The Guggenheim Rejects Future Donations From Opioid Billionaire Sackler Family
ByJoseph Gibsonon April 1, 2019inArticles›Billionaire News
A day after Tate Galleries made a similar call, the world famous Guggenheim Museum in New York City has announced that it will accept no more money from the billionaire Sackler family , a decision that stems from the family’s ties to the opioid addiction epidemic. According to the New York Times , the museum announcement states that “in the present circumstances we do not think it right to seek or accept further donations from the Sacklers.”
The National Portrait Gallery in Great Britain is another institution that is spurning the Sackler family amid growing furor over the family’s ownership of Purdue Pharma which developed OxyContin. The company’s marketing of the powerful painkiller in the 90s is considered to be one of the chief factors behind the current epidemic of addiction and overdoses of the drug, and back in 2007, the parent company of Purdue pleaded guilty to charges of misleadingly labeling OxyContin.
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A donation of $7 million from the Sacklers allowed the museum to form the Sackler Center for Arts Education, and there are no current plans to change the name of the center since it was contractually established. Altogether, the museum says it received $9 million from the Sacklers between 1995 and 2015, which according to the museum’s statement, is where those gifts will end for the foreseeable future:
“No contributions from the Sackler family have been received since 2015…No additional gifts are planned, and the Guggenheim does not plan to accept any gifts.”
A representative for the Sackler family released a statement of their own, saying that the family was unaware of the museum’s plans before they were reported in the press, and that it plans to continue its philanthropic efforts:
“For more than half a century, several generations of Sacklers have supported respected institutions that play crucial roles in health, research, education, the arts and the humanities and remain committed to doing so…Unfortunately, the current climate of litigation has created false impressions that we are working to clear up.”
That will probably take a while, since Purdue Pharma and individual members of the Sackler family are currently facing lawsuits numbering in the hundreds over links to the opioid crisis.
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Future’s Next Big Career Goal: Become A Billionaire
ByJoseph Gibsonon November 30, 2022inArticles›Celebrity News
Reaching billionaire status is a goal that few entertainers reach, whether in the hip hop world or anywhere else in show business. To do so requires not just the good fortune of success but a generous proportion of business acumen as well. Which is why only a few artists have managed the feat. Now, Future says he wants to join the club in an interview with Billboard.
Future released his ninth studio album earlier this year, and the Billboard interviewer asked him what his plans are for his tenth. Instead of delving into his creative ambitions, Future put his goals into purely financial terms:
“My main focus right now is just to do something I never done. One thing I never done is make a billion dollars. I ain’t done that, so I’m focused on that.”
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That almost sounds like it could be bragging or self-promotion, but apparently Future is taking the goal of being a billionaire seriously, elaborating that he’s asked unnamed billionaires for advice on how to attain that rare status:
“Sometimes I ask questions, if I meet a billionaire, like, ‘How’d you get to where you got?’ Or, ‘How’d you accomplish everything that you have?’” he explained. “I have those conversations with different people, successful people. But the way I get mine might be different. It just helps me to understand that I’m on the right path when I talk to people that have billions.”
He continues, saying the billionaires he’s gotten advice from seem to think he might just make it into the club:
“When I hear them talk, I be like, ‘OK, I’m on the right path.’ They reassure me that I’m doing the right thing. No matter what my music career is, I want to just be able to have that friend, somebody that always has my back, [and] just priceless individuals getting me wherever I need to go. Even when it’s going crazy for me, I know I have priceless people around me. I got unconditional love.”
Of course, it’s worth pointing out that even music billionaires like Jay-Z or Rihanna didn’t reach billionaire status purely through their recording and performing careers, investing heavily in other industries in order to make it happen. So it’s unlikely that Future would become a billionaire just on the commercial strength of his next record, even if it’s a massive smash. And it’s also unlikely that Future doesn’t know that, so it’s a safe bet that if he’s serious about his billionaire dreams they involve a lot more than just making music.
Future has already seen plenty of success in the music world with a very respectable net worth of $50 million, but he’ll have to see quite a bit more to hit the billion dollar mark. Stay tuned over the next few years to see if he actually makes it.
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