On Monday, August 22, Dr. Anthony Fauci revealed that he will step down as chief medical adviser to the US president in December 2022. Fauci also served as director of the National Institute of Allergy and Infectious Diseases (NIAID) and head of the NIAID’s Laboratory of Immunoregulation . According to his announcement on Monday, he will leave his role at NIAID by the end of the year.
Dr. Anthony Fauci’s net worth is estimated to be around $8 million based on data collected from various sources. Fauci, 81, was the chief medical adviser to the White House during Ronald Reagan’s presidency and director of the National Institute of Allergy and Infectious Diseases for nearly 38 years.
THE LATEST: Dr. Anthony Fauci announces his resignation as director of NIAID, effective in December. pic.twitter.com/RJjmEUOK3p
— Benny Johnson (@bennyjohnson) August 22, 2022
Dr. Anthony Fauci Net Worth
In April 2023, Senator Roger Marshall obtained a Forbes report on Fauci’s fiscal year 2020 income disclosure, which projected Dr. Fauci’s net worth to be more than $10.4 million. This is a combination of Fauci’s net worth of $8 million and the assets of his wife Christina Grady, who has her own investments of $2.1 million.
The magazine’s auditor later revealed that Fauci’s investments totaled about $8.4 million. The medical expert was said to have approximately $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 older than two years.)
According to Celebrity Net Worth, Fauci’s annual salary in 2023 will be approximately $434,312, making him the highest-paid public servant in years. This salary, together with royalties and financial dividends, increases his annual income to one million dollars. Fauci’s work as a public servant for more than five decades has contributed significantly to his financial worth. A significant percentage of his income may have come from his series of books, Harrison’s Principles of Internal Medicine. It should be noted that Fauci’s overall net worth is also affected by his stock investments at any given time.
What did Dr. Anthony Fauci have to say about his decision to leave in December?
While Fauci did not give a specific explanation for his decision to resign, he said it was motivated by a desire to “move on to the next chapter” of his life. The doctor and immunologist also said that he will not completely retire from medicine.
According to Anthony Fauci:
“I am not retiring, although I am leaving my current job. 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 subject. I want to use everything I’ve learned as director of the National Institute of Allergy and Infectious Diseases to continue to advance research and public health, as well as to inspire and mentor the next generation of scientific leaders as they help prepare the world for the future of infectious disease threats.”
In his statement, the physician-scientist said he would support NIAID in a seamless “leadership transition” and that he was confident he was “leaving his work in exceptionally competent hands.”
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Source: HIS Education