Have you wondered, as I have, what was the net worth of Dr. Fauci? Dr. Fauci is one of the most polarizing persons to emerge from the COVID pandemic. With a new political spotlight shining brightly on him, I had many questions that began to form about Dr. Fauci.
One question is, what was Dr Fauci's net worth after the pandemic?
What is Dr Fauci's Net Worth?
An interesting question is how much, if any, of Dr Fauci net worth changed before and after the pandemic. As a practicing medical doctor, Dr. Fauci had a comfortable income for over 50 years, so naturally, he accumulated some wealth. In addition, he had income from being either a director or head of a department at different federal health agencies.
He and his wife have a substantial investment portfolio, although there was some controversy surrounding some of the investments. One particular questionable investment is in Matthews Pacific Tiger Fund. The fund is run by California-based Matthews Asia, which has up to 42% of the fund trading in "China/Hong Kong" stocks. In addition, there were some questions about any financial benefits that could derive from the COVID pandemic.
But did Dr Fauci's net worth significantly increase during the COVID-19 pandemic?
What Was Dr Fauci Net Worth Before and After the COVID Pandemic?
Dr. Fauci and his wife, Christine Grady, enjoyed over a two-fold increase in net worth during the COVID pandemic crisis. From the beginning of the crisis in 2019 to 2021, their net worth doubled and grew from $5 million to over $12.6 million.
Pre-COVID pandemic, Dr Fauci net worth in 2019 was approximately $7.5 million. However, after two years into the COVID pandemic, his net worth in 2021 exploded to slightly more than $12.6 million.
What are the sources of income for Fauci's in 2021- 2022?
The Fauci's have multiple income streams, including being a federal employee for 55 years. Among the sources of income for Dr.Fauci and his wife, Christine Grady, for 2022 are:
- Whitehouse Chief Medical Advisor - In his role as President Biden's Chief Medical Advisor, Dr. Fauci has a higher salary than the president at $480,000.
- Christine Grady - Her work at the Clinical Centre at NIH (National Institutes of Health) pays $238,970 annually.
- NIH and NIAID Pharmaceutical Royalty Payments - In 2021, Dr. Fauci received 23 royalty payments from pharmaceutical companies through his association with NIAID, worth $456,028.
- Dr. Fauci Gifts and Awards - Dr. Fauci received awards and gifts from international non-profit organizations totaling nearly $1 million, including a $901,400 "gift" from the Israel-based Dan David Foundation.
Is Dr Fauci the Highest Paid Federal Employee?
President Joe Biden's Chief Medical Advisor is the highest-paid federal employee. After over 50 years of working in the federal government, he makes more than his boss, President Joe Biden. He is not only the highest-paid federal employee at $480,000, but he will also, upon retirement, have the largest golden parachute of any federal employee of over $400,000.
Are Dr Fauci and His Wife Considered Wealthy?
The Fauci's should be considered wealthy, especially with their net worth doubling during the COVID pandemic. In addition, their income streams have increased significantly during the past few years, with 2002 being an exceptionally financially rewarding year.
In 2020, Fauci's made $1.7 million in investments, royalties, income, and perks. Their income included $868,812 in salaries, $113,298 in royalties and other bonuses, and investment gains of $794,369.
Also, an additional $100,000 was paid to Dr. Fauci as an editor of a McGraw Hill medical textbook, Harrison's Principles of Internal Medicine. Dr. Fauci also sits on the board of McGraw Hill and received additional travel perks for attending board meetings.
Who Is the Real Dr. Fauci?
Bestowed with the titular title "America's Doctor," Dr. Anthony Fauci came onto America's political landscape during the COVID pandemic. He advised presidents, promoted his scientific position to fight COVID, and became revered by the public. As a result, the mercurial physician-scientist and immunologist became the top authority for battling COVID during the pandemic.
In 1984, he took over as director of the NIAID research agency. His advice to presidents and other leaders set examples of how to combat COVID, especially in its infancy. But not without the ongoing controversies that continue to follow him today.
What Role Does Dr. Fauci Play in Combating Infectious Diseases?
Since becoming the director at NIAID, Dr. Fauci has built an impressive portfolio of research in diagnosing and preventing infectious diseases. Among the infectious diseases he oversaw research are tuberculosis, malaria, HIV/AIDS, Ebola, Zika, and COVID.
Dr.Fauci worked with several presidents as a federal employee, including:
- Ronald Regan
- George Bush Sr.
- Bill Clinton
- George W. Bush
- Barak Obama
- Donald Trump
- Joe Biden - Current Chief Medical Advisor
As Director of NIAID, Dr Fauci manages extensive research in infectious diseases. These diseases include diseases caused by infection of germs, including:
- Diarrheal diseases
- Respiratory infections
Dr. Fauci is heralded for his ability to take complex health information, especially when confronting infectious diseases. This ability has been invaluable during the COVID pandemic in explaining the disease to people in an understandable way.
Fauci accepts a position with NIH (National Institute of Health)
After joining NIH in 1968, Dr Fauci became Chief of Laboratory of Immunoregulation in 1980, a position he still holds today. NIH comprises 27 Research Centers and Institutes, one of which is NIAID, for medical research, each focusing on specific diseases or body systems.
In addition, he maintained his position as Director of NIAID, a position he has held since 1984. As a practicing physician, Dr. Fauci makes rounds at the NIH Clinical Hospital and works primarily with COVID-19 patients.
What Are Dr. Fauci's Certifications and Medical Qualifications?
Besides the positions held at NIAID and NIH, Dr. Fauci has multiple medical certifications. These certifications have been acquired over a 54-year medical and infectious diseases research career. After he received his MD from Cornell Medical Center, he began his career in 1968 at the Laboratory of Clinical Investigation (LCI), which is part of NIAID.
He then spent his medical career working on infectious diseases at NIH. During this tenure, he continued to be a practicing medical professional working with patients with infectious diseases. His expertise in infectious diseases, including bio-hazards, led him to become a medical advisor under seven presidents.
During his long medical career, Dr. Fauci received thirty-eight honorary PhDs from universities worldwide.
What Was Dr Fauci's Association with China's Wuhan Lab?
In 2019, Dr Fauci's National Institute of Allergy and Infectious Diseases financed scientists at the Wuhan Institute of Virology in China. The funding was to help pay for researching the gain-of-function capabilities of the bat coronavirus.
With support from NIAID, the National Institute of Health (NIH) in 2019 awarded $3.7 million, payable over six years, for various research projects, including gain-of-function research. In addition, another $3.7 million was awarded for a five-year project to study and collect bat coronaviruses. The total funding awarded to the Wuhan Institute of Virology was $7.4 million, with the contracts ending in 2019.
This controversial funding for research on modifying viruses to make them more viral with increased potency affects humans. Among the research funded was research to discover the potential for bat coronavirus "spillover." Stated plainly, "spillover" is the ability of viruses to transmit from animals to humans.
The bat coronavirus research that NIH partly funded at the Wuhan Labs in China dealt with the ability of the bat coronavirus to infect human cells through genetic engineering. Interestingly, the bat coronavirus research was conducted at the same time the COVID pandemic began in China and spread worldwide, including in the United States.
Does Dr Fauci Plan to Retire This Year?
After serving 50 years in government service, Dr. Fauci announced plans to retire this year. He announced he intended to resign as Director of NIAID and the Chief of the NIAID Laboratory of Immunoregulation this December. He also plans to leave as President Biden's Chief Medical Advisor at the same time.
Due to his long tenure of service in the federal government, he will enjoy the largest "golden parachute" ever paid by the US government. His retirement pension will pay out $414,000 in his first year, an amount greater than the President of the United States' salary.
What Are Some Little Known Facts About Dr. Fauci?
- Dr. Fauci Appreciated the Classics - He received a BA in Classical Studies degree from the College of Holy Cross, not a pre-med one. Still, he credited the classics for making him who he was.
- He doesn't take himself too seriously - Throwing out the first pitch in a Washington Nationals baseball game, Dr Fauci threw the ball toward first base and joked he used to play shortstop as a boy and thought that was where he was supposed to throw it.
- He walks the walk - Dr. Fauci would spend two hours a day as director of NIAID/NIH working personally with infectious disease patients, wearing a healthcare worker's chemical suit.
- Listens to patients - When activists protested how NIH was dealing with the HIV/AIDS crisis, Dr Fauci listened to them and invited their input for the government's response.
- Leading expert on infectious diseases - Dr. Fauci is considered a leading authority on infectious diseases since he has edited, authored, or co-authored over 1,300 articles in his medical field, including textbooks.
What Were Dr Faucis' Coronovirus Mistakes and Contradictions?
These are some contradictions, errors, and mistakes about the coronavirus pandemic made by Dr. Fauci:
- Warns President Trump US in trouble - In January 2020, Dr. Fauci warned President Trump the US was in real trouble with coronavirus but publicly said on Newsmax TV it was "not a major threat."
- Compares the pandemic to an apocalypse - He compared the coronavirus pandemic to an apocalyptic event but later said it would be like the bad flu.
- Mistaken coronavirus modeling - Dr. Fauci based his pandemic predictions on faulty IHME (Institute for Health Metrics and Evaluation) models that missed the target by millions, then said, "You really can't rely on models."
- Take a cruise - In March, Dr. Fauci said taking a cruise would be okay, which was a huge mistake as cruise lines had to shut down due to the coronavirus.
- Advised to lock down the economy - Dr. Fauci and Dr. Brix advised President Trump to lock down the US economy based on the UK's Imperial College Model. Many countries did lockdown due to modeled results predicting a massive loss of life due to coronavirus. However, other scientists could not replicate it, and the model was considered "garbage."
Dr. Fauci is an enigma. He has devoted his life to science and medicine and became wealthy during his 50-year journey in medical research. Presidents sought out his advice, awards lauded upon him from around the world, and he received over 30 honorary doctorate degrees.
He projected a cool calmness in dire situations, keeping level-headed in the most challenging times. When people needed simple answers to complex questions, he could break the answers down into easy-to-understand segments.
But was he all he appeared to be?
History will decide Dr. Fauci's legacy, and it may be glowing. But, there remain many questions, and one that particularly stands out.
The impressive doubling of Dr Fauci net worth during the coronavirus pandemic seems unusual. However, Dr. Fauci's financial portfolio did exceptionally well when most of America was locked in place, struggling to get by.
A lot of thanks for his financial windfall is due to pharmaceutical companies' royalties because of his association with NIAID.
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Written by Allen Lee
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