Dr. Fauci served as the fifth director of the National Institute of Allergy and Infectious Diseases (NIAID) in addition to being a trusted counselor in the management of the COVID-19 pandemic.
He is credited with finding the infectious virus that was the underlying cause of AIDS. In 1981, he was the one who made the finding.
Fauci has worked in the field of public health policy for a significant portion of his life and has held positions of responsibility under the administrations of multiple presidents, including both Donald Trump and Joe Biden.
Early Life
Anthony Fauci is the son of Stephen and Eugenia Fauci. He was born on December 24, 1940, in the borough of Brooklyn in the city of New York.
Anthony’s mother and father both had jobs at the local pharmacy that Anthony’s father owned and operated. Anthony’s mother also managed the pharmacy with Anthony’s father.
Fauci spent his childhood in the Bensonhurst district of Brooklyn, New York, and his family was devout Catholics while he was growing up.
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Education
Anthony Fauci went to Regis High School, a private Jesuit institution located on the Upper East Side of Manhattan, although he was still a child and growing up in Brooklyn.
Following his graduation from high school in 1958, Fauci enrolled in the College of the Holy Cross and completed his education there four years later with a bachelor’s degree in classics and a concentration in pre-med.
Before Anthony enrolled in medical school at Cornell University, he spent his summers working on construction sites while he was still a student there. In 1966, he received his Doctor of Medicine degree, making him the best student in his class.
How Did Anthony Fauci Build His Net Worth?
The estimated net worth of Anthony Fauci is $10.5 million. After finishing his internship at New York Hospital-Cornell Medical Center, Fauci moved on to become a senior researcher for the National Institutes of Health (NIH) (National Institute of Allergy and Infectious Diseases).
After working his way up through the ranks of the agency, Dr. Fauci was finally promoted to the position of director of the National Institute of Allergy and Infectious Diseases.
Fauci was invited to take on the post of Chief Medical Advisor by President-elect Joe Biden, which would make him the advisor to a total of six different presidents.
He maintained his position as head of the National Institutes of Health (NIH), while facing criticism from senators such as Dr. Rand Paul about his handling of the coronavirus outbreak.
Some people, given Dr. Fauci’s prominent position in both politics and the media, have hypothesized that he has made money off of the outbreak.
However, OpenTheBooks.com’s checks on Fauci’s reports in 2021 show that his investments are dispersed throughout various wide mutual funds.
Joe Biden’s annual pay as the Vice President of the United States is less than what Dr. Fauci makes in his roles as counselor to the president and director of the National Institutes of Health (NIH).
The compensation of Dr. Fauci has increased from $335,000 in 2014 to $417,608 in 2019, making him the highest-paid official in the federal government.
If Anthony Fauci finishes out his whole term in his directorship and advisory duties, he will have accumulated $10.5 million by the time he steps down in 2024. After that, he would begin receiving a pension that is $350,000 per year, which will be the highest in the history of the federal government.
Fauci Wealth Building Habits
Anthony Fauci likened his job to “drinking from a fire hose,” referring to the stressful nature of his career. In 2021, Netflix debuted a documentary biography focusing on the doctor’s life and the many things he has accomplished.
According to Fauci, he is able to persevere through the difficulties he encounters at work thanks in large part to the support he receives from his family.
In 2021, his neighbors began placing thank-you signboards on their front lawns to express their gratitude to him for his assistance in controlling the pandemic.
He claims that the knowledge that his day-to-day decisions in the office are benefiting millions of people in the United States serves as a source of motivation for him.
How Rich is Fauci?
Dr. Fauci is the highest-paid federal employee, earning more than the President of the United States does, and his reported net worth is at least $10.5 million, making him the highest-paid government employee.
Dr. Anthony Fauci is now serving as the Director of the National Institutes of Health (NIH), as well as the 5th Director of the National Institute of Allergy and Infectious Diseases (NIAID).