The complaint states that the Sacklers labeled people hurt by opioids as "junkies" and "criminals" while at the same time directing most of their marketing efforts to sales of the addictive pill. America may not be home to any rich royal families, but that doesn't mean some families haven't created their own sort of empire. He and his son, John Jr., donated more than $1 billion in philanthropic efforts. Submit a correction suggestion and help us fix it! The lawsuit claims that the Sackler family directly led the efforts to boost sales of OxyContin as well as to find a way to profit off the people addicted to opioids and other drugs. The Marshall family's wealth is diversified. The company has hired advisers to prepare for a potential bankruptcy filing, Reuters and the Wall Street Journal reported Monday. Gina Gallo and her husband Jean-Charles Boisset. They then diversified the money. An estimated 20 Sackler heirs share the $14 billion fortune. The family reportedly keeps 80% of Cargill Inc.'s net income inside the company for reinvestment annually. Truett's sons, Dan Cathy and Don "Bubba" Cathy, run the company as CEO and executive vice president, respectively — they each have a reported net worth of $5.5 billion, according to the Forbes 400. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider The Sacklers are one of the 20 wealthiest US families, worth around $14bn, according to Forbes. For all of the troubles swirling around Purdue Pharma LP, the family that founded the maker of OxyContin is still worth $13 billion, according to estimates by Bloomberg. One doctor wrote an additional 167 prescriptions for OxyContin after a sales rep made additional visits to their practice. Source of wealth: Enterprise Products Partners. By making the producing arguably the most addictive and controversial drug of this century — OxyContin. Brothers Ernest and Julio Gallo founded the world's largest winemaker in Modesto, California. The Koch family. Leonard donated $1 billion worth of paintings and sculptures to the Met. Visit Business Insider's homepage for more stories. Jacqueline and John Mars inherited a stake in the candy empire Mars Inc., which invented M&Ms, Milky Way, and Mars Bars, when their father passed away in 1999. OxyContin heiress Madeleine Sackler, 36, pays $3million 'in CASH' for stunning LA home with a maid's quarters - as another member of the Purdue Pharma family flees New York amid the … The richest newcomer to Forbes 2015 list of America’s Richest Families comes in at a stunning $14 billion. as well as other partner offers and accept our. They could reap payouts worth up to $1 billion. The scale of the clan’s fortune is visible in museums worldwide, including New York’s Metropolitan Museum of Art and London’s Victoria and Albert Museum, both beneficiaries of lavish donations from Sackler family members. An estimated 25 family members own more than half of Brown-Forman Corp., which began with pharmaceuticals salesman George Garvin Brown in 1870. Jonathan's family's wealth is managed by Kokino, LLC, has stakes in tech and oil companies. The family also owns a lot of real estate. None of the Sacklers have personally been charged in the many lawsuits against Purdue Pharma. The Lauders are active philanthropists, and sons Leonard and Ronald are major art collectors. Source of wealth: Koch Industries. Deceased AstraZeneca Trial Volunteer Didn’t Receive Vaccine, Banks Lead U.S. Stocks Higher With Yields Climbing: Markets Wrap, Maxwell Denied Recruiting Girls in Newly Unsealed Testimony, Huawei Outhustles Trump by Stockpiling Chips Needed for China 5G, Hospitals Across the U.S. Are Crammed With Covid-19 Patients. The Sackler family is the billionaire clan that owns Purdue Pharma, maker of the highly-addictive opioid painkiller OxyContin. Their net worth calculation includes previous payments from Purdue -- court filings show the family made more than $4 billion from OxyContin sales from 2008 through 2015 -- as well other businesses they’ve built up over the years. How did the Sackler family amass such a fortune? Richard Sackler net worth: Richard Sackler is an American businessman who has a net worth of $1 billion. The 277-page complaint offers the public the clearest picture yet of how the Sacklers and Purdue Pharma are responsible for the deaths and disruption caused by the skyrocketing opioid addiction crisis. Even Without Oxycotin Maker Purdue Pharma, The Sackler Family Is Worth Billions, Billionaire Oxycontin Makers Reportedly Preparing Company For Bankruptcy, How The Billionaire Sackler Family Allegedly Moved Their Opioid Money Around To Preserve Fortune In Midst Of Lawsuits, Billionaire Sackler Family, Makers Of OxyContin, Offer To Settle 2,000+ Lawsuits Against Their Company, Purdue Pharma, Lawsuits Mount Against Purdue Pharma And The Billionaire Family Responsible For OxyContin, OxyContin Makers Found To Have Taken $4.1 Billion In Payouts From Purdue Pharma As Opioid Crisis Was Developing, Purdue Pharma Collapses Under Weight Of OxyContin Lawsuits, Files For Chapter 11 Bankruptcy, Meet The Family That Built Their $14 Billion Fortune On OxyContin, OxyContin Heir Buys Bel Air Mansion For $22.5 Million IN CASH. Eight members of the family, who served on the board or as executives, are named in the lawsuit. Hundreds of lawsuits have been filed against Purdue for its role in creating the opioid crisis. Currently, a civil lawsuit by the state of Kentucky could reportedly yield damages in excess of $1 billion. His sons, Daniel, Robert, and Dirk, grow their inheritance through Ziff Brothers Investments and reportedly invest some of their billions with managers who use to work at their hedge funds. Diamond Sports Bonds Slide After Hulu Drops Sinclair’s Netwo... Ares Weighs Sale of Iconic Paint Maker Farrow & Ball, Iran Targeted by U.S. Over Threats Against Democratic Voters, The U.S.-China Conflict Over Chips Is About to Get Uglier. They are largely accused of lighting the fire that started the opioid crisis. The four brothers received $5.6 billion in stock after selling their oil company to ExxonMobil in 2017. Following his death, Mortimer and Raymond picked up their late brother's ambition and took Purdue Pharma into a new arena – pain medications. There was a newcomer to this year's list of America's Richest Families. In 2007, Purdue pled guilty to false marketing charges to the Department of Justice and paid $635 million in fines. Account active The Sackler family has a deep philanthropic bent as well. They've given large donations to the Metropolitan Museum of Art, the Guggenheim, the Tate Gallery, the Smithsonian, and the Louvre. The Sackler family, with an estimated net worth of $14 billion, largely flew under the radar and had supplanted storied families such as the Rockefellers, Mellons and Busches.

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