On Monday, August 22, Dr. Anthony Fauci revealed that he would stand down as the US President’s main medical adviser in December 2022. Fauci was also the Director of the National Institute of Allergy and Infectious Diseases (NIAID) and the Chief of the NIAID Laboratory of Immunoregulation. According to his announcement on Monday, he will leave his role at the NIAID by the end of the year.
Dr. Anthony Fauci’s net worth is estimated to be about $8 million based on data gathered from different sources. Fauci, 81, has been the White House Chief Medical Advisor during Ronald Reagan’s presidency and the Director of the National Institute of Allergy and Infectious Diseases for almost 38 years.
BREAKING: Dr. Anthony Fauci announces his resignation as NIAID director effective in December. pic.twitter.com/RJjmEUOK3p
— Benny Johnson (@bennyjohnson) August 22, 2022
Dr. Anthony Fauci’s net worth
Senator Roger Marshall got a Forbes report on Fauci’s FY2020 income disclosure in April 2023, according to which Dr. Fauci’s home net worth was projected to be more than $10.4 million. This is a mix of Fauci’s $8 million net worth and the assets of his wife Christine Grady, who has $2.1 million in investments of her own.
An auditor for the journal later discovered that Fauci’s investments amounted to around $8.4 million. It was stated that the expert doctor had around $640,000, as well as a revocable trust worth approximately $5.29 million and a defined benefit brokerage account worth approximately $2.4 million. (It should be noted that these numbers are more than two years old.)
According to Celebrity Net Worth, Fauci’s yearly pay for 2023 will be roughly $434,312, making him the highest-paid government employee in recent years. This salary, together with royalties and financial dividends, increases his annual income to $1 million. Fauci’s work as a government employee for over five decades has contributed significantly to his financial worth. A significant percentage of his revenues may have come from his book series, Harrison’s Principles of Internal Medicine. It should be noted that Fauci’s entire net worth is also affected by his stock investments at any given moment.
What did Dr. Anthony Fauci have to say about his decision to leave in December?
While Fauci did not provide a specific explanation for his decision to resign, he said that it is motivated by a desire to “pursue the next chapter” of his life. The physician and immunologist also said that he would not be retiring from medicine entirely.
According to Anthony Fauci:
“I am not retiring, even though I am leaving my existing employment. I want to explore the next chapter of my career after more than 50 years of government service while I still have so much energy and love for my subject. I want to utilize everything I’ve learned as Director of the National Institute of Allergy and Infectious Diseases to continue to promote research and public health, as well as to inspire and mentor the next generation of scientific leaders as they help prepare the world for future infectious disease threats.”
In his statement, the physician-scientist said that he would support the NIAID in a seamless “leadership transition,” and that he is sure that he is leaving his “work in extremely competent hands.”