As many Americans and businesses have struggled during the pandemic, director of the National Institute of Allergy and Infectious Diseases Anthony Fauci And his wife saw an increase in their net worth by $5 million.
Faucis saw her net worth increase from $7.5 million in 2019 to $12.6 million at the end of 2021, according to a discovery by monitoring group OpenTheBooks and shared with Fox News Digital. The increase came in the form of investment gains, bonuses, compensation and royalties.
“While Dr. Fauci has been a government employee for more than 55 years, his family’s net worth has skyrocketed during the pandemic,” Adam Andrejjoski, CEO of OpenTheBooks, told Fox News Digital. “Fauci’s high net worth has been based on higher salaries at the end of his career, lucrative cash prizes from non-profit organizations around the world and an ever larger investment portfolio.”
“Although the regime became a controversial figure, Dr. Fauci generously rewarded,” 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 prizes from foreign nonprofits.”
According to OpenTheBooks, which obtained financial disclosure forms from Fauci to calculate the numbers, the Faucis saw their investment gains over $900,000 in 2021, while their portfolios saw an increase of nearly $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 totaled $10.2 million, with his wife Christine Grady adding $2.4 million in investments, analysis shows.
Fauci has also received lucrative awards from nonprofits, including $1 million in 2021 from the Dan David Foundation for “Speaking Truth to Power” and “Defending Science” during Trump administration. OpenTheBooks found that it received $910,400 in prize money, while nearly 10% went to scholarship winners. He has also received $12,500 in awards from the Elliott Richardson Award for Public Service and the Abelson Award from the American Association for the Advancement of Science.
Additionally, Fauci’s compensation increased by more than $20,000 between 2020 and 2021, as the highest-paid federal employee, including homeowner, remained more than President Biden. Fauci received $456,028 in compensation in 2021, up slightly from the $434,312 he received in 2020.
Meanwhile, the wife of Fauci, the chief bioethicist at the National Institutes of Health, received $238,970 in 2021, a slight increase from the previous year. She has received $1.6 million in compensation from her position since 2015.
The disclosure further showed that Fauci, who edited the medical book “Harrison’s Principles of Internal Medicine” He is on the publisher’s board of directors, and was awarded $100,000 for editorial assignments in 2021.
Our auditors at OpenTheBooks.com He has relentlessly sought transparency in the Fauci family’s finances – and that of the NIH itself – because the stakes are too high,” Andrzejewski said.
“We have filed four federal lawsuits to pursue the funds, and production of documents has begun,” Andrezhevsky added. “Public health guidelines during the pandemic have greatly affected the lives of every citizen, and Dr Fauci has been his most visible face. It is crucial to know whether any decision-making is linked to the financial interests of public leaders, whether they have made any ethical disclosures to the government, and how They invested.”
The National Institute of Allergy and Infectious Diseases did not respond to a request by Fox News Digital for comment on the analysis.
Fauci, who plans to retire in December, has seen his family’s net worth increase as Americans struggled and small businesses faltered during the pandemic.
last week, Fauci . admitted He knew that “extremely draconian” epidemic measures would lead to “negative collateral consequences” for the economy and school children.
While justifying the measures, he said that “sometimes when you do things that are really extreme, they have negative collateral consequences, just as when you shut things down, even temporarily, they have terrible consequences for the economy, for schoolchildren. You know that.”
Fauci confirmed that he risked those damages, adding, “But you have to strike a balance when you’re dealing with — we know the only way to stop something cold in its tracks is to try to shut things down.”
“If you close things just for her, that’s bad,” he said, adding, “But if you do it with the intention of being able to regroup so you can open up in a safer way, that’s the best way to do it.”
Fox News’ Gabriel Hayes contributed to this report.