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OxyContin heiress Madeleine Sackler, 36, pays $3million ‘in CASH’ for LA home

 ARTHUR SACKLER

Arthur, a doctor and psychiatrist, founded a research laboratory in 1938, but Arthur’s real genius was in marketing and he leveraged it to sell a number of medications, including the anti-anxiety drug, Valium.

He and his younger brothers Mortimer and Raymond owned a small pharma company called Purdue Frederick that they purchased in 1952. That company produced betadine and earwax.

Arthur remained a relatively silent partner in the old Purdue and died in 1987 before it became the company we know it as today.

He never saw any of Purdue’s OxyContin profits. 

He donated the funds to open a number of medical education programs, libraries and museums.

Arthur was inducted into the Medical Marketing Hall of Fame upon his death in 1987. 

After his death in 1987, his brothers bought Arthur’s portion of the company.

One of his four children, daughter Elizabeth, has largely taken over his philanthropy work.

Arthur and his heirs have had no involvement in Purdue Pharma or with OxyContin.   

MORTIMER SACKLER

Mortimer was an American physician and psychiatrist.

He and his brothers, the older Arthur and the younger Raymond published prolific medical research before buying a number of pharmaceutical companies, including, in 1952, Purdue Frederick.

After Arthur’s death Mortimer and Raymond bought out his descendants’ share of Purdue Frederick, and in 1991 they created the company that would become a pain management giant we now know, Purdue Pharma.

Mortimer became a lavish arts patron, known for equally extravagant donations and parties, beginning in the 1970s.

He died in 2010.

 RAYMOND SACKLER 

Raymond was a doctor like his older brothers, and the three were partners in all things until each of their deaths.   

Together with Mortimer, Raymond found success with their opioid painkiller, OxyContin, which became the Purdue Pharma’s signature drug. 

Raymond was milder and more private than his brother, Mortimer.

Raymond had two children, Richard and Jonathan, before his death last year. 

ILENE SACKLER

Mortimer’s eldest daughter with his first wife.   

She was listed as a director of Purdue’s sister company, UK-based Napp Pharamaceutical Holdings, as of December 2016. 

She lives in an apartment in an iconic Upper West Side which she owns.

Its total value is estimated to be more than $122million. 

KATHE SACKLER 

Kathe is one of the directors of Napp, a UK-based company which also sold OxyContin. 

She owns two suburban properties in Connecticut which are separated by another owned by someone else and she lives in an Upper East Side townhouse with her wife, Susan Shack Sackler.

The house was owned by both Raymond and Mortimer. Their children share it. 

Kathe and Ilene had a brother, Robert, is deceased. 

JONATHAN AND RICHARD SACKLER

 They are Raymond and Beverly’s two sons. 

Jonathan and his wife live in Greenwich, Connecticut, in a property next to his mother’s. Richard ‘s former family home is not far away in neighboring Stamford. 

They have a cancer research center named after them at Yale and have both held positions at Purdue.

Read more at DailyMail.co.uk


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