Martin Shkreli on Drug Price Hikes and Playing the World’s Villain

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Published 2016-01-29
Martin Shkreli is a 32-year-old entrepreneur and company builder. A modern day Horatio Alger story, Shkreli grew up the son of two janitors in Sheepshead Bay, Brooklyn, hustled his way into the hedge fund game, and is now worth at least $45 million. Although he made his money betting against the pharmaceutical industry, Shkreli switched to running a drug company in 2012.

In August of last year, one of his companies acquired the rights to a drug that treats an infection that effects in people with AIDS and other immunodeficiencies.

Over night, the price per pill rose by more than 5000 percent and Shkreli became the poster child for capitalistic greed.

Shkreli ran with the bad-boy image, flaunting his trollish behaviour in the media, He's not your typical pharma tycoon anyways. Over the past year he's also funded an indie record label, claimed he would bail Bobby Shmurda out of jail, and purchased the singular copy of a legendary Wu-Tang Clan album … with no immediate plans to even play it.

In December, Shkreli was indicted on securities fraud charges and is now under investigation by Congress and the Federal Trade Commission for price gouging… so his time in the spotlight is not over yet.

VICE caught up with him at his midtown apartment to meet the man behind the headlines.

READ MORE: Everything I Know About the Wu-Tang Album from Hanging Out with Martin Shkreli - bit.ly/1NFBt8p

WATCH NEXT: Inside America's For-Profit Bail System:
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All Comments (21)
  • @VICE
    An exclusive interview with the new poster child of capitalistic greed. READ MORE: Everything I Know About the Wu-Tang Album from Hanging Out with Martin Shkreli - bit.ly/1NFBt8p
  • @benibad9355
    I feel like I'm watching an awkward first date.
  • @adambernon6930
    “I don’t know about wine. I don’t know about chess. I don’t know about drug companies. I don’t understand how profit curves work. Also, why can’t you just buy a drug for $100mill and give it to everyone for free?” Glad VICE sent their best.
  • @mikec8126
    This woman is exactly what you’d think every Vice employee is like.
  • @crieverytim
    seriously, anyone riding around his apartment on a mini seg grabbing a 2k bottle of Petrus is an expert troll
  • @Fefko13
    He dared to touch the big companies and he paid the price. Respectable
  • @youngsanch
    Shkreli: “So you play the Sicilian defense frequently?” Coffee came out my nose.
  • It seems like Vice just went to the inner city, went inside a random house and offered the rebellious teen daughter a job as an interviewer.
  • @forest12able
    This guy released an entire series on how to invest in pharmaceutical companies for free.
  • @jordan2735
    I actually miss this dude. He used to live stream all the time and I’d talk to him frequently. He was an interesting guy.
  • I reached out to him during a livestream, a mod gave me his email so I wrote to him and explained my skillset and disability and he immediately gave me his cell number and I am now working for his company. Has told me many times "I'm your friend, not a celebrity" and knows more about my disability than most damn doctors. This man was demonized for the most foolish things possible. Truly cares.
  • @Nodsbane
    The more I see of him without it being a mainstream news story, the more reasonable he seems. I don't know why I expected him to be like I heard in the media.
  • @hospitalcleaner
    low key interview. These two have got a bit of cheeky chemistry going on too
  • @Dillon6479
    He got knicked out of society for taking on the insurance companies. Its telling. I dont see him as a villain what so ever.