Richard Sackler Net Worth (Updated 2026).

Richard Sackler, born in 1941, began his career in the pharmaceutical industry at a young age, joining Purdue Pharma, the company founded by his father, Raymond Sackler, in 1961. He started as a researcher, working his way up through various roles, including that of a sales representative, before eventually becoming the president of the company in the 1990s. It was during his tenure as president that Purdue Pharma introduced OxyContin, a powerful painkiller, to the market in 1996. This drug would go on to become one of the most controversial and widely-prescribed opioids in the United States, ultimately making Richard Sackler and Purdue Pharma household names, albeit for reasons that would prove deeply divisive.

Richard Sackler’s Current Net Worth (2025)

As of 2025, Richard Sackler’s current net worth is estimated to be around $1.5 billion, according to Forbes. This significant wealth is largely attributed to his family’s pharmaceutical business, Purdue Pharma.

Richard Sackler’s Career

Richard Sackler, born in 1941, is a former pharmaceutical executive. He served as the co-chairman and president of Purdue Pharma, a company founded by his father, Arthur Sackler. He played a pivotal role in the marketing and sales of OxyContin, a powerful opioid painkiller.

Other Ventures

Beyond Purdue Pharma, Sackler has been involved in various other ventures. He co-founded and served as the chairman of Rhodes Pharmaceuticals, a company focused on developing treatments for pain and inflammation. He also served on the board of directors of several other pharmaceutical companies.

Assets

Sackler’s assets include a significant stake in Purdue Pharma, which has been valued at hundreds of millions of dollars. He also owns properties in various locations, including a mansion in Greenwich, Connecticut, and an apartment in New York City. His art collection, which includes works by Picasso and Matisse, is estimated to be worth tens of millions of dollars.

Annual Income

While specific details about Sackler’s annual income are not publicly available, it’s known that he has received substantial compensation from Purdue Pharma over the years. In 2007, for instance, he was reported to have earned around $30 million. However, his income has likely varied significantly over time and may have been impacted by legal issues surrounding Purdue Pharma.

Frequently Asked Questions about  Richard Sackler

**Frequently Asked Questions: Richard Sackler Net Worth**

1. What is Richard Sackler’s net worth?

Richard Sackler’s net worth is estimated to be around $14 billion.

2. How did Richard Sackler make his fortune?

Richard Sackler is a member of the Sackler family, which founded Purdue Pharma. He served as the company’s president and played a significant role in the development and marketing of OxyContin, a powerful opioid painkiller.

3. What is OxyContin?

OxyContin is a brand-name time-release formulation of oxycodone, a potent opioid painkiller. It was developed and marketed by Purdue Pharma, with Richard Sackler playing a key role in its promotion.

4. What is the Sackler family’s role in the opioid crisis?

The Sackler family and Purdue Pharma have been accused of contributing to the opioid crisis in the United States due to their aggressive marketing of OxyContin. They have faced numerous lawsuits and legal investigations as a result.

5. Has Richard Sackler faced any legal consequences?

Richard Sackler has not faced criminal charges, but he and other family members have been named in various lawsuits related to Purdue Pharma’s marketing of OxyContin. In 2020, Purdue Pharma pleaded guilty to criminal charges and agreed to pay $8.3 billion in penalties.

6. What is Richard Sackler’s involvement with Purdue Pharma today?

Richard Sackler is no longer involved in the day-to-day operations of Purdue Pharma. He stepped down from the company’s board in 2018.

7. How has Richard Sackler responded to the allegations against him and his family?

Richard Sackler has maintained that he acted ethically and that the allegations against him are false. He has stated that he is proud of Purdue Pharma’s role in helping people with chronic pain.

8. What is Richard Sackler’s educational background?

Richard Sackler received his undergraduate degree from Harvard University and his medical degree from Tufts University School of Medicine.

9. Does Richard Sackler have any philanthropic endeavors?

Yes, Richard Sackler and his family have been involved in various philanthropic endeavors, including supporting arts, education, and healthcare initiatives. However, their philanthropy has been the subject of controversy due to the opioid crisis.

10. What is Richard Sackler’s current residence?

Richard Sackler’s current residence is not publicly known.