Businesspersons
Martin Shkreli Net Worth
Martin Shkreli's Net Worth as of 2024
$100 Million
Martin Shkreli was born on 1st April 1983, in Sheepshead Bay, Brooklyn, New York City USA, of Albanian and Croatian descent. He is an entrepreneur, probably best known as the CEO of Turning Pharmaceuticals. He became famous in 2015, when he bought the US rights to Daraprim, an essential medicine according to the World Health Organization, and raised its price from $13.50 a tablet to $750.
So just how rich is Martin Shkreli? Sources estimate Shkreli`s net worth to be over $100 million, with most of his wealth coming from the financial and pharmaceutical industries, as a hedge funds manager and later as founder of start-up companies.
Martin Shkreli Net Worth $100 Million
Martin Shkreli was born into a poor family, however, he graduated from New York’s Baruch College in 2004 with a degree in business. He had started an internship at Cramer, Berkowitz, & Co when he was only 17, and by 2006 he was able to start his own hedge fund, Elea Capital Management.
His talent for financial businesses and his success as a stock trader brought Martin Shkreli onto Forbes’ list “30 under 30. Finance”, being ranked number 23. However, his first hedge fund didn`t go well because of a lawsuit, so in 2008 Shkreli started a similar business, MSMB Capital Management, which allowed him to move to the pharmaceutical industry.
He founded the company Retrophin LLC in 2011, interested in medicines for rare diseases. A year later, the entrepreneur had to deal with accusations of using the company’s money to pay investors from his previous financial businesses, and the $65 million lawsuit forced Shkreli out of the company. In 2015, he became the founder and the CEO of Turing Pharmaceuticals AG, which became famous after having bought – for $55 million – the manufacturing license for Daraprim. The medicine treats Toxoplasmosis in pregnant women, new born, and persons with compromised immune systems, so the decision of raising its price made Martin Shkreli famous all over the US and transformed him in “the most hated man in America”, according to the BBC. He also holds an important part of the biotech company KaloBios.
At the end of 2015, the FBI arrested Shkreli for securities fraud. The scandal has revealed that the CEO of Turing Pharmaceuticals had $45 million in a brokerage account at E-Trade, and specialized magazines speculated that his net worth includes other financial accounts and assets. The entrepreneur paid a $5 million bond for his release from custody.
Martin Shkreli made himself a reputation using the social media and the media. His image of a Wall Street villain is the result of controversy, messages on Twitter, and his source of income, containing in ‘legal’ frauds, small biotech companies, and stock promoters. He quit his CEO position after his arrest.
The entrepreneur shared parts of his personal life online, but nothing about relationships. He used to post pictures and videos with him playing chess or playing the guitar. He bought a $2 million copy of the album released by the rap group Wu-Tang Clan. He also tried to purchase an e-sports team for $1.2 million, but the vendors declined his offer.
Businesspersons
Charles Saatchi Net Worth
Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.
Charles Saatchi Net Worth $100 Million
They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.
To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 – by Sol LeWitt, a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.
Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990. Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.
Businesspersons
Mikey Teutul Net Worth
Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.
So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.
Mikey Teutul Net Worth $3 Million
Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.
In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul Jr. was the former chief fabricator of OCC.
So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.
In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!
In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.
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