What is the net worth of the Sackler family in 2023?
The Sacklers are an American business family that created and owns the pharmaceutical businesses Purdue Pharma and Mundipharma. They've been called the "most evil family in America" and the "worst drug dealers in history." Arthur, Mortimer, and Raymond Sackler are three Galician and Polish
children who attended medical school and worked together at the Creedmoor Psychiatric Center in Queens. Arthur, the family patriarch, purchased a modest pharmaceutical company, Purdue-Frederick, in 1952. His estate sold his option on one-third of Purdue-Frederick to his two brothers,
who turned it into Purdue Pharma after he died in 1987. In 2023, the Sackler family's net worth is estimated to be around $10.8 billion. Following the litigation, the Sacklers have not admitted wrongdoing but have proposed $10 to $12 billion in compensation.
Purdue Pharma filed for bankruptcy in September 2019 as part of the settlement; it would be turned into a public benefit corporation. The Sacklers have also agreed to contribute $3 billion to the settlement, which would benefit people affected by the opioid crisis.