Richard Sackler net worth: Richard Sackler is an American businessman who has a net worth of $1 billion. The Sackler family at large is worth $14-15 billion. Richard Sackler was born in March 1945. He is known for being the former chairman and president of Purdue Pharma. That company was purchased by his late father Raymond Sackler who developed OxyContin. The Sacklers have been connected to many lawsuits and fines about the opioid epidemic in the United States. Richard Sackler graduated from Columbia University and the New York University School of Medicine. He joined Purdue Pharma in 1971 and became head of research and development as well as marketing. He became the president of the company in 1999 and became co-chairman in 2003. He was sued by the State of Massachusetts in 2018 for alleging that he and Purdue Pharma misled doctors and patients about the risks of opioid pain medications to boost their sales. In 2019 it was reported that Sackler told his company officials to promote higher doses of prescriptions.