Dr. Richard Sackler – former chairman and chairman of the board of family-owned Purdue Pharma, which has been embroiled in a scandal over America’s ongoing opioid crisis for the last several years – is parting with his $30 million fortune, The Post has learned.
Sackler – A member of the billionaire family that Purdue Pharma has been accused of sparking deadly drug epidemic by aggressively selling the painkiller OxyContin and allegedly spearheading efforts to mislead the general public about its risks and addictive power (claims Purdue himself has denied) – he has cleared many homes in recent years amid a slew of lawsuits.
For instance, in 2022, 77-year-old Sackler quietly sold his 8-bedroom, 10-bathroom Boca Raton Florida mansion for $4.88 million, in line with figures obtained by The Post. Spanning over 7,300 square feet, Sackler had purchased the house two years earlier for $3.7 million.
The choice to sell the home comes a month before Purdue Pharma and the Sackler family – who pleaded not guilty – reached a $6 billion settlement with several US states over a lawsuit sparked by the opioid crisis, in which greater than a million Americans died from an overdose since 1999. Under the terms of the deal, the Sacklers were to pay at the very least $5.5 billion in money to fund treatment centers to assist people struggling with opioid addiction. (On the time, the Sackler family said in an announcement that they “sincerely regret” that OxyContin “unexpectedly became a part of the opioid crisis.”)
Along with selling in Florida, Sackler also desires to sell a property on the opposite side of the country.
Sackler has an interest in the Beverly Hills, California complex he helped construct, which is now up on the market for $20 million, records show. It initially hit the market in April 2021 for $25.5 million before being pulled from the market. It later went on sale again in May 2022.
Rayni Williams and Branden Williams of The Beverly Hills Estates hold the auction – and haven’t returned a request for comment.
The 7,000-square-foot property is three stories high and has an open plan. Features include wall-to-wall glass sliders, home theater, custom bar, outdoor kitchen, fireplace lounge, and infinity pool. The fundamental suite has a big balcony, walk-in closet and soaking tub.
Consisting of 4 bedrooms and 6 bathrooms, Sackler and his counterparts purchased the land on which the contemporary home stands in 2019 for $2.5 million.
Sackler’s sale over time also included properties in the south, in line with records. In 2018, he sold his family home in Austin, Texas for over $3 million.
This house was his largest, covering greater than 8,100 square feet with six bedrooms and 6 bathrooms.
Perched atop one in all Austin’s highest points, the home has been described as a “private enclave” – and a retreat that permits for seclusion.
Situated on almost 5 acres of land, the home offers panoramic water and mountain views and is surrounded by greenery. The outdoor spaces include large covered lanais, upper level terraces and a covered dining area and swimming pool as noted in the previous listing.
Fast forward to today, and Sackler has since shrunk to a four-bedroom, seven-bath Boca Raton estate he purchased for $1.71 million in June 2021. The home is 5,300 square feet.
The Post contacted Sackler’s representatives for comment.
Other members of Sackler’s family were also reported to have disposed of their property.
Sackler’s cousin, Mortimer D. A. Sackler, unloaded the sprawling five-story constructing Beaux Arts style townhouse off Fifth Avenue in Latest York for $38 million in 2020, as reported by Page Six.
In 2019, Page Six also reported that top society staples David and Joss Sackler left Latest York escape scandal – leaving his $6.5 million apartment in the Upper East Side for Sunshine State.
But it surely seems they weren’t warmly welcomed in Florida either.
In 2020, Joss sent invitations to Bal Harbor Saks in Miami Beach to introduce the spring collection of her brand LBV. The invitations, which featured a picture of an apparently unconscious and naked man next to a model wearing a jacket and trousers, caused a stir.
“There is an unconscious man in the image!” one distinguished Miami resident described the invitation to The Post. “It’s absurd. This family caused the opioid crisis and so they’re sending out heroin invitations?
At the moment, the representative replied: “The outline is ridiculous. The image can be appropriate for any fashion magazine and is part of a bigger campaign. . . Down [the collection]in which the leitmotif is dressing up for strong women.