What is Anthony Fauci’s net worth? NIAID director set to receive $414,000 in first-year pension payout

Dr. Anthony Fauci is rich, no doubt. But new reports suggest he will receive a higher retirement pension than President Biden receives in salary. The White House medical adviser will receive a first-year retirement pension of $414,000 according to an analysis, which is more than the $400,000 salary the president receives. Fauci has announced he will retire by the end of the Biden administration, so the analysis assumes he will retire in January 2025.

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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 be making $530,000 a year by 2024. Provided he stays with the 5% raise he got these last years. He made headlines when he remained the highest paid federal employee of 2020 and 2021 in the entire federal government. He has long led the National Institute of Allergy and Infectious Diseases (NIAID). Additionally, Fauci was the face of the Trump administration during the initial pandemic, but the relationship between him and Trump became stale as the then-president didn’t like Fauci’s cautious approach to it. of the lock.

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Fauci earlier this week told Politico he wants to leave behind the politicization of this Covid because the virus isn’t going anywhere anytime soon. He said: “We’re in a pattern now. If someone says, ‘You leave when we’re out of Covid’, then I’ll be 105. I think we’ll live with that.” He also explained that he was not staying in his current position out of obligation. Bureaucrats who have held their position for a long time usually leave their service with a comfortable pension, as we know, the Office of Personnel Management offers 80% of bureaucrats the best paid three years in office, but having a higher annual salary to that of the President of the United States is a feat that no one can achieve every day.

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National Institute of Allergy and Infectious Diseases Director Anthony Fauci gestures as he awaits the start of a hearing before the Labor, Health and Human Services, and Education Subcommittee, and related agencies of the Senate Appropriations Committee at the Dirksen Senate Office Building on Capitol Hill May 17, 2022 in Washington, DC. The subcommittee held a hearing to review proposed budget estimates and rationale for the National Institutes of Health’s 2023 fiscal year. (Photo by Alex Wong/Getty Images)

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 earns an annual salary of $176,000. Forbes previously said Fauci earned more than “the president, four-star generals and about 4.3 million of his colleagues.”

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US President Joe Biden speaks to reporters before the start of a cabinet meeting in the Cabinet Room of the White House on March 03, 2022 in Washington, DC.  Earlier in the day, President Biden spoke in a secure video call with other Quad leaders, Prime Minister Scott Morrison of Australia, Prime Minister Narendra Modi of India and Prime Minister Kishida Fumio from Japan, to discuss the war in Ukraine.
US President Joe Biden speaks to reporters before the start of a cabinet meeting in the Cabinet Room of the White House on March 03, 2022 in Washington, DC. Earlier in the day, President Biden spoke in a secure video call with other Quad leaders, Prime Minister Scott Morrison of Australia, Prime Minister Narendra Modi of India and Prime Minister Kishida Fumio from Japan, to discuss the war in Ukraine. (Photo by Anna Moneymaker/Getty Images)

NIAID is the sub-agency of the National Institutes of Health (NIH) where Fauci earns more than his boss Francis Collins, who earned $203,500 last year. The boss of Collins, Health and Human Services Sec. Xavier Becerra, also earned $203,500, a far cry from Fauci’s annual salary. Based on his 5% salary increase, by the time his retirement takes effect, his estimated retirement at the end of 2022 would be worth $365,598 plus his 2% annuity payout of $9,613, a large total estimated at $375,211 per year. As Biden’s term ends just after 2024, Fauci will be sitting on an annual payout of $414,667.

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What is Anthony Fauci’s background?

The 81-year-old chief medical adviser to the President of the United States holds a medical degree from Cornell University. The adviser, also a physician-scientist and immunologist, began his 53-year career at the NIH in 1968 and took the post of director of NIAID in 1984. Since then, he has advised every president while not the boss. He works under NIH Director Francis Collins, who is overwhelmed by his own employee.

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Top infectious disease expert Dr. Anthony Fauci wraps up testimony before the Senate Health, Education, Labor and Pensions Committee on the status of COVID-19, July 20, 2021 on Capitol Hill in Washington, DC.  COVID-19 cases have tripled in the past three weeks, and hospitalizations and deaths are rising among unvaccinated people.
Top infectious disease expert Dr. Anthony Fauci wraps up testimony before the Senate Health, Education, Labor and Pensions Committee on the status of COVID-19, July 20, 2021 on Capitol Hill in Washington, DC. COVID-19 cases have tripled in the past three weeks, and hospitalizations and deaths are rising among unvaccinated people. (Photo by J. Scott Applewhite-Pool/Getty Images)

Fauci is known as the nation’s top infectious disease expert and is also privileged to receive a full federal pension and Social Security under pre-1984 federal pension reform rules. Previously, Fauci had an altercation with Kansas Senator Roger Marshall when 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 weren’t available and “our office can’t find them,” Fauci replied, “I don’t understand why you’re asking me that question. My financial disclosure is notoriety. public and has been so for the past 37 years or so.” Then under his breath he said, “What a jerk. Jesus Christ.”

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