Age, Biography and Wiki

Richard Sackler (Richard Stephen Sackler) was born on 10 March, 1945 in Roslyn, New York, US, is an American billionaire (born 1945). Discover Richard Sackler's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 79 years old?

Popular As Richard Stephen Sackler
Occupation Businessman
Age 79 years old
Zodiac Sign Pisces
Born 10 March, 1945
Birthday 10 March
Birthplace Roslyn, New York, US
Nationality United States

We recommend you to check the complete list of Famous People born on 10 March. He is a member of famous Former with the age 79 years old group.

Richard Sackler Height, Weight & Measurements

At 79 years old, Richard Sackler height not available right now. We will update Richard Sackler's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
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Who Is Richard Sackler's Wife?

His wife is Beth Sackler (divorced)

Family
Parents Not Available
Wife Beth Sackler (divorced)
Sibling Not Available
Children 3

Richard Sackler Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Richard Sackler worth at the age of 79 years old? Richard Sackler’s income source is mostly from being a successful Former. He is from United States. We have estimated Richard Sackler's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Former

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Timeline

1945

Richard Stephen Sackler (born March 10, 1945) is an American billionaire businessman and physician who was the chairman and president of Purdue Pharma, a former company best known as the developer of OxyContin, whose connection to the opioid epidemic in the United States was the subject of multiple lawsuits and fines, and that filed for bankruptcy in 2019.

It has been claimed that Richard Sackler's Purdue is among ”the worst drug dealers in history” and the Sackler family have been described as the "most evil family in America".

The company's downfall was the subject of the 2021 Hulu series Dopesick and the 2023 Netflix series Painkiller.

Sackler was born in 1945 in Roslyn, New York, the son of Beverly (Feldman) and Raymond Sackler.

He received a bachelor's degree from Columbia College, followed by an MD degree from the New York University School of Medicine.

1971

Sackler joined Purdue Pharma in 1971, as assistant to his father, the company's president.

He became head of research and development and head of marketing.

1990

Sackler was a key figure in the development of Oxycontin, being the moving force behind Purdue Pharma's research around 1990 that pushed Oxycontin to replace MS Contin that was about to have generic competition.

Sackler also worked to enlist Russell Portenoy and J. David Haddox into working within the medical community to push a new narrative claiming that opioids were not highly addictive.

1995

In pushing Oxycontin through to FDA approval in 1995, Sackler managed to get the FDA to approve a claim that Oxycontin was less addictive than other pain killers, although no studies on how addictive it was or how likely it was to be abused had been conducted as part of the approval process.

The addictive nature of opiates has been known for several decades.

1999

Sackler became president in 1999.

2001

In 2001, he issued an email to employees of the company urging them to push a narrative that addiction to Oxycontin was caused by the "criminal" addicts who had the addiction, and not caused by anything in the drug itself.

Sackler also urged pharmaceutical representatives to urge doctors to prescribe as high doses as possible to increase the company profits.

2003

He was made co-chairman in 2003.

Sackler was in charge of the research department that developed OxyContin.

As president, he approved the targeted marketing schemes to promote sales of OxyContin to doctors, pharmacists, nurses, academics, and others.

Shelby Sherman, an ex-Purdue sales rep, has called these marketing schemes "graft".

2008

In 2008, Sackler, with the knowledge of Mortimer Sackler and Jonathan Sackler, made Purdue Pharma measure its "performance" in proportion to not only the number but also the strength of the doses it sold, despite allegedly knowing that sustained high doses of OxyContin risked serious side effects, including addiction.

2013

Since 2013, he has lived outside Austin, Texas.

Sackler was portrayed by Michael Stuhlbarg in the 2021 Hulu series Dopesick.

Matthew Broderick portrays Sackler in the Netflix limited series Painkiller, which premiered on August 10, 2023.

2015

In 2015, Sackler was deposed by four lawyers in Louisville, Kentucky.

The deposition concerned the development and marketing of OxyContin under his watch and that of his family, who were and are active board members of their private company, Purdue Pharma.

The marketing and prescribing of OxyContin in Pike County, Kentucky, was of particular interest.

Before the case could go to trial and thus before the deposition could become a matter of public record, Purdue settled for $24 million, admitting no liability, sealing the deposition, and requiring the Kentucky prosecutors to destroy, or return to Purdue, millions of pages of internal documents obtained from the company during discovery.

The medical news website STAT then sued to unseal Richard Sackler's deposition.

A state judge ruled in its favor.

Purdue appealed, but the deposition was later made public.

2018

In 2018, the State of Massachusetts sued Richard Sackler, Purdue Pharma, and 15 other Purdue Pharma executives and Sackler family members alleging they misled doctors and patients about the risks of its opioid-based pain medications in order to boost sales and to keep patients away from safer alternatives.

Richard Sackler wrote, "We have to hammer on the abusers in every way possible. They are the culprits and the problem. They are the reckless criminals," in an email regarding the Massachusetts court filing.

2019

In January 2019, The New York Times confirmed that Sackler told company officials in 2008 to "measure our performance by Rx’s by strength, giving higher measures to higher strengths."

This was verified again with legally obtained documents tied to a new lawsuit, which was filed in June by the Massachusetts attorney general, Maura Healey, and claims that Purdue Pharma and members of the Sackler family knew that putting patients on high dosages of OxyContin for long periods increased the risks of serious side effects, including addiction.

Nonetheless, they promoted higher dosages because stronger pain pills brought the company and the Sacklers the most profit, the lawsuit has charged.

In addition, on February 1, 2019, unredacted documents were released by AG Healey showing the Sacklers were directing doctors to over-prescribe the drug and encourage medicating strategy under the code name "Region Zero", that details a list of doctors who prescribed inordinately large amounts of Oxycontin for no true medical reason, but rather for the directly related profit of the Sackler family.

Sackler was married to Beth Sackler but is now divorced; they have three children: Rebecca, Marianna, and David.

They have a charitable foundation, the Richard and Beth Sackler Foundation.