The Sackler family has given millions of dollars to make the world a better place; they've sponsored professorships, provided medical school scholarships, started philanthropic foundations, given countless grants and donations to museums and universities around the world and so forth. There are whole departments and wings bearing the Sackler name, and with good reason. The "dynasty" was started by three brothers, Raymond, Mortimer and Arthur, all of whom were doctors. They bought a pharmaceutical firm known as Purdue Pharma in 1952. Fast forward to 2017, and the Sackler family is one of the richest in the world. How can that be explained? Purdue manufactures painkillers such as hydromorphone, oxycodone, fentanyl, codeine and hydrocodone. So, the Sackler family has used its massive wealth to make the world a better place, yes, but at what cost?
The wealth of the Sackler family. The Sackler family has a combined estimated wealth of over $13 billion, according to Forbes. That makes them one of the richest families in the world.
Amassing a fortune. While the elder Sacklers were successful, the family didn't really earn its fortune until recently. That is largely due in part to Purdue Pharma's crown jewel: OxyContin.
The largest fine in pharmaceutical history. Purdue Pharma paid the largest fine in pharmaceutical history due to deceptive marketing practices in connection with OxyContin. The company is accused of misrepresenting the extended-release medication; promising providers and patients that each tablet would provide 12 hours of uninterrupted pain relief.