Americans were kicked in the gut by the pandemic. But not all of us suffered the same.
According to various economic reports, “the toll the COVID-19 pandemic has exacted on the global economy has been significant, with the International Monetary Fund (IMF) estimating that median global GDP dropped by 3.9% from 2019 to 2020, making it the worst economic downturn since the Great Depression.”
Yet, we saw the big wig politicians go unaffected. In fact, the pandemic will definitely be remembered as a time of the haves vs. the have nots. However, Dr. Fauci isn’t just a “have”. He actually profited quite nicely from the fallout.
According to American Briefing:
Fauci and his wife’s net worth increased by $5 million during the pandemic. At a time when people and businesses struggled, the Fauci’s flourished and rolled around in the dough. The democrats have certainly rewarded Fauci for his being a figure of controversy. It’s despicable.
The Faucis saw their net worth expand from $7.5 million in 2019 to $12.6 million at the end of 2021, watchdog group OpenTheBooks discovered and shared with Fox News Digital. The increase came from the likes of investment gains, awards, compensation and royalties.
“While Dr. Fauci has been a government bureaucrat for more than 55 years, his household net worth skyrocketed during the pandemic,” OpenTheBooks CEO Adam Andrzejewski told Fox News Digital. “Fauci’s soaring net worth was based on career-end salary spiking, lucrative cash prizes awarded by non-profit organizations around the world and an ever-larger investment portfolio.”
According to OpenTheBooks, which obtained Fauci’s financial disclosure forms to calculate the figures, the Faucis saw their investment gains top $900,000 in 2021, while their portfolios experienced a nearly $800,000 increase in 2020.
The funds were in a combination of trust, retirement and college education accounts, and Fauci invested in mutual funds with no reported holdings of individual stocks. At the end of last year, Fauci’s account totaled $10.2 million, as his wife, Christine Grady, added $2.4 million in investments, the analysis shows.
Fauci also pocketed lucrative awards from nonprofits, including $1 million in 2021 from the Dan David Foundation for “speaking truth to power” and “defending science” during the Trump administration. He held on to $910,400 of the award, while roughly 10% went to scholarship winners, OpenTheBooks found. He also received $12,500 awards from the Eliot Richardson Prize in Public Service and the Abelson Prize from the American Association for the Advancement of Science.
Additionally, Fauci’s compensation increased by more than $20,000 between 2020 and 2021, as he remained the highest paid federal employee, including taking home more than President Biden. Fauci received $456,028 in compensation in 2021, an uptick from the $434,312 he earned in 2020.
With the Fauci’s net worth exploding during a time when Americans suffered, one can really see the how Democrats like to reward their controversial figureheads at the expense of American citizens.
In August, Fauci announced he will retire at the end of the year. Actually, retire is the wrong word. He’s leaving the government but he will still be creating havoc somewhere. However, it’s a least a relief to know Fauci will no longer be an influencer in public policy.
And while House Democrats refuse to hold any hearing on the lockdown, covid protocols, or any portion of the pandemic, November is almost here! With the changing of the guard, so-to-speak, new leadership will certainly change that.
In fact, Steve Scalise guarantees we will finally see the kind of investigations Congress should’ve been conducting for the past two years, as opposed to the Trump circle witch hunt.
“For over two years, Congressional Democrats have refused to hold a single hearing on the origins of COVID, or our government’s possible financial involvement in gain-of-function research. That will change when House Republicans take the majority next year. It’s good to know that with his retirement, Dr. Fauci will have ample time to appear before Congress and share under oath what he knew about the Wuhan lab, as well as the ever-changing guidance under his watch that resulted in wrongful mandates being imposed on Americans.”
In recent months, Fauci has made some admissions regarding his role in the covid crisis. But I can’t wait to see Republicans finally hold him accountable for his many transgressions, especially considering how deep they lined his pockets.