• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Fauci and wife’s net worth exceeded $11M when he departed government post, disclosures reveal
Economy

Fauci and wife’s net worth exceeded $11M when he departed government post, disclosures reveal

by September 19, 2023
by September 19, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Former National Institute of Allergy and Infectious Diseases director Anthony Fauci and his wife had a combined net worth that exceeded $11 million when he departed his government post, disclosures reveal.

Fauci’s 2022 termination report, which Fox News Digital obtained from an open records request, included his finances through his exit at the end of last year. The documents show that Fauci and his wife were up nearly $2 million since before the pandemic but experienced a net worth dip from 2021 to 2022.

Fox News Digital also shared the document with OpenTheBooks CEO Adam Andrzejewski, whose group had first obtained and analyzed several prior years of his disclosures. 

‘During the pandemic years, the Fauci’s became deca-millionaires with their household net worth exceeding $10 million,’ Andrzejewski told Fox News Digital. ‘Last year was a tough year in the markets. However, Fauci’s net worth is still up sharply from $7.6 million in 2019.’

‘Before his retirement last December, Fauci was the highest-paid federal employee ($480,654) and significantly outearned the president ($400,000),’ Andrzejewski said. ‘In retirement, we estimate that Fauci is collecting a federal pension, which rivals a presidential salary. It’s the largest federal retirement package in history.’  

The disclosures show that the Faucis saw their net worth expand from around $9.54 million in 2019 to $11.5 million at the end of 2022. The increase over the years came from investment gains, awards, compensation, and royalties. However, they experienced a $1.1 million net worth decline from 2021 to 2022. The pair reported a combined $12.6 million net worth in 2021.

Fauci has spread his assets across trust funds, retirement accounts, and college education accounts. He has invested in mutual funds with no documented holdings of individual stocks. 

At the end of last year, Fauci’s account balance totaled $9.25 million, as his wife, Christine Grady, added around $2.2 million.

Fauci’s compensation also increased by nearly $25,000 between 2021 and 2022 as he remained the highest-paid federal employee, receiving more than President Biden. Fauci acquired roughly $481,000 in compensation in 2022, an increase from the $456,000 he earned in 2021.

Fox News Digital reached out to Grady’s government email account seeking comment from them on their net worth but did not receive a response. 

Fauci, who stepped down in December, has since joined Georgetown University as a Distinguished University Professor in the School of Medicine’s Department of Medicine in the Division of Infectious Diseases, which the school describes as ‘an academic division that provides clinical care, conducts research and trains future physicians in infectious diseases.’

The announcement noted Fauci would also hold an appointment in the university’s McCourt School of Public Policy.

Fauci became a polarizing figure during the pandemic. Last year, he admitted that he knew the ‘draconian’ pandemic measures would lead to ‘collateral negative consequences’ for the economy and schoolchildren. 

While justifying the measures, he said that ‘sometimes when you do draconian things, it has collateral negative consequences, just like when you shut things down, even temporarily, it does have deleterious consequences on the economy, on the schoolchildren. You know that.’

Fauci confirmed he risked these harms, adding, ‘But you have to make a balance when you’re dealing with — we know the only way to stop something cold in its track is to try and shut things down.’

‘If you shut things down just for the sake of it, that’s bad,’ he said, adding, ‘But if you do it with the purpose of being able to regroup so that you can then open up in a more safe way, that’s the best way to do it.’

Fox News Digital’s Gabriel Hays contributed reporting.

Joe Schoffstall is a politics producer/reporter for Fox News Digital. Story tips can be sent to Joe.Schoffstall@Fox.com and on Twitter: @joeschoffstall

This post appeared first on FOX NEWS
You Might Also Like
  • California Dem Senate candidates all back far-left climate proposals
  • George Clooney called White House to complain about Biden’s criticism of ICC and defend wife’s work: report
  • Harris becomes betting market favorite for first time after Walz pick
  • House Intel Committee defends FISA but suggests reforms amid debate over controversial surveillance program
Share
0
FacebookTwitterPinterestWhatsapp

previous post
White House, Hunter Biden’s team keep shifting goalposts in denying Joe’s involvement with businesses
next post
Newsom justifies Hunter Biden business deals, says using family to ‘get a little influence’ is ‘hardly unique’

You may also like

GOP splits on spending, abortion derail House vote, some Republicans...

July 29, 2023

USD/CHF & USD/JPY Analysis: Key Levels and Opportunities

November 1, 2024

AOC unleashes on Trump in fiery DNC speech: Sell the...

August 20, 2024

First on Fox: Haley more than doubles her fundraising with...

January 3, 2024

Judge in Hunter Biden gun case orders search warrants unsealed

January 30, 2024

Texas judge hearing abortion pill case appointed by Trump, revered...

March 16, 2023

House GOP probing if Biden was involved in Hunter’s ‘scheme’...

December 28, 2023

Biden admin accused of aiding Palestinian ‘pay for slay’ as...

November 27, 2023

Biden’s Cabinet has few words about Biden fitness concerns post-debate

June 28, 2024

530K Alabama children eligible for summer food benefits

March 15, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,630 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Kristi Noem offers 5 requirements to...

    February 24, 2024

    Even scary Darth Vader won’t help...

    July 11, 2024

    ‘Please help me’: Families of Hamas...

    November 8, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here