Martin Shkreli is thought to have paid £1.3m ($2m) for 31-track record Once Upon a Time in Shaolin in May yet he has still not listened to it
The “morally bankrupt” boss of a drugs company who hiked the cost of an AIDS drug by more than 5,000% overnight has splashed out more than £1m on a one-off rap record.
Investment banker Martin Shkreli, 32, has been revealed as the buyer of the single edition album by hip-hop group Wu-Tang Clan.
He is thought to have paid £1.3m ($2m) for the 31-track record in May yet still not listened to it.
The band said they were creating “a piece of art like nobody else has done in the history of music” when they released the record for sale to the highest bidder.
Once dubbed the ‘most hated man in America’, Shkreli bought the rights to AIDSdrug Daraprim in August for £35.5 million then changed the price of each pill from £8.70 per tablet to £484, a 5,500% rocket.
The hedge fund manager was blasted as a “morally bankrupt sociopath” and a “scumbag” when news of the price rise came out.
On finding out who had bought their album, Wu-Tang Clan said in a statement: “The sale of Once Upon a Time in Shaolin was agreed upon in May, well before Martin Shkreli’s business practices came to light.
“We have decided to give a significant portion of the proceeds to charity.”
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