Martin Shkreli has been a controversial figure for years. He’s been a hedge fund investor, biotech executive, and even a felon. But one thing that always draws interest is his net worth, which is estimated to be in the hundreds of millions of dollars.
So who is this guy? Born in Brooklyn, he earned a bachelor’s degree in business and chemistry from Baruch College and, later, a master’s degree in business administration from New York University. After dropping out of medical school and joining the wild world of Wall Street, he co-founded the hedge fund MSMB Capital Management.
From there, he founded several other companies, such as Retrophin and Turing Pharmaceuticals, which resulted in him becoming known as the “Pharma Bro” after controversially pricing Daraprim at $750 per pill. But despite being indicted on federal charges such as securities fraud and conspiracy to commit securities fraud, it hasn’t stopped Martin Shkreli’s massive net worth.
How Martin Shkreli Amassed His Wealth?
You’ve probably heard of Martin Shkreli, the infamous pharmaceutical entrepreneur whose self-made wealth is nothing to sneeze at. But exactly how much is his net worth?
Though exact amounts are difficult to determine, many sources estimate that Martin Shkreli has a staggering net worth of over $100 million. Though his cutting-edge investments in biotech companies and hedge funds have no doubt contributed to his large fortune, much of his wealth has come from lucrative deals resulting from the multiple pharmaceutical companies he has stakes in.
In addition, Shkreli’s sharp business acumen and ability to identify unique investment opportunities make him one of the most successful entrepreneurs in recent years. His businesses have also been featured on numerous news outlets, giving him further publicity and allowing him to capitalize on valuable marketing opportunities.
Though he may be a controversial figure due to some of his actions, it is undeniable that Martin Shkreli has shown an incredible capability for making money and accumulating wealth throughout his lifetime.
Net Worth And The Controversy Surrounding It
Love him or hate him, it’s undeniable that Martin Shkreli has been able to turn his investments into enormous wealth. He has stated that his net worth in 2020 will be a staggering $70 million.
Despite the controversy surrounding Shkreli, including charges of securities fraud and price gouging on lifesaving drugs, his net worth soared throughout the early part of the decade due to shrewd investments. He accumulated a large number of shares in public companies and was an early investor in several high-profile biotech companies, such as Bluebird Bio and KaloBios Pharmaceuticals. His investments often proved to be an enormous success, bringing him returns of over 100% in some cases.
He even attempted to buy the Wu Tang Clan’s album Once Upon a Time in Shaolin for $2 million, though the deal fell through when he failed to make agreements with Clan members. This would have added even more money to his already considerable fortune.
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