Fresh Wind wrote: “Wait, how is it that FauXi, who makes almost double what Nanzi Pelousy makes, is (allegedly) only worth $10 million, when Pelousy is worth (allegedly) more that 10 times as much?”
Simple explanation: Mr. Pelosi.
https://fortune.com/2021/07/08/house-speaker-nancy-pelosi-husband-paul-big-tech-stocks/
People forget that the Pelosi family was wealthy before Nancy married into it.
As far as the Fauci statements are concerned:
What’s missing here is a list of the equity funds . . . are they mutual funds that are heavily concentrated in health issues like Biotech and Pharma? That would be more suspect to me than a balanced fund or an Index fund.
Thankfully there are no individual stocks here, as it would be highly inappropriate to own them in his field of expertise and oversight.
One thing that is very interesting is that the majority of the holdings are in a Defined Benefit Plan, which is basically a personal pension plan. That suggests significant pre-tax contributions and there might be some years where he deferred so much income that his effective tax rate would be very low. That would be interesting to see play out if that was true.
Simpler explanation: Criminal insider trading.
FauXi’s $10 million doesn’t pass the smell test.
They’re both crooks, IMHO.