[ 2 syll. fau -(s) tus, fa-ust-us ] The baby boy name Faustus is pronounced as F AH-S-TahS- †. Faustus is used predominantly in the German language and its origin is Latin. It is derived literally from the word 'faustus' which means lucky, auspicious.Faustus (Latin) is an original form of Faustus.The names Faustus and Fausta were bestowed by the 1st century BC Roman dicator Sulla upon his twin children.austus is used predominantly in the German language and its origin is Latin. It is derived literally from the word 'faustus' which means lucky, auspicious. Faustus (Latin) is an original form of Faustus.