Quote:If this medicine thing doesn’t work out, Dr. Anthony Fauci can always get a job on Wall Street.

The president’s chief medical advisor and his wife had $10.4 million in investments at the end of 2020, newly-released records show.

That sum — including $2.3 million in unrealized gains — was held in various mutual funds.

Fauci’s 2020 financial disclosure was released publicly Friday night by Sen. Roger Marshall (R-Kan.), who Fauci had called a “moron” after he inquired into Fauci’s financial disclosures during a Senate proceeding Tuesday.

“Dr. Fauci was completely dishonest about his financial disclosures being open to the public,” Marshall said in a statement. “Dr. Fauci must be held accountable to all Americans who have been suing and requesting for this information but don’t have the power of a Senate office to ask for it.”

Fauci’s 2020 filing — not previously available to the public — details the finances of the nation’s highest-paid federal employee, who reportedly made $434,312 in 2020 and is on track for a $350,000 annual pension upon retirement.

In a mix of trust and retirement accounts, he and his wife hold Atlas large-cap mutual funds, Pimco’s investment-grade bond fund, and a tax-exempt municipal debt fund.

Other holdings include the Pax Ellevate Global Women’s Leadership Fund — which invests in companies highly-rated for “advancing women through gender-diverse boards, senior leadership teams and other policies and practices” — and the Matthews Pacific Tiger Fund, which focuses on East Asian nations, in particular China, but excluding Japan.

The filing also disclosed between $250,000 and $500,000 in a money-market account and between $50,000 and $100,000 in a 529 tuition account.

Fauci also reported a stake worth between $1,000 and $15,000 in Jackson Fillmore, a trattoria in San Francisco, within the district of House Speaker Nancy Pelosi. “The pasta dishes at Jackson are simple and straightforward, but taste like they are made with love,” an Infatuation reviewer wrote.

On the income side, Fauci was paid between $100,000 and $1 million in royalties by McGraw-Hill. And he reported $8,100 in honoria and travel reimbursements for virtually appearing at three galas, including the Robert F. Kennedy Human Rights Foundation’s “Ripple of Hope.”

He also got $5,198 from the Partnership for Public Service after being named the non-profit’s 2020 federal employee of the year.

Fauci’s finances received new scrutiny this week, after Fauci said the “misinformed” Sen. Marshall only had to “ask for” his 2020 disclosure, which he said was available to the public.

Fauci’s employer, the National Institutes for Health, turned over the documents to Marshall on Friday in response to a strongly-worded letter.

But Fauci’s salary for 2021 and 2022 still have yet to be released, according to Adam Andrzejewski of OpenTheBooks.com.

The conservative non-profit Judicial Watch sued the U.S. Department of Health and Human Services — NIH’s parent — for documents related to Fauci’s financial affairs in October 2021. HHS has proposed beginning monthly releases starting on Feb. 1, according to court papers.

Thomas Fitton, president of Judicial Watch, accused the NIH of playing a “shell game” with Fauci’s records.

His 2019 financial disclosure was released by NIH in 2020, after a Freedom of Information Act request from a reporter.

But NIH has never explained the redactions in the 2019 disclosure — or why it processed that document under FOIA, when it told media outlets last week, including The Post, that Fauci’s 2020 filing would need to be requested from the federal Office of Government Ethics through another process.

NIH did not return a requests for comment.

(01-17-2022 06:46 PM)THE NC Herd Fan Wrote:  These amounts are not shocking at all. He's been a Dr. for what 40 years? If he's been investing wisely a reasonable portion of his salary no surprise at all. What would be interesting is how much he has recently invested in Big Pharma.

(01-17-2022 06:46 PM)THE NC Herd Fan Wrote:  These amounts are not shocking at all. He's been a Dr. for what 40 years? If he's been investing wisely a reasonable portion of his salary no surprise at all. What would be interesting is how much he has recently invested in Big Pharma.

(01-17-2022 06:46 PM)THE NC Herd Fan Wrote:  These amounts are not shocking at all. He's been a Dr. for what 40 years? If he's been investing wisely a reasonable portion of his salary no surprise at all. What would be interesting is how much he has recently invested in Big Pharma.

(01-17-2022 08:50 PM)Owl 69/70/75 Wrote:  Given the way that the value of new drugs can increase dramatically as they move through the approval process, it is not surprising that he could have accumulated huge wealth just by taking a piece of this or that drug. I think the more important concern would be whether he has taken official actions to favor drugs in which he had a personal financial interest. There would almost certainly be some of those, and that would be a pretty serious violation.

(01-17-2022 10:11 PM)Crebman Wrote:  

(01-17-2022 08:50 PM)Owl 69/70/75 Wrote:  Given the way that the value of new drugs can increase dramatically as they move through the approval process, it is not surprising that he could have accumulated huge wealth just by taking a piece of this or that drug. I think the more important concern would be whether he has taken official actions to favor drugs in which he had a personal financial interest. There would almost certainly be some of those, and that would be a pretty serious violation.

You mean like Remdesivir (sp) which they quit trials on due to causing way to high a percentage of organ failure…but he touted as a protocol for Covid…….

(01-17-2022 08:31 PM)UofMstateU Wrote:  

(01-17-2022 06:46 PM)THE NC Herd Fan Wrote:  These amounts are not shocking at all. He's been a Dr. for what 40 years? If he's been investing wisely a reasonable portion of his salary no surprise at all. What would be interesting is how much he has recently invested in Big Pharma.

He's been a bureaucrat for 40 years. Thats why its shocking. A public paid government employee was able to generate the equivilent of $250K per year for 4 decades into investment income, over and above his living expenses and taxes. Or another way of putting it, he would need to park $60K per year at a 6% growth rate for 40 years to get to that size. There's no position in public service that should be able to pull that down.