OPINION: This article may contain commentary which reflects the author's opinion.
Dr. Tony Fauci is, by far, the highest-paid federal official, and he has grown incredibly wealthy on a taxpayer-funded salary during his 50-plus years in government.
According to Open The Books, an organization that focuses on government spending transparency, Fauci, head of the National Institute of Allergy and Infectious Diseases since Ronald Reagan’s first term in the early 1980s, grew his personal wealth by some $5 million during the recent COVID-19 pandemic, to top out at around $12.6 million.
“Last night, our auditors at OpenTheBooks.com received Dr. Anthony Fauci’s FY2021 financial disclosures from” his government position, Adam Andrzejewski, founder of the organization, wrote on his Substack.
“The documents contain a wealth of previously unknown information. For example, the Fauci household’s net worth now exceeds $12.6 million – up $5 million from 2019 through 2021,” he added.
In January 2022, U.S. Senator Roger Marshall forced open Dr. Anthony Fauci’s unredacted FY2019 and 2020 financial disclosures. The release followed a heated Senate exchange between Fauci and Marshall that concluded with Fauci calling the senator a “moron.”
It was Fauci’s “code red moment” when America’s ‘top doctor’ melted down on national television in the Senate hearing. (When Marshall cited ‘Forbes,’ that was our research on Fauci’s financials published in my then-column at Forbes.)
It’s been a dogfight to open the books on the Fauci finances. For example, our organization has filed four federal lawsuits versus NIH to open the books.
He went on to post more details about Fauci’s finances:
- “The Fauci household disclosed net worth increased from $7.6 million (January 1, 2019) to over $12.6 million (December 31, 2021).”
- “Fauci continued to be the most highly compensated federal employee earning $456,000 in 2021 and $480,000 in 2022. Fauci out-earned the president, four-star generals, and roughly 4.3 million other federal bureaucrats.”
- “In 2021, Fauci augmented his government income with nearly $1 million in prizes from non-profit organizations across the world. For example, the Dan David Foundation, based in Israel, awarded $901,400 for ‘speaking truth to power’ and ‘defending science’ during the Trump administration.”
In 2021, as the pandemic continued, the Fauci household, in income, perks, and benefits as well as unrealized investment gains grew $2,832,876 in worth. That included federal benefits and income totaling $903,497. Outside travel perks and royalties added another $919,205, while he earned $910,174 in investment income.
Fauci’s wife, Christine Grady, is the chief bio-ethicist at the National Institutes of Health, Andrzejewski disclosed.
In July, a report from Politico reveals that Fauci, the Chief Medical Officer to the President of the United States, said he will retire by the end of Biden’s term following more than five decades of federal service under seven different presidential administrations.
“The 81-year-old has been director of the National Institute of Allergy and Infectious Diseases (NIAID) since 1984, Reuters reported. He became the face of the American government’s policies regarding efforts to mitigate the coronavirus pandemic in 2020. Fauci has worked for over 50 years in the American public health sector, advising every president since Reagan. During the COVID-19 pandemic, Dr. Fauci was a leading figure on both Trump and Biden’s coronavirus response teams,” Fox News reported.
In his new interview with Politico Fauci spoke about the coronavirus and what’s in store for his future.
“We’re in a pattern now. If somebody says, ‘You’ll leave when we don’t have Covid anymore,’ then I will be 105. I think we’re going to be living with this,” he said. “What we have right now, I think we’re almost at a steady state.”
That said, some Republicans are not likely to simply allow Fauci to slip out of D.C. if they regain control of Congress during the midterms.
Kentucky Republican Sen. Rand Paul accused Dr. Anthony Fauci and other government health officials of taking the wrong approach in assessing COVID-19 vaccines by refusing to consider people’s prior infections.
During a hearing before a Senate Health, Education, Labor, and Pensions Committee, the Kentucky Republican suggested that government vaccine committee members have not disclosed whether they received any royalties from companies making the vaccines.
Paul says they will launch an investigation if Republicans win back control of the Senate.
“We’ve been asking you and you refused to answer whether anybody on the vaccine committees gets royalties from the pharmaceutical companies,” Paul said.
“I asked you last time, and what was your response? We don’t have to tell you. We’ve demanded them through the Freedom of Information Act. And what have you said? We’re not going to tell you. But I tell you this, when we get in charge, we’re going to change the rules and you will have to divulge where you get your royalties from, from what companies, and if anybody in the committee has a conflict of interest, we’re going to learn about it. I promise you that,” Paul added.