Dublin Businessman Gareth Sheridan's Wealth Centered on Nutriband Shares, CEO Salary at $150,000

Dublin businessman Gareth Sheridan, seeking a nomination for the presidential election, has a net worth of approximately $16 million through his shares in Florida-based Nutriband, a Nasdaq-listed company. Sheridan is the CEO of Nutriband, which is awaiting FDA approval for a new opioid painkiller patch. The company has an accumulated deficit of $39.8 million and warns that if it fails to obtain FDA approval, it may not be able to continue in business.

Dublin businessman Gareth Sheridan has launched his presidential campaign, seeking a nomination for the Irish presidential election. Sheridan, the CEO of Nutriband, a Nasdaq-listed company, has a net worth of approximately $16 million through his shares in the Florida-based firm [1]. The company is awaiting FDA approval for its new opioid painkiller patch, AVERSA Fentanyl.

Sheridan, who would be the youngest ever presidential candidate if he secures a nomination, has budgeted for a campaign fund of up to €500,000 [1]. His campaign is focused on housing, with a particular emphasis on making Ireland "home again" [1]. Sheridan has stated that he believes people should be able to afford to buy a home in Ireland, which they currently cannot [1].

Sheridan's campaign launch comes amidst controversy surrounding his business partner, Serguei Melnik. Melnik, who has succeeded Sheridan as chief executive of Nutriband, has been linked to a controversial airline privatisation deal in Moldova [1]. Sheridan has stated that he knows "very little" about Melnik's involvement in the deal and that it is "not an issue" in terms of his campaign focus on housing [1].

Sheridan has also accused former Nutriband executive chairman Sean Gallagher and his circle of launching a "coordinated attack" on his character [2]. Gallagher parted ways with Nutriband in 2022 after the company was listed on the Nasdaq [1].

Nutriband is currently facing significant business challenges. The company has an accumulated deficit of $39.8 million and has warned that if it fails to obtain FDA approval for AVERSA Fentanyl, it may not be able to continue in business [3]. Sheridan will temporarily step down as CEO to focus on his presidential campaign, with Melnik assuming his duties for the duration [3].

Sheridan's campaign is set to focus on addressing the housing crisis in Ireland, with a particular emphasis on making housing more affordable. He has stated that he believes people should be able to afford to buy a home in Ireland, which they currently cannot [1].

References:
[1] https://www.irishtimes.com/politics/2025/08/14/gareth-sheridan-plays-down-business-partners-moldovan-airline-controversy-as-not-an-issue-for-election/
[2] https://www.independent.ie/irish-news/presidential-hopeful-gareth-sheridan-claims-there-is-coordinated-attack-on-his-character-by-people-in-sean-gallagher-circle/a383689016.html
[3] https://www.nasdaq.com/articles/nutriband-ceo-steps-down-temporarily-fda-meeting-granted-aversa-fentanyl