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Billionaire and former Purdue Pharma chairman Richard Sackler is set to sell a third luxury property after the company has been hit by a series of lawsuits over the opioid crisis.
Sackler, 77, has put his Beverly Hills mansion on the market for just under $20 million. The Angelo View Drive home is a three-story, four-bedroom, six-bathroom home with incredible views of the rolling hills.
It is the third property it has put on the market as Purdue Pharma continues to be blamed for starting the US opioid crisis. The family, estimated to be worth up to $15 billion, has denied any wrongdoing.
Sackler also sold his Cicero Lane home in Austin, Texas, in 2018 for more than $3 million and a Princeton Place mansion in Boca Raton, Florida, in 2022 for $4.88 million.
The Sackler family, estimated to be worth up to $15 billion, has denied any wrongdoing in connection with the opioid crisis (in photo: FRONT: Raymond Sackler, Beverly Sackler, Thomas, BACK: Thomas Lynch, Richard Sackler, Jonathan, Sackler and Dean Roberto Alpern)
The sale of the Florida home came shortly after Purdue Pharma reached a $6 billion settlement with several US states over the opioid crisis after more than 1 million Americans died from overdoses since 1999. $5.5 million of the settlement went to fund treatment centers for addicts, according to the New York Post.
At the time of the settlement, the powerful family said they were “sincerely sorry” that their pain reliever OxyContin “unexpectedly became part of an opioid crisis.”
Richard and his wife currently live in another Boca Raton home, which they purchased for $1.71 million in June 2021.
Sackler’s Beverly Hills mansion is currently on the market for $19,995,000
It initially went on the market for $25.5 million in April, before being withdrawn. It was later put back on the market for $20 million in May 2022.
Sackler has an interest where the mansion is located, having helped develop the property.
It initially went on the market for $25.5 million in April, before being withdrawn. It was later put back on the market for $20 million in May 2022, the New York Post reported.
The 7,000-square-foot space has a modern feel with an open floor plan and unique structural design.
It features floor-to-ceiling windows, an outdoor seating area with a pool, and a large fireplace in the living room.
The house also has a theater, a bar, and unobstructed views of Beverly Hills.
The master suite has its own balcony, walk-in closet and a soaking tub for living the big life right at home and is surrounded by retractable doors.
The 7,000-square-foot space has a modern feel with an open floor plan and unique structural design.
Owners will be able to enjoy the views of the hills directly from their bed or from the private balcony. The main wall of the room also has green granite and wooden slates, making the room feel warm and relaxing.
The bathroom has beautiful walls of glass, a tub located right by the windows, and a large vanity. It also has a glass shower.
Another bedroom also has retractable doors leading to a patio with a large piece of art adorning the wall opposite the bed.
That room also features a glass shower with a dark interior and plenty of storage under the vanity.
A third bedroom also has access to the patio area and features a similar layout to the second room.
The large backyard has plenty of seating and also has a fireplace.
The living room, dining room, and kitchen are connected through an open concept on the main floor.
Sackler dumped a Boca Raton property in 2022 for $4.88 million
The Spanish-style house, located on Princeton Place, has lots of bright green trees and plants are scattered around the house and property.
The Spanish-style home, located on Princeton Place, features an arched entryway and two large trees in front of the home for maximum privacy.
Serenity seems to be the mainstay of the house, as many bright green trees and plants are scattered around the house and property, complementing the off-white exterior and dim lighting.
Each room in the eight-bedroom, 9.5-bathroom home has its own unique shape, with most failing to stick to the normal square or rectangular shapes.
The living room has a large vaulted floor-to-ceiling window and two other small windows near the ceiling. the room is decorated with pieces of fine art and a chandelier.
The kitchen matches a similar style to the living room with light gray walls and lots of natural light. It also provides ample prep space, plenty of cabinets, and plenty of room to move freely. The stove is located in the center of the almost circular room with a hood hanging over the top. The extra oven space is located in the rear and the refrigerator is hidden behind cabinet-style doors.
Other parts of the house feature dark wood and give off a more serious vibe, like one of the studios that features dark red furniture and dark accessories.
The billionaire sold his Austin home in 2018 for more than $3 million
Billionaire and former chairman of Purdue Pharma, Richard Sackler’s former home in Austin, Texas, which he sold for more than $3 million in 2018
His former home in Austin sits on one of the highest points in the city and has been described as a “private enclave.”
The house is surrounded by lots of greenery to offer the perfect secluded space and also has beautiful views of the mountains.
Much of the house is decorated in muted tones and has a homey feel.
Like the other two properties, the house has high ceilings, lots of natural light and wooden floors.
The house also has an L-shaped pool with beautiful views of the mountains and plenty of seating spaces.
One of the bedrooms has sliding doors to a balcony and windows near the ceiling. The tone of the room is warmed by the use of wooden ceiling beams surrounding the alcove lighting.
The kitchen has granite counter tops, a small candle chandelier and a great area for cooking.