Business tycoon Richard Sackler has always been in the news whether it is his personal life, his company, his business, or anything else. However, in this post, we shall see how much Richard Sackler earns. Richard is now 78 years old and lives his life away from the limelight. He has taken enough in his early days.
Richard’s life was one hell of a journey and seeing that many film makers wanted to show the world his life. So, a series named “Dopesick” was released in 2021 on Hulu. Leading the cast was Michael Stuhlbarg portraying Richard Sackler alongside Kaitlyn Dever and Michael Keaton.
Another series made was Painkiller, a Netflix Original, starring Matthew Broderick as Sackler and it also included West Duchovny and Taylor Kitsch. It was recently released on August 10, 2023. Richard was born in Beverly and Raymond Sackler, a rich family in Roslyn, New York.
His company Purdue Pharma was one of the tops of its time, however, it has faced so many ups and downs. The entire Sackler family is very active professionally and has a great lineage of success. So, without any ado, let’s see Richard Sackler’s net worth.
Who Is Richard Sackler?
Born on March 10, 1945, Richard Stephen Sackler is a physician as well as a businessman from Roslyn in New York, US. He owned Purdue Pharma and the company was known as the developer of OxyContin. However, the company was so much in talks considering its dealership and work.
Sackler did his graduation from Columbia University and further did further education at New York University. Beth Sackler is Richard Sackler’s ex-wife and both of them share three children named Rebecca, David, and Marianna. They together also have a foundation called Richard and Beth Sackler Foundation.
Further, as per reports Richard lives in his mansion in Boca Raton, Florida worth $1.7 million. It is also heard that he plans to spend his entire old age there only. He is also planning for his retirement and for that he’s heard to be selling so many of his assets.
Richard Sackler Net Worth
Richard Sackler was born into quite a privileged family, his father was a very successful businessman, and the legacy continued as he also had a very successful career in the field of business. However, Richard Sackler’s estimated net worth is $1.1 billion which is a whopping number.
Purdue Pharma was founded by Richard’s father and he further led the company and took it to great heights. He is also thought to have an amazing portfolio of investments. The family is known to make so many donations for various art and medical causes.
The Sackler Family
What’s more interesting is the entire wealth of the Sackler family and it’s thought to be around $11 billion which is massive. As stated above, he also owns a mansion worth $1.7 million. It was in 2018 when Richard sold his property worth $30 million.
The original Sackler brothers Arthur, Raymond, and Mortimer began their careers as very successful doctors. It was Arthur who thought beyond just being a doctor and began his career in pharmaceutical marketing.
About Purdue Pharma
The company was founded by John Purdue Gray in 1892. However, since then the descendants of Mortimer and Raymond Sackler further held the power of control for the company. Further, Richard led the head of research and development, and that wasn’t it. He also took control of the company’s marketing.
It was he who primarily was responsible for the development of OxyContin. He claimed that this painkiller was less sedative than others present in the market. However, there was no data that proved this claim but it got FDA approval in 1995. It was a great milestone for Purdue Pharma.
Further, in 2022, Richard, Theresa, and David Sackler, also attended a virtual conference meeting where opioid survivors and many others could question the OxyContin family but they were dragged into the opioid crisis.
However, they needed to give a heavy settlement for the cause as asked by the court. Thus, this completes our information regarding Richard Sackler’s net worth.
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