Pharma Boss Martin Shkreli Unmasked as Wu-Tang Clan Album Buyer

NBC News Clone summarizes the latest on: Pharma Boss Unmasked Wu Tang Clan Album Buyer N476946 - Breaking News | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.

Martin Shkreli, who sparked outrage by gouging the price of an HIV drug, bought the only copy of the Wu-Tang Clan album "Once Upon a Time in Shaolin."
Image: Martin Shkreli
Martin Shkreli. Bloomberg / Bloomberg via Getty Images

The pharmaceutical company honcho who sparked outrage by gouging the price of a lifesaving HIV drug has been revealed to be the buyer of the only copy of the new Wu-Tang Clan album, "Once Upon a Time in Shaolin."

Martin Shkreli was the highest bidder for the 31-track album by the Staten Island-based hip hop ensemble, Bloomberg News reported.

And Shkreli, who was publicly pilloried when it was revealed that he planned to increase the price of Daraprim by 5,000 percent, spent $2 million for the record, according to Bloomberg, which cited "someone familiar with the deal" as its source.

Shkreli did not immediately return messages from NBC News seeking comment. But he touted his purchase on Twitter.

"If there is a curious gap in your favorite artist's discography, well, now you know why," he posted.

Shkreli was vilified in September after his company, Turing Pharmaceuticals of New York, bought the rights to the drug from Impax Laboratories for $55 million — and raised the price from $13.50 to $750 per pill.

Daraprim fights toxoplasmosis, an infection that is especially dangerous for AIDS patients with weakened immune systems and also pregnant women, according to the Centers for Disease Control and Prevention.

Shkreli defended the price hike on a drug that has been around for 62 years — and can be purchased in Europe for about a buck a pill.

"It's very easy to see a large drug price increase and say 'Gosh, those people must be gouging," he told NBC News. "But when you find out that the company is not really making any money, what does that mean? It's very hard stuff to understand."

But everybody from Hillary Clinton to Donald Trump criticized Shkreli, and the BBC declared that the mogul "may be the most hated man in America.”

Faced with a tsunami of outrage, Shkreli agreed to cut the price of the pill by 50 percent — to about $375 per pill.

Shkreli, 32, can do what he wants with the album — except profit from it.

Under the terms of the deal, Shkreli can't "commercialize" it for 88 years, according to Paddle8, the online auction house that Wu-Tang Clan hired to handle the transaction.

While Paddle8 did not divulge how much the album went for, the company did said it was the most ever spent on a single album, far surpassing the $306,000 spent for the only existing album from The Quarrymen, the band that became The Beatles.

Meanwhile, Wu-Tang Clan leader RZA told NBC Bay Area that he is giving some of the proceeds from the sale to charity, including the Hip-Hop Chess Federation, which uses a mix of rap and chess and martial arts to help kids learn how to make better decisions.

AdBlock Detected!
Please disable it to support our content.
×

Related Articles

Donald Trump Presidency Updates - Politics and Government | NBC News Clone | Joe Biden Campaign News - Politics and Government | NBC News Clone | Kamala Harris Vp Announcement - Politics and Government | NBC News Clone | Trump Indictment Latest - Politics and Government | NBC News Clone | Election Results Live - Politics and Government | NBC News Clone | Swing States Polling - Politics and Government | NBC News Clone | Debate Highlights - Politics and Government | NBC News Clone | Budget Approval 2025 - Politics and Government | NBC News Clone | Abortion Ruling - Politics and Government | NBC News Clone | Us China Relations - Politics and Government | NBC News Clone | Inflation Rates 2025 Analysis - Business and Economy | NBC News Clone | Federal Reserve Interest Rates - Business and Economy | NBC News Clone | Stock Market Today - Business and Economy | NBC News Clone | Recession Prediction 2025 - Business and Economy | NBC News Clone | Jobs Report Unemployment - Business and Economy | NBC News Clone | Ai Stock Surge - Business and Economy | NBC News Clone | Housing Market Crash - Business and Economy | NBC News Clone | Oil Prices Update - Business and Economy | NBC News Clone | Amazon Prime Sales - Business and Economy | NBC News Clone | Bitcoin Etf Approval - Business and Economy | NBC News Clone | Latest Vaccine Developments - Health and Medicine | NBC News Clone | Covid Variants Update - Health and Medicine | NBC News Clone | Boosters New Guidelines - Health and Medicine | NBC News Clone | Anxiety Depression Treatment - Health and Medicine | NBC News Clone | Longevity Research - Health and Medicine | NBC News Clone | Diet Trends 2025 - Health and Medicine | NBC News Clone | Workout Routines - Health and Medicine | NBC News Clone | Fda Approvals 2025 - Health and Medicine | NBC News Clone | Ukraine Russia Conflict Updates - World News | NBC News Clone | Israel Palestine War News - World News | NBC News Clone | China Taiwan Tensions - World News | NBC News Clone | Middle East Peace Talks - World News | NBC News Clone | European Union Politics - World News | NBC News Clone | Development News - World News | NBC News Clone | North Korea Missile Test - World News | NBC News Clone | Brazil Election - World News | NBC News Clone | Openai Chatgpt News - Technology and Innovation | NBC News Clone | Google Bard Ai - Technology and Innovation | NBC News Clone | Ai Regulation Laws - Technology and Innovation | NBC News Clone | Tiktok Ban Update - Technology and Innovation | NBC News Clone | Data Breaches 2025 - Technology and Innovation | NBC News Clone | Iphone 16 Release - Technology and Innovation | NBC News Clone | Nasa Mars Mission - Technology and Innovation | NBC News Clone | Web3 Developments - Technology and Innovation | NBC News Clone | 2024 Paris Games Highlights - Sports and Recreation | NBC News Clone | Super Bowl 2025 Preview - Sports and Recreation | NBC News Clone | Nba Playoffs 2025 - Sports and Recreation | NBC News Clone | Champions League Finals - Sports and Recreation | NBC News Clone | World Series 2025 - Sports and Recreation | NBC News Clone | Masters Tournament 2025 - Sports and Recreation | NBC News Clone | Extreme Weather Events - Weather and Climate | NBC News Clone | Hurricane Season 2025 - Weather and Climate | NBC News Clone | Global Warming Report - Weather and Climate | NBC News Clone | Weekly Weather Update - Weather and Climate | NBC News Clone | Earthquake Alerts - Weather and Climate | NBC News Clone | Solar Storm Warning - Weather and Climate | NBC News Clone | Hollywood Updates - Entertainment and Celebrity | NBC News Clone | Oscar Nominations 2025 - Entertainment and Celebrity | NBC News Clone | Grammy Awards 2025 - Entertainment and Celebrity | NBC News Clone | Netflix New Releases - Entertainment and Celebrity | NBC News Clone | Video Game Releases - Entertainment and Celebrity | NBC News Clone | Bestseller List - Entertainment and Celebrity | NBC News Clone | Government Transparency - Investigations and Analysis | NBC News Clone | Political Corruption - Investigations and Analysis | NBC News Clone | Big Tech Monopoly - Investigations and Analysis | NBC News Clone | Data Privacy Scandal - Investigations and Analysis | NBC News Clone | Community Stories - Local News and Communities | NBC News Clone | Nyc Mayor News - Local News and Communities | NBC News Clone | La Wildfires Update - Local News and Communities | NBC News Clone | Hurricane Preparedness - Local News and Communities | NBC News Clone