Richard Sackler to sell a third luxury property for $20M as Purdue Pharma is hit with lawsuits

Billionaire and former president of Purdue Pharma, Richard Sackler, is set up to sell a third luxury property after the company has been hit with a slew of lawsuits over the opioid crisis. 

Sackler, 77, has put his Beverly Hills mansion on the market for just shy of $20million. The Angelo View Drive home is a three-story four-bed, six-bath home with incredible views of the hills. 

It’s the third property he has put on the market as Purdue Pharma continues to be blamed for starting the opioid crisis in the US.  The family, estimated to be worth up to $15billion, has denied all wrongdoing. 

Sackler has also offloaded his Cicero Lane home in Austin, Texas, in 2018 for more than $3million and a Princeton Place mansion in Boca Raton, Florida, in 2022 for $4.88million. 

The Sackler family, who are estimated to be worth up to $15billion, have denied any wrongdoing  involving the opioid crisis (pictured: FRONT: Raymond Sackler, Beverly Sackler, Thomas, BACK: Thomas Lynch, Richard Sackler, Jonathan, Sackler, and Dean Robert Alpern)

The sale of the Florida home came shortly after Purdue Pharma reached a $6billion settlement with several US states about the opioid crisis after more than 1million Americans died from overdoses since 1999. $5.5million of the settlement went toward funding treatment centers for addicts, according to the New York Post. 

At the time of the settlement, the high-powered family said they ‘sincerely regret’ that their painkiller OxyContin ‘unexpectedly became part of an opioid crisis.’ 

Richard currently lives in another Boca Raton home, which he purchased for $1.71million in June 2021.  

Sackler’s Beverly Hills mansion is currently on the market for $19,995,000

It initially hit the market for $25.5million in April, before it was pulled. It later placed back on the market for $20million in May 2022

Sackler holds a stake where the mansion is located, as he helped developed the property. 

It initially hit the market for $25.5million in April, before it was pulled. It later placed back on the market for $20million in May 2022, the New York Post reported. 

The 7,000-square-foot space has a modern feel to it with an open floor plan and a unique structural design. 

It features floor-to-ceiling windows, an outdoor lounge area with a pool, and a large fireplace in the living room. 

The home 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 to live the high life right at home and is surrounded by retractable doors. 

The 7,000-square-foot space has a modern feel to it with an open floor plan and a unique structural design.

Homeowners would be able to enjoy the views of the hills straight from their bed or from the private balcony. The main wall in the room also has green granite and wooden slates, leaving the room feeling warm and relaxing. 

The bathroom features beautiful glass walls, a tub located right next to the windows, and a large vanity. It also has a glass shower. 

Another bedroom also has retractable doors that lead out to a patio area with a large art piece adorning the wall across from the bed. 

That room also features a glass shower with a dark interior and plenty of storage space beneath the vanity. 

A third bedroom also has access to the patio area and features a similar design to the second room. 

The large back patio has plenty of room for sitting and also features a fireplace. 

The living room, dining room, and kitchen are connected through an open concept on the main floor. 

Sackler offloaded a Boca Raton property in 2022 for $4.88million 

The Spanish-style home – located on Princeton Place – has plenty of bright green trees and plants are littered around the home and property

The Spanish-style home – located on Princeton Place – features an arched entryway and two large trees in front of the home for ultimate privacy. 

Serenity seems to be the mainstay of the home, as plenty of bright green trees and plants are littered around the home and property, complementing the off-white exterior and soft lighting. 

Each room of the eight-bed, 9.5-bath house has its own unique shape, with most to failing to adhere to the normal square or rectangular forms. 

The living room has a large domed window that reaches floor-to-ceiling and two other small windows near the ceiling. the room is decorated with fine art pieces and a chandelier. 

The kitchen matches a similar style to the living room with a light gray walls and plenty of natural light. It also provides ample prep space, plenty of cabinets, and tons of room to move freely. The stove is located in the center of the almost-circular room with a hood hanging over top. Additional oven space is located on the back fall and the fridge is concealed behind cabinet-style doors. 

Other parts of the home feature dark wood and give off a more serious vibe, such as one of the studies that feature dark red furniture and dark accessories. 

The billionaire sold his Austin home in 2018 for more than $3million

Billionaire and former president of Purdue Pharma, Richard Sackler’s former home in  Austin, Texas, which he sold for more than $3million in 2018

His former Austin home sits at one of the highest points in the city and has been described as a ‘private enclave.’  

The home is surrounded by lots of greenery to offer the perfect secluded space and also boasts beautiful views of the mountains. 

Much of the house is decorated in muted tones and gives off a homely feeling. 

Much like the other two properties, the home has high ceilings, plenty of natural light, and hardwood flooring. 

The home also features an L-shaped pool with gorgeous views of the mountains and plenty of seating spaces. 

One of the bedrooms has sliding doors that lead out to a balcony and windows near the ceiling. The tone of the room is warmed through the usage of wooden beams on the ceiling surrounding the recess lighting.  

The kitchen feature granite countertops, a small candle chandelier, and a large cooking area.