Sackler family (2024)

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About Sackler family

  • The Sacklers are the owners of Purdue Pharma, a pharmaceutical company whose main drug is Oxycontin, an opioid.
  • Nearly all 50 states have filed lawsuits against Purdue and Sackler family members for their alleged roles in the opioid crisis.
  • In response to the lawsuits, the Sacklers have not admitted to wrongdoing, but have proposed an $10 to $12 billion settlement.
  • As part of the settlement, Purdue Pharma filed for bankruptcy in Sept. 2019; it will be transformed into a public benefit corporation.
  • The Sackler family will also sell its U.K.-based subsidiary, Mundipharma. Proceeds from the sale will go towards the settlement.
  • The Sacklers have also agreed to personally pay $3 billion towards the settlement, which will go to individuals affected by the opioid crisis.
  • In Oct. 2020, Purdue Pharma pled guilty to criminal charges brought by the Department of Justice concerning its marketing of OxyContin.
  • As part of the 2020 settlement, the Sacklers paid $225 million to the Department of Justice, in relation to their alleged role in the opioid crisis.

Wealth History

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Forbes Lists

#30

Personal Stats

Fortune Founded
1952
Source of Wealth
pain medicines
Company Headquarters
Stamford, Connecticut

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Sackler family (1)

Connecticut

Resides in Connecticut

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