May 5, 2023
The coronavirus pandemic made Dr. Anthony Fauci a household name and one of the most recognizable public figures in the U.S.
As the director of the National Institute of Allergy and Infectious Diseases, he became the face of the country’s fight against COVID-19.
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In the early days of the pandemic, Fauci was a calming voice for Americans who were fearful of the virus and frustrated with restrictions that left many out of work and scrambling to find affordable health insurance.
Fauci gave his last briefing to reporters in late 2022, before stepping down from public service — though he did say he would not be retiring "in the classic sense."
“So long as I’m healthy, which I am, and I’m energetic, which I am, and I’m passionate, which I am, I want to do some things outside of the realm of the federal government,” Dr. Fauci said in a New York Times interview
The doctor was well-paid for his role — and that high salary has helped give him a net worth that runs into the millions.
Dr. Anthony Fauci’s salary
Fauci served as President Joe Biden’s top adviser on the pandemic, but he gained major visibility through his often awkward briefings with former President Donald Trump.
The physician and the former president were often cast by the media as opposing forces in the country’s response to COVID-19.
Federal salary data indicates Fauci was being paid more than Trump at the time.
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The most recent documented data on Fauci’s salary comes from the public spending transparency website OpentheBooks.com, which uses information from the U.S. Office of Personnel Management. The site says that in 2022, Fauci's salary was $480,654 per year.
OpenBooks estimates that given Fauci's length of time as a federal employee, that his first-year pension could be as high as $414,000.
By comparison, whoever occupies the presidential office has, since 2001, "only" made $400,000 a year.
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Fauci’s career earnings
Dr. Fauci spent his whole career in the federal government. He joined the National Institutes of Health, or NIH, in 1968 after graduating with a medical degree from Cornell University and finishing his medical residency.
He took a position at the National Institute of Allergies and Infectious Diseases and rose through the ranks and first became the agency’s director in 1984.
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As the government’s expert on communicable diseases, Fauci has advised every president since Ronald Reagan, though technically he answers to the NIH director, Dr. Francis Collins. (Fauci has been offered the position of NIH director on several occasions, but turned the job down each time.) .
The publicly available salary information for Fauci shows he earned $3.6 million from 2010 to 2019.
What is Dr. Fauci’s net worth?
Dr. Fauci's net worth soared during the pandemic, according to OpentheBooks.com, to $12.6 million, an increase of $5 million between the years 2019 and 2021.
It’s hard to pin down a more precise figure because Fauci's financial disclosures don’t list the value of his many investments, only gains, losses and dividend payouts.
During the pandemic, Fauci has warned Americans not to take risks — and he seems to follow that same advice with his money. It’s in safer investments that spread around risk, including an IRA and mutual funds.
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More: How to calculate your net worth
Read More: Dave Ramsey says this 7-step plan ‘works every single time’ to kill debt, get rich in America — and that ‘anyone’ can do it
Even Fauci has side hustles
Fauci’s disclosures show his earnings from income from book publisher McGraw-Hill.
He has worked for the publisher as an editor since 1983 and has received royalties between $100,000 and $1 million, the filings show.
He is also a sought-after speaker and recipient of many awards — for example, in January 2021, he received the prestigious Dan David Prize, valued at $1 million.
The prize, affiliated with Tel Aviv University, was awarded for "speaking truth to power".
He has also recently won awards for his dedication to public service and the advancement of science.
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Justin Anderson was formerly a reporter at MoneyWise. He has a degree in Journalism from Ryerson University and his career has seen him cover everything from business and finance to the entertainment industry to politics, with plenty in between.
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