Despite emerging from the long-running pandemic, the country is on the brink of a recession according to recent market numbers. Many are struggling just to keep up with rising inflation.
On the flip side, many of our highest-ranking leaders are raking in some serious cash. And a few appeared to directly benefit from the COVID-19 epidemic that hit America hard between 2020 and 2021.
One of those people is Dr. Anthony Fauci — his personal income got a gigantic boost in the past few years.
According to Open the Books, a government watchdog group that keeps an eye on such things, Fauci’s household income didn’t just increase since 2020: it skyrocketed.
Currently, Dr. Fauci is the highest-paid employee of the federal government, and is in line to reportedly receive the most lucrative retirement package Washington has ever seen.
Fauci and his wife had a net worth of $7.6 million as of Jan. 1, 2019, but that number has almost doubled.
Via The Blaze:
Dr. Anthony Fauci’s household net worth nearly doubled during the COVID-19 pandemic, according to a nonprofit government watchdog.
Open the Books revealed that the household net worth Fauci and his wife increased by $5 million during the pandemic years.
Fauci and his wife, Christine Grady, saw their net worth jump from $7.6 million on Jan. 1, 2019, to more than $12.6 million on Dec. 31, 2021.
According to financial records, Fauci dragged in $456,028 in 2021 as the director of the National Institute of Allergies and Infectious Diseases (NIAID).
In the 10-year stretch between 2010 and 2020, he earned $3.7 million — and yet, his household net worth nearly doubled since the start of 2020. And the records attribute this rise to Fauci’s portfolio.
This has been a commonly debated topic among most Americans: how much Dr. Fauci made personally on certain investments during the pandemic:
Disclosures show $910,174 in gains within the Fauci stock, bond, and money market portfolio during 2021 – in 2020, the portfolio gained $794,369.
The total value of Dr. Fauci’s investment account was $10,271,626 and his wife’s investments totaled another $2,405,887, as of 12/31/2021.
Open the Books CEO Adam Andrzejewski told Fox News that Fauci’s “soaring net worth was based on career-end salary spiking, lucrative cash prizes awarded by non-profit organizations around the world, and an ever-larger investment portfolio.”
Obviously, Dr. Fauci isn’t hurting in the slightest.
Andrzejewski added that in addition to being the top-paid federal employee, Fauci has a “first-year golden parachute pension that’s the largest in federal history,” and he’s gotten over $1M from “foreign non-profits.”
Overall, NIH scientists were given over $350 million in royalties by third parties between 2010 and 2020, and that could be a serious issue:
Because those payments enrich the agency and its scientists, each and every royalty payment could be a potential conflict of interest and needs disclosure.
However, until any of that happens, these will remain some of the wealthiest people in the country. And Dr. Fauci apparently heads the list.
- Dr. Anthony Fauci’s household income doubled between 2020 and 2021.
- He is the highest-paid federal employee with the most lucrative retirement plan ever, and his “ever larger investment portfolio” is a big part of the gains.
- Watchdog group Open the Books added that NIH scientists were given $350M in royalties from third parties, and that could represent a conflict of interest.
Source: The Blaze