Where is Martin Shkreli now and what is 'Pharma Bro's net worth?12/22/2020
MARTIN Shkreli was one of the most hated men in the world when he hiked up the price of a life saving AIDS drug from $13.50 to $750 in 2015.
In 2018, Shkreli – otherwise known as Pharma Bro – was sentenced to 7 years in prison on charges of conspiracy to commit fraud. But where is he now and how much is he worth?
Where is Martin Shkreli now?
In 2017, Shkreli was charged and convicted of conspiracy to commit securities fraud and was sentenced to seven years in federal prison.
He was also forced to pay up to $7.4million in fines.
In April 2020, the 37-year-old made a request for an early release because of coronavirus.
His lawyers revealed he had a fiancée who would house him in her Manhattan apartment to work on a supposed Covid-19 cure while he served out the rest of his sentence.
However, Shkreli's request was denied, and as of July 2020 he is serving his sentence at FCC Allenwood prison.
He is scheduled to be released on September 13, 2023.
What is Martin Shkreli's net worth?
According to a 2018 Fortune report, as stated in Yahoo, Martin’s net worth was more than $27.1 million, according to court filings leading up to his sentencing at that time.
According to CelebrityNetWorth, Shkreli's net worth in 2020 is estimated to be around $70million.
According to the website, Shkreli’s legal team has claimed that the majority of his net worth came from his stake in Turin Pharmaceuticals, the company he launched.
Why is he called 'Pharma Bro'?
Martin Shkreli, 37, is a former hedge fund manager for Elea Capital, MSMB Capital Management and MSMB Healthcare.
He was also the co-founder and former chief executive officer of the biotechnology firm Retrophin and founder and former CEO of Turing Pharmaceuticals.
Infamously labeled as "Pharma Bro" by the media, Shkreli was criticized when Turing obtained the manufacturing license for the drug Daraprim, an AIDS drug.
He then hiked the prices by nearly 5,000 percent overnight in August 2015.
At the time, Shkreli was dubbed "the most hated man in the world" after hiking up the price of Daraprim from $13.50 to $750.
Shkreli also made headlines after buying a one-of-a-kind Wu-Tang Clan album, Once Upon a Time in Shaolin, for a reported $2million.
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