Richard Sackler Net Worth in 2023:Biography, Age
Richard Sackler Net Worth in 2023:Biography, Age
American businessman Richard Sackler served as co-chairman of Purdue Pharma, which produces the opioid drug OxyContin.
Mortimer Sackler, a co-founder of Purdue Pharma in 1952, is the man’s father.
Sackler was born in Brooklyn, New York, in 1945. He graduated from Cornell University with a bachelor’s degree and the New York University School of Medicine with a medical degree.After completing his residency in psychiatry, Sackler worked as a psychiatrist for a brief period of time before joining Purdue Pharma in 1971.
Sackler was essential to the creation and promotion of OxyContin at Purdue Pharma.
The Food and Drug Administration (FDA) originally authorised OxyContin, a long-acting opioid painkiller, in 1996.
OxyContin was extensively promoted by Purdue Pharma as a secure and efficient treatment for persistent pain.
However, OxyContin soon became a significant factor in the American opioid epidemic.
Thousands of overdose deaths have been attributed to the substance, which has a high rate of addiction.
Richard Sackler’s Net Worth in 2023
Despite the controversy surrounding him, Richard Sackler is still a very wealthy man. His net worth in 2023 is estimated to be $1.1 billion.
Richard Sackler’s Net Worth Growth
| Year | Net Worth |
|---|---|
| 2020 | $1.2 billion |
| 2021 | $1.1 billion |
| 2022 | $1.1 billion |
| 2023 | $1.1 billion |
Who Is Richard Sackler?
Richard Sackler is a complex and controversial person.
He is a successful businessman who made his fortune by selling deadly drugs.
He has also been accused of putting private interests ahead of national security.
Richard Sackler’s Biography
| Name | Richard Sackler |
|---|---|
| Date of Birth | March 10, 1945 |
| Place of Birth | Brooklyn, New York, USA |
| Nationality | American |
| Occupation | Businessman |
| Net Worth (2023) | $1.1 billion |
The Sackler family is a Jewish-American family that has made a significant fortune in the pharmaceutical industry. The family is most closely associated with Purdue Pharma, the manufacturer of the opioid painkiller OxyContin.
The Sackler family patriarch is Mortimer Sackler, who co-founded Purdue Pharma in 1952 with his brothers Arthur and Raymond. Mortimer Sackler was a physician and psychiatrist who was also a major philanthropist. He donated millions of dollars to museums, universities, and other cultural institutions around the world.
Richard Sackler’s Career
Richard Sackler began his career as a psychiatrist.
He joined Purdue Pharma in 1971 and played a key role in the development and marketing of OxyContin.
Sackler was the co-chairman of Purdue Pharma from 1999 to 2018. He left the business when it was accused by many states for contributing to the drug crisis.
In 2020, Purdue Pharma filed for bankruptcy. The company reached a $6 billion settlement with state attorneys general in 2022. The settlement money will be used to fund programs to address the opioid epidemic.
Where is Richard Sackler now?
According to Esquire, Richard now lives in a $1.7 million house in Boca Raton, Florida.
Who is Richard Sackler?
Richard Sackler is an American businessman who was the co-chairman of Purdue Pharma, the manufacturer of the opioid painkiller OxyContin. He is the son of Mortimer Sackler, who co-founded Purdue Pharma in 1952.
What is Richard Sackler’s role in the opioid epidemic?
Richard Sackler played a key role in the development and marketing of OxyContin. Purdue Pharma aggressively marketed OxyContin as being a safe and effective treatment for chronic pain, despite knowing about the risks of addiction and overdose.
Is Richard Sackler still rich?
Yes, Richard Sackler is still very wealthy. His net worth is estimated to be $1.1 billion as of 2023.
How much did the Sackler family have to pay ?
The Sackler family agreed to pay $6 billion in 2022 to settle lawsuits with state attorneys general over their role in the opioid epidemic. The settlement money will be used to fund programs to address the opioid epidemic.
