Phillip Ragon

Phillip T. Ragon
Born	Phillip Terrence Ragon (1949-06-01) June 1, 1949 (age 75) Arizona.U.S
Education	Massachusetts Institute of Technology (B.S. in Physics)
Alma mater	MIT
Occupation(s)	Businessman,Philanthropist
Known for	Founder & CEO of InterSystems
Board member of	Harvard Medical School Board of Fellows MIT Corporation MIT Jameel Clinic Advisory Board
Spouse	Susan Ragon
Children	2
Awards	Golden Plate Award

Phillip Terrence "Terry" Ragon is an American entrepreneur and philanthropist who founded InterSystems and is the current CEO. ^[1]

Early life and education

The son of a U.S. Air Force fighter pilot, Ragon was born in Arizona. ^[2] He grew up in a variety of states and graduated from high school in Bogota, Colombia. ^[2] He graduated from MIT in 1971 with a B.S. in physics. ^[3]

Career

In 1978, Phillip Ragon founded InterSystems Corporation in Cambridge, Massachusetts, to develop and sell database management and healthcare information systems. He is currently the CEO and owner. ^[4]

Ragon is a member of the Harvard Medical School Board of Fellows, and a member of MIT Corporation (the governing body of MIT), ^[5] and a member of the advisory board of the MIT Jameel Clinic. ^[6]

In 2025, with a net worth of $3.4 billion, Forbes ranked Ragon No. 378 on the Forbes 400 list of the richest people in America. ^[7]

Philanthropy

In March 2017, Ragon, and wife Susan, signed The Giving Pledge, vowing to donate at least half of their money to philanthropic causes. ^{[8] [9]}

In 2009, Ragon pledged to donate US $100 million over 10 years period for AIDS research through the Phillip T. and Susan M. Ragon Institute at the Massachusetts General Hospital (MGH) after witnessing the plight of the disease in South Africa. ^[10] The Ragons donated $200 million to MGH in 2019, the largest donation in the hospital's history. ^[11]

In April 2019, Ragon and his wife announced that they were donating a further $200 million to Massachusetts General Hospital for a vaccine-research center. ^{[12] [13]}

Personal life

Ragon is married to Susan M. Ragon, and they have two children. The couple resides in Massachusetts and actively supports various charitable initiatives ^[14]

Awards and honors

In 2022, Ragon received the Golden Plate Award of the American Academy of Achievement. ^[15]

References

1. "Phillip T. (Terry) Ragon". US Corporate. Retrieved 2025-02-23.
2. "Phillip and Susan Ragon Foundation: Grants for Boston". Inside Philanthropy. Retrieved 2020-11-23.
3. Trafton, Anne (4 February 2009). "Alum's $100 million gift targets AIDS vaccines". Archived from the original on 2009-02-05. Retrieved 2009-02-04.
4. "Phillip T. (Terry) Ragon". Intersystems. Retrieved 2020-01-12.
5. "Board of Fellows | Harvard Medical School". Harvard University. Retrieved 2019-09-26.
6. "People". J-Clinic. Retrieved 2020-11-13.
7. Dolan, Kerry; Paterson-Withorn, Chase; Wang, Jennifer. "The Forbes 400: The Definitive Ranking Of The Wealthiest Americans In 2020". Forbes. Retrieved 2020-09-22.
8. "Another Massachusetts couple pledges to give away most of their wealth". The Boston Globe. Retrieved 2017-03-09.
9. "Billionaire couple living in Massachusetts pledges half their wealth to philanthropy". Mass Live. 2 March 2017. Retrieved 2020-01-12.
10. "Businessman donates $100 million to AIDS research". Reuters. 4 February 2009. Retrieved 2020-11-23.
11. "Mass General Receives $200 Million for Ragon Institute". Massachusetts General. May 2019. Retrieved 2020-01-12.
12. Di Mento, Maria (26 April 2019). "Tech Billionaires Give $200 Million to Mass. General Hospital". Philanthropy. Retrieved 2020-10-15.
13. Yakowicz, Will. "The Biggest Philanthropic Gifts Of 2019". Forbes. Retrieved 2020-10-15.
14. "Phillip T. (Terry) Ragon: Phillip T. (Terry) Ragon Net Worth, Biography, Age, Spouse, Children & More". Goodreturn. Retrieved 2025-02-23.
15. "Golden Plate Awardees of the American Academy of Achievement". www.achievement.org. American Academy of Achievement.