Richard Sackler, an American businessman and physician, has a $1 billion net worth. The total worth of the Sackler family ranges between $14 and $15 billion. Richard Sackler is well-known for his role with his family’s pharmaceutical company, Purdue Pharma.
As head of the business that manufactured the painkiller OxyContin, he contributed to the deadly ongoing opioid crisis in the United States, which has killed or injured hundreds of thousands of people. Following the incident, Sackler, his family, and Purdue faced multiple lawsuits and fines.
Who is Richard Sackler?
Richard Sackler was born on March 10, 1945, in Roslyn, New York, to Beverly and Raymond. His father, a businessman and physician, founded the pharmaceutical corporation Purdue Pharma in 1952 with his brothers Arthur and Mortimer. Richard Sackler got his BA from Columbia University and his MD from the New York University School of Medicine.
How old is Richard Sackler?
He is currently 78 years old.
What is Richard Sackler’s net worth?
He is estimated to be worth $1 Billion.
What is Richard Sackler’s career?
Sackler joined the family company Purdue Pharma in 1971, first as an assistant to his father, the president. He quickly rose to the positions of chief of both research and development and marketing.
Sackler was instrumental in the development of the opiate OxyContin, successfully obtaining FDA clearance in 1995 based on the erroneous and unverified assertion that the medicine was less addictive than other painkillers of its type. This was despite the fact that the addictive nature of such opiates had been well-known for decades.
Sackler took over as president of Purdue in 1999. He went on to promote fraudulent and deceptive claims about OxyContin, even enlisting corporate personnel to spread spurious narratives that opioid addiction had nothing to do with the medicine itself. Furthermore, in order to maximize Purdue’s revenues, Sackler pressured pharmaceutical salespeople to encourage doctors to give excessively large doses of the medicine to patients.
In 2003, he became Purdue’s co-chairman and was in charge of the research department and OxyContin development. Sackler directed focused marketing campaigns that increased drug sales to pharmacists, doctors, nurses, and academics.
The Sacklers have been the subject of several films, television series, and books. In 2021 alone, the family was the subject of the two-part HBO documentary “The Crime of the Century,” the book “Empire of Pain: The Secret History of the Sackler Dynasty,” and the Hulu drama “Dopesick,” in which Richard Sackler is played by Michael Stuhlbarg.
The Sacklers also appear heavily in Laura Poitras’ 2022 documentary film “All the Beauty and the Bloodshed,” which follows New York photographer Nan Goldin and her advocacy group P.A.I.N. as they conduct rallies to bring the Sacklers accountable for their actions.
Source: www.ghgossip.com
