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Heir to OxyContin fortune buys $22.5M Bel Air mansion

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He paid for it in cash

Image via Redfin

One of the heirs of Purdue Pharma, the makers of OxyContin, has just purchased a stylish 1980s estate in Bel Air for $22.5 million.

TMZ reports David Sackler, the grandson of one of the founders of Purdue, paid entirely in cash for the nearly 10,000-square-foot estate on about four acres.

The gated estate holds a two-story atrium, sweeping spiral staircase, and a master suite that occupies nearly the entire second story of the residence. The grounds hold a tennis court and pool, and large expanses of green lawn.

Sackler is the grandson of Raymond Sackler, one of the three brothers who together launched and ran Purdue Pharma. (By 1996, when the company introduced OxyContin, only two brothers and their families were still involved in the business.)

The company is still privately held by members of the Sackler family, who are largely secretive save for making large donations to museums around the world.

According to The New Yorker, David runs an investment firm for the family and “is the only member of the third generation who sits on Purdue’s board.”