Purdue’s Richard Sackler is parting with a $30 million fortune

Dr. Richard Sackler — former chairman and board chairman of troubled family-owned Purdue Pharma, which has spent the past several years embroiled in scandal surrounding America’s ongoing opioid crisis — is partnering with a $30 million fortune , Post has learned .

Sackler – a member of the billionaire family whose Purdue Pharma was accused of sparking deadly drug epidemic By aggressively marketing the painkiller OxyContin and allegedly directing efforts to mislead the public about its risks and addictive power (claims Purdue itself denies) – Recent years I have cleaned many houses among many lawsuits,

For example, in 2022, Sackler, 77, secretly sold his eight-bedroom, 10-bathroom Boca Raton, Florida estate for $4.88 million, a record obtained by The Post shows. Spread over 7,300 square feet, Sackler bought the home two years ago for $3.7 million.

The move to sell the house came a month before Purdue Pharma and the Sackler family — which did not agree iniquity – reached $6 billion settlement over a lawsuit brought with several US states over the opioid crisis, during which more than 1 million Americans have died of overdoses since 1999. Under the terms of that deal, the Sacklers were to pay at least $5.5 billion in cash that was to be used to fund treatment centers to help those with opioid-addiction struggles. (At the time, the Sackler family said in a statement that they were “deeply sorry” that OxyContin “unexpectedly became part of an opioid crisis.”)

Richard Sackler has unloaded several real estate properties over the past five years as lawsuits against Purdue Pharma escalated.
Richard Sackler offloaded several real estate properties over the past five years as lawsuits against Purdue Pharma escalated.

Beyond that Florida sale, Sackler is also looking to sell property on the other side of the country.

Sackler has a stake in the Beverly Hills, California complex, which he helped develop, which is currently on sale for $20 million, records show. It debuted on the market in April 2021 for $25.5 million before being taken off the market. It later resurfaced for sale in May 2022.

Renee Williams and Branden Williams with Beverly Hills Estates hold the listing — and did not return a request seeking comment.

Spread over 7,000 sq ft, the property has three floors and an open floor plan. Amenities include wall-to-wall glass sliders, a home theater, a custom bar, an outdoor kitchen, a fire pit lounge, and an infinity pool. The primary suite includes a large balcony, a walk-in closet, and a soaking tub.

Composed of four bedrooms and six bathrooms, Sackler and his partners purchased the land on which the contemporary home stands in 2019 for $2.5 million.

Sackler’s sales over the years also include properties located further south, according to records. In 2018, he sold his family home in Austin, Texas for over $3 million.

That house was her largest—occupying more than 8,100 square feet, and was made up of six bedrooms and six bathrooms.

Perched atop one of the highest points in Austin, the home is described as a “private enclave”—and a retreat that allows for seclusion.

Situated on approximately 5 acres of land, the home boasts panoramic water and mountain views, and is surrounded by lush greenery. Outdoor spaces include a large covered lanai, upper-level terraces and a covered dining area, and a pool, mentioned in a previous listing.

Fast forward to today, and Sackler has downsized the four-bedroom, seven-bathroom Boca Raton estate, which he purchased in June 2021 for $1.71 million. The house is spread over 5,300 sq ft.

Richard Sackler is now living in this four-bedroom, seven-bathroom home he bought for $1.71 million.
Richard Sackler is now living in this four-bedroom, seven-bathroom home he bought for $1.71 million.

The Post has contacted Sackler’s rep for comment.

According to reports, other members of Sackler’s family are also getting rid of the property.

Sackler’s cousin, Mortimer D.A. Sackler, commissioned a massive five-story Beaux Arts-Style Townhouse From New York’s Fifth Avenue for $38 million in 2020, Page Six reports.

In 2019, Page Six also reported that high-society staples David and Joss Sackler left new york Leaving his $6.5 million Upper East Side apartment for the Sunshine State—to avoid scams.

But it seems he was not greeted warmly down in florida one of two.

In 2020, Joss sent an invitation to Bal Harbor Saks in Miami Beach to present the spring collection of her LBV brand. The invitation, which featured an image of a man posing topless and seemingly unconscious next to a female model wearing a blazer and pants, caused a stir.

“A man passed out in the picture!” A well-known Miami resident described the invitation to The Post. “This is absurd. That family caused the opioid crisis, and she sends out heroin-chic invitations?

At the time, a representative replied, “This description is ridiculous. The image would be appropriate for any high fashion magazine and is part of a larger campaign for . . . [the collection]The theme is power-dressing for strong women.

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