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Fauci’s Farewell: 81-year-old steps down to pursue ‘next chapter of my career’

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81-year-old Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases announced Monday he will be retiring in December.

After over 50 years working in the government, Fauci says it is time to resign from his post as President Biden’s chief medical adviser.

“I will be leaving these positions in December of this year to pursue the next chapter of my career” Fauci said, alluding to the fact that he does not plan to retire completely.

Fauci, who has been lambasted for his handling of the Covid-19 pandemic, was praised for that very dismal behavior by President Joe Biden.

“I’ve been able to call him at any hour of the day for his advice as we’ve tackled this once-in-a-generation pandemic. His commitment to the work is unwavering, and he does it with an unparalleled spirit, energy, and scientific integrity,” Biden said.

Fauci has served as the director of the NIAID since 1984, and has served under seven presidents, beginning with Ronald Reagan.

In his resignation statement Fauci stated:

“Over the past 38 years as NIAID Director, I have had the enormous privilege of serving under and advising seven Presidents of the United States, beginning with President Ronald Reagan, on newly emerging and re-emerging infectious disease threats including HIV/AIDS, West Nile virus, the anthrax attacks, pandemic influenza, various bird influenza threats, Ebola and Zika, among others, and, of course, most recently the COVID-19 pandemic. I am particularly proud to have served as the Chief Medical Advisor to President Joe Biden since the very first day of his administration.”

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COVID-19

Fauci and wife’s net worth ‘skyrocketed’ to $12.6 million at the end of 2021

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No wonder Dr. Anthony Fauci was in no rush for the global COVID-19 pandemic to come to an end; it was making him a very wealthy man. According to a report from the non-profit OpenTheBooks,  a government spending watchdog group, Fauci and his wife’s networth grew by $5 million during the COVID-19 pandemic.

“The combined wealth of the 81-year-old retiring director of the National Institute of Allergy and Infectious Diseases and his bioethicist wife, Christine Grady, soared from $7.5 million in 2019 to $12.6 million at the end of 2021.”

“Despite becoming a figure of controversy, the system has rewarded Dr. Fauci handsomely,” the group’s CEO, Adam Andrzejewski, told Fox News Digital. “While Dr. Fauci has been a government bureaucrat for more than 55 years, his household net worth skyrocketed during the pandemic.”

Specific chunks of money came in part to “major salary increases, cash awards and royalties, according to the report.”

“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,” Andrzejewski said.

“He is the top-paid federal employee, his first-year golden parachute retirement pension is the largest in federal history, and he’s accepting $1 million prizes from foreign non-profits,” he added.

The New York Post reports:

Last year, Fauci raked in lucrative awards from nonprofits, including $1 million from the Dan David Foundation for “speaking truth to power” and “defending science” during the Trump Administration.

He kept $910,400 of that award, while roughly 10% went to scholarship winners, according to OpenTheBooks report.

His total compensation was $456,028 last year, up from the $434,312 he earned in 2020.

Overall, the couple’s investments also increased by more than $900,000 in 2021 while their portfolios — which included trust, retirement and college education accounts — jumped $800,000 in 2020, according to the analysis.

At the end of last year, Fauci’s account totaled $10.2 million and  Grady’s had reached $2.4 million in investments.

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