Phillip T. (Terry) Ragon

$3.13 B

Ranked #1321 in World

About Phillip T. (Terry) Ragon

Phillip Terrence "Terry" Ragon, born in Arizona and an MIT physics graduate, is the CEO and owner of Cambridge-based InterSystems Corporation since 1978. With a $2.2 billion net worth, he ranks No. 378 on the Forbes 400 list as of 2020. Ragon, a committed philanthropist, joined The Giving Pledge in 2017, ensuring at least half of his wealth goes to philanthropy. His notable contributions include a $100 million pledge to AIDS research and a record $200 million donation to Massachusetts General Hospital (MGH) for a vaccine-research center. Additionally, Ragon serves on the Harvard Medical School Board of Fellows and received the Golden Plate Award in 2022.

Born

June 01, 1949

Age

76 years

Source Of Wealth

Health IT

Industries

Technology

Citizenship

United States

Residence

Boston, Massachusetts

Education

Bachelor of Arts/Science, Massachusetts Institute of Technology

Phillip Terrence "Terry" Ragon was born in Arizona, the son of a U.S. Air Force fighter pilot. Due to his father's military career, he grew up in various states and eventually graduated from high school in Bogota, Colombia.

Ragon displayed a strong aptitude for science and technology from an early age. He went on to pursue higher education at the prestigious Massachusetts Institute of Technology (MIT), where he earned a Bachelor of Science degree in physics in 1971.

Phillip T. (Terry) Ragon: Family

Terry Ragon is married to Susan M. Ragon, and together they have two children. The couple is known for their philanthropic endeavors and has made significant contributions to various charitable causes.

Phillip T. (Terry) Ragon: Career Highlights

Terry Ragon's career is marked by his entrepreneurial success and leadership in the technology industry. In 1978, he founded InterSystems Corporation in Cambridge, Massachusetts. InterSystems is a global leader in providing data management solutions for healthcare, finance, and other industries.

Ragon has served as the CEO and owner of InterSystems since its inception. Under his guidance, the company has grown into a multi-billion dollar enterprise with a global presence. Ragon's vision and strategic leadership have been instrumental in InterSystems' success.

In addition to his role at InterSystems, Ragon holds several prestigious positions in academia and healthcare. He is a member of the Harvard Medical School Board of Fellows, the MIT Corporation, and the advisory board of the MIT Jameel Clinic. These appointments reflect Ragon's commitment to advancing medical research and education.

Phillip T. (Terry) Ragon: Companies

Terry Ragon is primarily associated with InterSystems Corporation, the technology company he founded in 1978. InterSystems is renowned for its innovative data management solutions and serves a wide range of industries, including healthcare, finance, and manufacturing.

Phillip T. (Terry) Ragon: Major Achievements

Ragon's major achievements include building InterSystems into a global leader in data management solutions.

His entrepreneurial vision and leadership have driven the company's success and made a significant impact on the technology industry.

Ragon is also recognized for his philanthropic contributions, particularly in the field of medical research. His generous donations to the Phillip T. and Susan M. Ragon Institute at Massachusetts General Hospital have significantly advanced AIDS research and vaccine development.

Phillip T. (Terry) Ragon: Awards & Achievements

Terry Ragon's contributions to technology and philanthropy have been widely recognized. In 2022, he received the prestigious Golden Plate Award from the American Academy of Achievement, an honor bestowed upon individuals who have made significant contributions to society.

Phillip T. (Terry) Ragon: Personal Life & Legacy

Terry Ragon is known for his dedication to his work and his commitment to philanthropy. He and his wife, Susan, reside in Massachusetts and are actively involved in supporting various charitable causes. Ragon's legacy is one of innovation, entrepreneurship, and generosity, leaving a lasting impact on the technology industry and medical research.

Phillip T. (Terry) Ragon: Trivia

Terry Ragon is an avid collector of antique maps and globes. His collection includes rare and valuable pieces that reflect his interest in history and geography.

Wealth History

Timeline

1971

Graduated from MIT with a B.S. in physics.

1978

Founded InterSystems Corporation in Cambridge, Massachusetts.

2009

Pledged $100 million over 10 years for AIDS research through the Phillip T. and Susan M. Ragon Institute at Massachusetts General Hospital (MGH).

2017

Signed The Giving Pledge, committing to donate at least half of their wealth to philanthropic causes.

2019

Donated $200 million to MGH, the largest donation in the hospital's history.

April 2019

Announced a further $200 million donation to MGH for a vaccine-research center.

2020

Ranked No. 378 on Forbes 400 list of richest people in America with a net worth of $2.2 billion.

2022

Received the Golden Plate Award of the American Academy of Achievement.

Phillip T. (Terry) Ragon : FAQs

What is Phillip T. (Terry) Ragon's current net worth?

Phillip T. (Terry) Ragon's current net worth is $3.13 billion.

What is Phillip T. (Terry) Ragon's current global rank among billionaires?

Phillip T. (Terry) Ragon holds the 1321st position globally among billionaires.

What is Phillip T. (Terry) Ragon's current ranking within the United States?

Phillip T. (Terry) Ragon holds the 485th position in United States.

What was the change in Phillip T. (Terry) Ragon's net worth compared to the previous year?

Phillip T. (Terry) Ragon's net worth decreased by 916.48 million dollars compared to the previous year 2025, when his net worth was 4.05 billion dollars.

What are Phillip T. (Terry) Ragon's main sources of wealth?

Phillip T. (Terry) Ragon's main source of income comes from Health IT.

In which industry does Phillip T. (Terry) Ragon primarily operate?

Phillip T. (Terry) Ragon is primarily involved in the Technology industry.

What is Phillip T. (Terry) Ragon educational background?

Phillip T. (Terry) Ragon holds a Bachelor of Arts/Science from Massachusetts Institute of Technology.

How old is Phillip T. (Terry) Ragon?

Phillip T. (Terry) Ragon is 76 years old.

Who is Phillip Terrence 'Terry' Ragon and what is his early life background?

Phillip Terrence 'Terry' Ragon, born in Arizona as the son of a U.S. Air Force fighter pilot, spent his childhood in various states, and graduated from high school in Bogota, Colombia. He completed his B.S. in physics from the Massachusetts Institute of Technology (MIT) in 1971.

What are the professional achievements of Terry Ragon?

Terry Ragon founded InterSystems Corporation in 1978 in Cambridge, Massachusetts, where he serves as the CEO and owner. He's also a member of the Harvard Medical School Board of Fellows, the MIT Corporation, and the advisory board of MIT Jameel Clinic. In 2020, he was ranked No. 378 on the Forbes 400 list of richest Americans, with a net worth of $2.2 billion.

How has Terry Ragon contributed to philanthropy?

Terry Ragon signed The Giving Pledge in March 2017, pledging to donate at least half of his wealth to philanthropic causes. He pledged $100 million over 10 years to AIDS research through the Phillip T. and Susan M. Ragon Institute at Massachusetts General Hospital (MGH) in 2009 and donated $200 million to MGH in 2019, which was the largest donation in the hospital's history. In April 2019, he announced another $200 million donation to MGH for a vaccine-research center.

What significant donation did Terry Ragon make to Massachusetts General Hospital?

Terry Ragon made a significant donation of $200 million to Massachusetts General Hospital (MGH) in 2019, marking the largest donation in the hospital's history. This was followed by an announcement of another $200 million donation to MGH for a vaccine-research center in April 2019.

What awards and honors has Terry Ragon received for his contributions?

Terry Ragon received the prestigious Golden Plate Award of the American Academy of Achievement in 2022, in recognition of his contributions and achievements.