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#PandemicProfiteer: Anthony Fauci's financial records show him earning more than Biden

Fauci is paid $434,312 as head of the National Institute of Allergy and Infectious Diseases. The president's salary has been $400K annually since 2001

Dr Anthony Fauci's unredacted financial disclosures were published by a Republican Senator on Friday, January 14, a few days after the top infectious disease expert was heard calling the lawmaker a "moron" on the hot mic for asking about his financial records, which he claimed were publicly available. 

Roger Marshall, the senator from Kansas, clashed with the 80-year-old doctor on Tuesday as the former demanded to see Fauci's financial information. Fauci told him the documents were public. "Yes or no, would you be willing to submit to Congress and the public a financial disclosure that includes your past and current investments?" Marshall asked. "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 came the moment that quickly went viral on social media - Fauci saying, "What a moron. Jesus Christ," under his breath. 

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What do the records show?

According to the records published by Marshall, Fauci is the highest-paid federal employee in the country and earns more than President Joe Biden. Fauci, 80, is paid $434,312 as head of the National Institute of Allergy and Infectious Diseases. By comparison, the president's salary has been $400,000 annually since 2001. He also qualifies for Social Security and a full federal pension, which will be the largest in US history, exceeding $350,000 per year. He and his wife, Christine Grady, 69, who is a top bioethicist at the National Institutes of Health, is on an annual salary of $176,000. They have a combined net worth of $10.4 million.

Fauci has led the NIAID since 1984 and, if he continues until the end of Biden's term in 2024, he will be paid $2.5 million as the president's chief medical advisor. According to the records, the doctor and his wife were paid $13,298 to attend four galas and ceremonies - three of which were virtual. They also have an interest in an Italian restaurant in San Francisco, Jackson Fillmore Trattoria, which itself did not make them any money. 

Fauci was paid $5,000 to attend an 'RFK Ripple of Hope' virtual awards ceremony in December 2020; $1,600 to attend 'An Evening of Hope' virtual event in April 2020, and $1,500 to attend a 'Prepared for Life' virtual gala in October 2020, according to the records. He was also reimbursed $5,198 for costs associated with his being awarded federal employee of the year and being given the Service to America medal, in October 2020.

The publicly available salary information for Fauci shows he earned $3.6 million from 2010 to 2019. Financial records from December 2020 show that the medical expert has a contributory IRA with $638,519.70 in it, and a brokerage trust account with $2,403,522.28. While Fauci has three accounts with Charles Schwab: the most valuable of them being a Schwab One Trust containing $5,295,898.92, his wife has two accounts - an IRA, containing $120,277.82, and a Schwab One Trust with $1,962,819.27. His three accounts have a total of $8,337,940.90 while hers come to a total of $2,083,097.09.

'Meet the #PandemicProfiteer'

After the details of his financial disclosures went viral on social media, his critics started to slam Fauci. "When will Fauci have his day of reckoning? It’s long overdue," one of them said, while another noted, "Bring Fauci to justice. Firing him is not enough. Make him live out the remainder of his miserable life in a prison cell." A third stated, "Fauci may be a bigger trader than Nancy." The next remarked, "Follow the money. It always explains so much." One more quipped, "Meet the #PandemicProfiteer. The Bernie Madoff of biomedical martial law and tyranny. How dare he!" Another said, "With 8 Million on the books in the US, what do you think Fauci has in his Chinese bank? #IamScience"