Martin Shkreli aka “Pharma Bro” is a former fund manager, businessman. In 2015 he was regarded as the “most hated man in America.” He is best known as the founder and former CEO of Turing Pharmaceuticals. He is also the co-founder of MSMB Capital Management. Let’s find out how much is Martin Shkreli’s net worth in 2018.
Martin Shkreli Early Life
Martin Shkreli was born in 1983 on 17th March in New York, the USA to Albanian parents, who emigrated from Montenegro. He has three siblings, one brother, and two sisters. He was raised in a working-class Catholic environment.
Martin Shkreli went to Hunter College High School for his schooling but left the school before his senior year. It is not clear whether he completes his graduation from the school or not.
In 2015, he donated $1,000,000 to the Hunter College High School.
Later he went to Baruch College and obtained a BBA in Economics and Finance. He developed a keen interest in chemistry when he witnessed one of relative battling with treatment-resistant depression. All the medical expenses involved in his relatives’ treatment motivated him to invest in medical pharmaceuticals.
In 2015, Martin Shkreli was dragged on social media by his ex-girlfriend, whom he offered $10,000 for having a physical relationship with him. This brought a lot of backlash under his name. Martin Shkreli has developed a bad reputation on the social media, for saying some of the most irrational and insensitive stuff.
Martin Shkreli Career
Martin Shkreli started off his career with Cramer, Berkowitz. He drew attention when he predicted the stock price fall of a weight loss drug in 2003 which was being manufactured by Regeneron Pharmaceuticals.
In 2015, he received a lot of criticism, when used his license to manufacture Daraprim (antiparasitic drug) for making a profit, which he sold for $750 per bill when its old price was just $13.5.
Later the same year he was charged and arrested for security fraud. Following this Martin Shkreli has to resign from the position of CEO in Turning Pharmaceuticals.
Currently, he is imprisoned in the Metropolitan Detention Center, Brooklyn.
In 2017, he was invited at Harvard University to speak and was granted the permission to travel by the judge. In 2017, Martin Shkreli was also officially banned from Twitter because of his irrational behavior on the website.
This he also gained criticism, when he declared to reward anyone who pulled Hillary Clinton’s head with $5000. However later he was forced to apologize for his words when he was pressured by federal prosecutors.
Awards & Achievements
Martin Shkreli has not been awarded with any title apart from being ‘the most hated man in America.’ And quite frankly we don’t think he deserves any award, because of the way he handles himself and his wealth. Sadly he is considered as a powerful individual in America, who uses his resources to bully other people.
Net Worth of Martin Shkreli
Martin Shkreli has an estimated net worth of over $70 million. It is estimated that he owns worth $30 – $50 million shares of Turing Pharmaceuticals. He also makes millions through his other investments. However, his blunt nature often takes more than what he earns annually from him.
Martin Shkreli is without a doubt one of the smartest people in America. However, he chooses a dark path to reach the success he had at a time. It seems like Karma played its part and punished Martin Shkreli for everything he did. If it was not for his evil ways, he could have become the biggest pharmaceutical in the entire world. We just hope that he finally comes to his senses and starts acting like a respectable man.