Even Without Purdue Pharma, Sackler Family Is Worth Billions
Bottles of Purdue Pharma L.P. OxyContin medication.
Photographer: George Frey/Bloomberg
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For all of the troubles swirling around Purdue Pharma LP, the family that founded the maker of OxyContin is still worth $13 billion, according to estimates by Bloomberg.
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 Monday.