Martin Shkreli

Inside Biography

Martin Shkreli, an American businessman and the co-founder of the hedge funds Elea Capital, MSMB Healthcare and the former CEO of the Turing Pharmaceuticals.

Martin has earned a lot of money through alleged dubious and immoral actions that have impacted negatively to those in need of vital life-saving drugs. 

Shkreli was charged in federal court, then convicted on two counts of securities fraud and one count of conspiring to commit securities fraud. He was sentenced to seven years in federal prison and up to $7.4 million in fines.

Early Life And Education Of Martin Shkreli

The popular businessman was born on March 17, 1983, in Brooklyn, New York to Albanian and Croatian immigrants. He holds an American nationality and belongs to White-American ethnicity.

Shkreli has two sisters and a brother. He attended Sunday school when he was a child. Later on, he joined Hunter College High School and completed his graduation from City-As-High School. He received his bachelor's degree in business administration from Baruch College. 

Martin Shkreli's Career

The rea s suring businessman started his career at Cramer Berkowitz and worked as a financial analyst for Intrepid Capital Management and UBS Wealth Management. Then he started working at a hedge fund, Elea Capital Management. He founded Turing Pharmaceuticals in 2015 after his departure from Retrophin, a company that creates treatments for rare diseases.

Besides E-trade and Pharmaceutical business, Shkreli is actively involved in politics as well. Shkreli donated an amount of $2,700 to Bernie Sanders, a presidential candidate in October 2015. Likewise in the case of charities, Martin handed over a huge amount of money to Whitman-Walker Health, a D.C. community clinic especially known for its expertise in HIV/AIDS healthcare.

Martin Shkreli's Net Worth

Martin Shkreli has a net worth of $27 million. Most of his wealth comes from the Pharmaceutical industry and E-trade. Shkreli’s net worth had been a subject of public interest even before the former CEO of Turing Pharmaceuticals was arrested in December 2015 which compelled him to quit the company the next day.

Martin has financial accounts and a s sets beyond E-trade and had a total balance of $45 million in a bank account in 2016.

Shkreli has also been criticized by Citizens for Responsibility and Ethics in Washington; they claimed he manipulated the US Food and Drug Administration's regulatory process and charged him for $65 million. He spends all the money on living a good life.

Martin bought the lone copy of Wu-Tang Clan album for $2 million. In addition to that, Shkreli got the rights to the drug via Impax Laboratories for $55 million.

As far as Martin Shkreli's drive is concerned, he has lavish black COD car. Shkreli has spent $5 million for his bail only, apart from that, he has already spent multiple millions due to his arrest and lawsuits. 

Martin Shkreli's Personal Life

Shkreli is interested in collecting rare music albums and video gaming. He is pretty uptight in sharing his personal life with the world. In 2017, he was suspended after repeatedly tweeting about dating Lauren Duca, a journalist. He shared photoshopped pictures of himself with Duca on his account.

Shkreli has also promoted clover gender awareness referring to hoax trend of adults identifying as children while also being sexually attracted to them. He confirmed on his Facebook page that he had been permanently banned from Twitter.

by ab-niranjan, 25 Aug, 2017

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