On Monday, August 22, Dr. Anthony Fauci announced he would step down as chief medical adviser to the US president in December 2022. Fauci was also the director of the National Institute of Allergy and Infectious Diseases (NIAID) and the head of the NIAID Laboratory for Immunoregulation. According to his announcement on Monday, he will resign from his position at NIAID before the end of the year.
The ability of Dr. Anthony Fauci is estimated to be worth about $8 million based on data collected from various sources. Fauci, 81, has been White House chief medical adviser for nearly 38 years during Ronald Reagan’s presidency and director of the National Institute of Allergy and Infectious Diseases.
BREAKING: Dr. Anthony Fauci announces his resignation as NIAID director effective December. pic.twitter.com/RJjmEUOK3p
— Benny Johnson (@bennyjohnson) August 22, 2022
The ability of Dr. Anthony Faucic
Senator Roger Marshall was given a Forbes report in January 2022 on Fauci’s FY2020 earnings disclosure, according to which Dr. Fauci was expected to be over $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 own investments.
A magazine accountant later found that Fauci’s investments were about $8.4 million. The expert physician was stated to have approximately $640,000 as well as a revocable trust worth approximately $5.29 million and a defined benefit brokerage worth approximately $2.4 million. (It should be noted that these figures are over two years old.)
According to Celebrity Net Worth, Fauci’s annual salary for 2020 will be approximately $434,312, making him the highest paid government employee in recent years. This salary, along with royalties and financial dividends, boosts his annual income to $1 million. Fauci’s work as a government official for more than five decades has contributed significantly to its financial value. A significant percentage of his earnings may 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 equity investments at any time.
What did Dr. Anthony Fauci on his decision to leave in December?
While Fauci did not provide a specific explanation for his decision to step down, he said it is motivated by a desire to “pursue the next chapter of his life”. The doctor and immunologist also said he wouldn’t stop taking drugs altogether.
According to Anthony Fauci:
“I will not retire, even if I terminate my current employment. I want to explore the next chapter of my career after more than 50 years of government service while still having so much energy and love for my profession. I want to use everything I learned as director of the National Institute of Allergy and Infectious Diseases to continue to promote research and public health, and to inspire and guide the next generation of scientific leaders as they prepare the world for future infectious disease threats. ”
In his statement, the physician-scientist said he would support the NIAID in a seamless “leadership transition,” and that he is confident he will leave his “work in extremely competent hands.”