- Category:
- Richest Business › Richest Billionaires
- Net Worth:
- $1.5 Billion
- Gender:
- Male
What is Phillip Ragon's Net Worth?
Phillip Ragon is an American entrepreneur and philanthropist who has a net worth of $1.7 billion. Most widely known as "Terry", Phillip Terrence Ragon is a founder and sole owner of InterSystems, as well as its current CEO. A 1971 graduate of MIT, Ragon set up InterSystems six years upon graduation and since has turned it into a private vendor of software systems and technology for high-performance database management, integration, rapidapplication development and healthcare information systems. The biggest costumer of the company, which had $443 million in 2012 revenues, is Epic Systems, a leading vendor of digital health records software founded by Judy Faulkner (also a billionaire).
Under Ragon guidance, InterSystems has evolved into a thriving company selling the guts of electronic health records: databases that can easily ramp up and allow doctors to quickly retrieve patient information. Along with his wife Susan, an executive at InterSystems, Ragon pledged $100 million over 10 years to establish the Ragon Institute of MGH (Massachusetts General Hospital), MIT and Harvard. It's an Institute that works on the development of an HIV vaccine.
