Phillip Ragon – Billionaire

Phillip Ragon owns Cambridge, Mass.-based InterSystems, a $574 million (2016 sales) company that sells software enabling hospitals and banks to analyze big data. He founded the company in 1978 and owns all of it. In 2009, following a trip to South Africa where Ragon witnessed the ravages of AIDS, he and his wife Susan (an executive at InterSystems) established the Ragon Institute in partnership with Massachusetts General Hospital, Harvard and MIT to pursue an HIV vaccine.

Phillip Ragon 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.