NEW DISCLOSURES SHOW FAUCI'S HOUSEHOLD MADE $1.7 MILLION IN 2020: INCLUDING INCOME, ROYALTIES, TRAVEL PERKS & INVESTMENT GAINS

From Adam Andrzejewski, OpenTheBooks

BREAKING: During the pandemic year of 2020, Dr. Anthony Fauci’s household income, perks and benefits, and unrealized gains totaled $1,776,479 — including federal income and benefits of $868,812; while outside royalties and travel perks totaled $113,298; and investment accounts increased by $794,369.

And there’s a lot more… Read our research published at Forbes.

Forbes: Disclosures Released: Dr. Fauci Household Earnings Exceeded $1.7 Million In 2020 – Included Income, Royalties, Travel Perks, And Investment Gains

By Adam Andrzejewski

Last night, U.S. Senator Roger Marshall received Dr. Anthony Fauci’s unredacted FY2020 financial disclosures. The release following a heated Senate exchange between Fauci and Marshall which concluded with Fauci called the Senator a “moron.”

The Fauci financial disclosures contain a treasure trove of previous unknown information. For example, the Fauci net worth exceeds $10.4 million.

During the pandemic year of 2020, their household income, perks and benefits, and unrealized gains totaled $1,776,479 — including federal income and benefits of $868,812; outside royalties and travel perks totaling $113,298; and investment accounts increasing by $794,369.

Here are the numbers as compiled by the auditors at OpenTheBooks.com, an organization I lead. This analysis used previously known information plus the newly released disclosures.

Investment Income: $794,369

Disclosures show $794,369 in gains in the Fauci stock, bond, and money market portfolio during 2020. The total value of Dr. Fauci’s investment account was $8.4 million and his wife’s investments totaled another $2.1 million.

These funds were held in a mix of trust, retirement, and college education accounts. Fauci has an IRA worth $638,519 (up $42,291); a defined benefit brokerage account totaling $2,403,522 (up $241,418); and a revocable trust worth $5,295,898 (up $342,694). His wife’s revocable trust is worth $1,962,819 (up $156,123) and an IRA totaling $120,277 (up $11,843).

Fauci’s disclosures show that he owns a stake in a San Francisco restaurant, Jackson Fillmore, worth between $1,000 and $15,000: but received no income from the restaurant in FY2020 (or in FY2019).

Previously, NIH had released heavily redacted financial disclosures of Dr. Fauci. Redactions included the fund balances, so a net worth analysis was impossible until now.

Salaries: $668,312

Dr. Fauci is the director of the National Institutes of Allergies and Infectious Diseases and his wife Christine Grady is the chief bio-ethicist at the National Institutes of Health.

Background: Fauci earned $434,312 in cash compensation (FY2020) outearning all 4.3 million federal employees including the president and four-star generals in the U.S. military. Between 2010 and 2020, Dr. Fauci earned cash compensation of $3.7 million from his federal employer Review Fauci’s ten-year salary history in my previous column published at Forbes.

Fauci’s wife, Christine Grady is the chief bio-ethicist at the National Institutes of Health and made $234,284 in FY2020, as disclosed by FOIA to OpenTheBooks.com in August 2021. Grady’s FY2019 pay was also $234,284 and since 2015, Grady made $1.3 million in cash compensation.

However, Fauci’s financial disclosures only show that Grady made $176,000 for FY2020.

NIH does still not disclose Fauci’s current salary (FY2022) and last year’s salary (FY2021), despite comment request asks for the information. Therefore, Fauci’s pay is estimated to total another roughly $900,000 for those two years.

Perks And Pension Benefits: Est. $200,500

Federal employees have a lucrative amount of paid time off, subsidized healthcare, pension benefits and a myriad of other perquisites. For example, after just three-years, a rank-and-file federal employee receives 44 days of paid time off. Dr. Fauci has held a federal job for 55 years.

A good faith estimate of the taxpayer cost of those benefits is 30-percent multiplied by the salary amount for Dr. Fauci and his wife.

Background: In December, published at Forbes, Fauci stands to reap a golden parachute retirement pension estimated at $350,000 per year, the highest in federal history. With cost of living increases, Fauci would receive over $1 million during his first three years of retirement.

Royalties And Professional Reimbursements: $100,000

Disclosures show that Dr. Fauci edits the medical textbook, Harrison’s Principals of Internal Medicine and serves on the board of the publisher, McGraw Hill. In 2020, Fauci received $100,000 as an editor of the publication. In 2019, Fauci also received $100,000 from McGraw Hill for editing the same textbook, and in July 2019, Fauci also received travel reimbursement of $6,328 for a six-day trip to La Jolla, CA to attend a board meeting of McGraw Hill, the publisher.

An NIH spokesperson confirmed that Dr. Fauci has an editorial board position with McGraw Hill that is approved by NIH. When he receives reimbursements for out-of-pocket travel to attend meetings, it is on the same basis as other directors.

Background: OpenTheBooks filed a Freedom of Information Act lawsuit to get a copy of all royalties paid to current and retired NIH scientists since 2005. When NIH would not release the information, a federal lawsuit was filed in October with Judicial Watch and production is scheduled to start on February 1^st.

Gifts And Travel Reimbursements: $13,298

Galas: Fauci and his wife reported the fair market value of the $8,100 in tickets given to him to attend three virtual galas. Filers are instructed by Government-wide regulations that the “market value” of a ticketed event is the ticket’s face value. NIH gave prior written approval for Dr. Fauci to attend the events.

Here is the breakdown: $5,000 in for the Robert F. Kennedy (RFK) “Ripple of Hope” gala in December 2020 which also honored him as an award receipt. $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.

A spokesperson at NIH confirmed the details on the gala disclosures.

Background: Fauci’s FY2021 disclosure is scheduled for release in May. The disclosure should contain interesting information. For example, in January 2021, as reported by NPR, Fauci received a $1 million prize for the prestigious Dan David Prize affiliated with Tel Aviv University for “speaking truth to power.”

Most likely Fauci kept $900,000 of that prize with 10-percent awarded to Fauci-picked scholarship winners.

More…
We’ve been persistent for the last 12-months – and now Dr. Anthony Fauci’s financial disclosures are finally posted online.

Here is how it all came together last week:

TUESDAY, JANUARY 11th

Congressional hearing: U.S. Senator Roger Marshall asked Dr. Fauci about his salary – the highest at the federal level (Marshall cited our research published at Forbes). Then, Marshall raised questions about the lack of financial disclosure (we are suing for those records represented by Judicial Watch).

Later that day, we broke the fact that Dr. Fauci records were NOT available – in an interview on Sinclair Broadcast (a Fortune 500 company with 190 ABC, NBC, CBS, and Fox local stations across America).

WEDNESDAY, JANUARY 12th

A full breakdown of what Fauci records were and weren’t available published in my piece at Forbes: No, Dr. Anthony Fauci’s Financial Records Aren’t Available. Why Won’t NIH Immediately Release Them?

Simultaneously, we filed a second Federal Freedom of Information Act lawsuit along with Judicial Watch to force the NIH to produce copies of Dr. Fauci’s daily calendar from the earliest days of the pandemic.

THURSDAY, JANUARY 13th

PolitiFact fact-checked Fauci and Marshall: Fauci Said All You Have To Do Is Ask For His Financial Disclosure. Yes, But It Could Take A While. The Forbes piece was used as primary source material for the Trust-O-Meter column.

Sen. Marshall wrote a one-page demand letter to NIH and Dr. Fauci to release the 2019 and 2020 financial disclosures. Again, my Forbes column was used as primary source material and footnoted at the base of the letter.

FRIDAY, JANUARY 14th

At 5pm ET, the NIH released Fauci’s unredacted records from 2019 and 2020. This was the first time anyone ever saw the 2020 record – we had previously received the 2019 record with heavy blackouts.

Sen. Marshall announced legislation to cure the lack of financial disclosure among senior level federal bureaucrats: Financial Accountability For Uniquely Compensated Individuals (FAUCI Act).

SATURDAY, JANUARY 15th

My column published at Forbes: Disclosures Show Dr. Fauci’s Household Made $1.7 Million In 2020, Including Income, Royalties, Travel Perks And Investment Gains.