Even Without Purdue Pharma, Sackler Family Is Worth $13 Billion

March 5, 2019, 9:19 PM UTC

For all of the troubles swirling around Purdue Pharma LP, the family that founded the maker of OxyContin is still worth $13 billion.

Purdue faces hundreds of lawsuits over its role in the U.S. opioid epidemic, which could expose it to billions of dollars in liabilities. The company has hired advisers to prepare for a potential bankruptcy filing, Reuters and the Wall Street Journal reported March 5.

The drugmaker is the foundation of one of America’s largest family fortunes, but it’s no longer central to the Sackler family’s wealth. The $13 billion valuation by the Bloomberg Billionaires Index excludes the ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.