What is Anthony Fauci's net worth? NIAID director set to get $414k in first-year pension payout
Dr Anthony Fauci is rich, no doubt. But new reports suggest that he will be paid a higher retirement pension than President Biden is paid in a salary. The White House medical advisor will enjoy the first-year pension payout of $414,000 according to an analysis which is more than the $400,000 salary that the President gets. Fauci has announced that he would retire by the end of the Biden administration, so the analysis assumes that he will retire in January 2025.
According to an analysis conducted by Open the Books, the 81-year-old currently earns a federal salary of $480,654, and is estimated to earn $530,000 per year by 2024. Provided he stays with the 5% bump he has been getting for the past few years. He broke all headlines when he remained the highest-paid federal employee of 2020 and 2021 in all of the federal government. He has long served as the head of the National Institute of Allergy and Infectious Diseases (NIAID). Moreover, Fauci was the front face of the Trump administration during the initial pandemic, but the relationship between him and Trump went stale as the then-President wasn't fond of Fauci's cautious approach to the lockdown.
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Fauci, earlier this week, told Politico that he wanted to leave this Covid’s politicization behind him as the virus is not going anywhere anytime soon. He said, "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 also explained that he was not staying in his current position out of any obligation. Bureaucrats that have long-served their position usually quit their service with a comfortable pension, as we know the Office of Personnel Management offers 80 percent of the bureaucrats three highest-paid years in the office, But having a yearly salary more than the President of the United States is a feat that not people can achieve every day.
What is Anthony Fauci's net worth?
Fauci's financial records were made public in January 2022, and according to them, his net worth easily exceeds $8 million. Moreover, the combined net worth of him and his wife, Christine Grady, is $10.4 million. Grady is a bioethicist at the National Institutes of Health and is on an annual salary of $176,000. Forbes has previously said that Fauci outearns “the president, four-star generals, and roughly 4.3 million of his colleagues."
NIAID is the sub-agency of the National Institutes of Health (NIH) where Fauci outearns his boss Francis Collins, who made $203,500 last year. Collins' boss, Health and Human Services Sec. Xavier Becerra, also earned $203,500, which is nowhere close to Fauci's yearly salary. According to the 5 percent bump in his salary, by the time his retirement kicks in, his estimated retirement at the end of 2022 would be worth $365,598 plus his 2% annuity payment of $9,613, which is an estimated grand total of $375,211 per year. As Biden's term come to an end just after 2024, Fauci will be sitting at a cool $414,667 annual payout.
What is Anthony Fauci's background?
The 81-year-old Chief Medical Advisor to the President of the United States holds a medical degree from Cornell University. The advisor, also a physician-scientist and immunologist, started his 53-year career at NIH in 1968 and took over the NIAID Director position in 1984. Since then, he has advised every President while he isn't the boss. He works under the NIH Director Francis Collins, who is outearned by his own employee.
Fauci is known as the nation’s top infectious disease expert and is also privileged to a full federal pension and social security under pre-1984 federal pension reform rules. Previously, Fauci got into an altercation with Kansas Senator Roger Marshall as he demanded to see Fauci's financial records, and the highest-paid federal employee called him a moron. When Marshall explained that the so-called public records were not available and that, "Our office cannot find them," Fauci replied, "I don't understand why you're asking me that question. My financial disclosure is public knowledge and has been so for the last 37 years or so." Then, under his breath, he said, "What a moron. Jesus Christ."