $456,028 final yr, up from the $434,312 he earned in 2020.
General, the couple’s investments additionally elevated by greater than $900,000 in 2021 whereas their portfolios — which included belief, retirement and school training accounts — jumped $800,000 in 2020, in keeping with the evaluation.
On the finish of final yr, Fauci’s account totaled $10.2 million and Grady’s had reached $2.4 million in investments.