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Phillip T. (Terry) Ragon

Phillip T. (Terry) Ragon

P. Ragon
-1.08% | - $-35.27M
$3.22 B ₹ 29,285 Cr
Real Time Net Worth #1286 Ranking as of 21 Feb 2026 By Forbes

More on Phillip T. (Terry) Ragon

Gender

Male

Age

77Y

Country

United States

Born On

January, 1949

Deceased

No

Relationship Status

Married

Children

2

Education

Massachusetts Institute Of Technology (MIT) - BS In Physics

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Software)

Primary Organization

InterSystems

Titles

Founder & CEO

Sources of Wealth

InterSystems

Industry

Software, Technology, Healthcare IT, Philanthropy

About Phillip T. (Terry) Ragon


P hillip "Terry" Ragon is a self-made American billionaire who is a pioneer in the software industry. He is the founder and CEO of InterSystems, a major privately held software company that provides the underlying technology for a vast number of healthcare and financial applications. An MIT-trained physicist, he founded the company in 1978. He has since built it into a global leader in the field of high-performance database management systems.

InterSystems' flagship product, a database technology called Caché, is the critical engine that powers many of the world's most important electronic health record (EHR) systems, as well as major applications in finance and government. The company's technology is known for its extreme reliability and scalability. Ragon has remained the sole owner of the highly profitable company, which has made him a multi-billionaire. He is also a major philanthropist, who, along with his wife Susan, has donated hundreds of millions of dollars to establish the Ragon Institute of MGH, MIT, and Harvard, a major research center focused on developing a vaccine for HIV/AIDS.

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Quick Reads


  • Founder and sole owner of the software company InterSystems.
  • His company is a leading provider of database technology for the healthcare industry.
  • He is a self-made billionaire and a trained physicist.
  • He and his wife have endowed the Ragon Institute, a major HIV/AIDS research center.
  • He is a signatory of the Giving Pledge.

Early Life and Background


Dr. Phillip T. 'Terry' Ragon is an American businessman, the self-made billionaire Founder, CEO, and Chairman of InterSystems Corporation, a global leader in healthcare data management, database technology, and electronic health records (EHR). His career is rooted in elite computer science, technology, and serial entrepreneurial disruption.

Ragon holds a B.S. in Electrical Engineering from the Massachusetts Institute of Technology (MIT). His philosophical approach centers on technological excellence, scale efficiency, and long-term commitment to healthcare interoperability (solving the complex problem of integrating medical data). His structural contribution is immense: pioneering the modern healthcare data management system.

  • InterSystems Corporation (Founder, CEO & Chairman): The core private asset, a global leader in healthcare database technology and electronic health records (EHR) (with annual revenue exceeding $1.1 billion).
  • Software Pioneer: His success is built on scale software development and dominating the market for high-performance, high-reliability healthcare database technology (used by major hospitals globally).
  • Academic Background: He holds a B.S. in Electrical Engineering from MIT.
  • Philanthropy: He is a major donor to medical research and healthcare (funding the Ragon Institute for infectious disease research).

Career Journey of Phillip T. (Terry) Ragon


Terry Ragon's strategic genius was his commitment to solving the complexity of medical data. He founded InterSystems in 1978, recognizing the immense, untapped global demand for efficient, high-performance database technology to manage the rapidly growing volume of healthcare data. His structural contribution is immense: pioneering the specialized database and EHR system that is foundational to modern hospital and clinical care globally.

His structural contribution is tied to his immense philanthropic commitment to infectious disease research (co-founding the Ragon Institute with MIT and MGH). His wealth is secured by the colossal, long-term, stable profitability of the global healthcare software and technology sector.

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Phillip T. (Terry) Ragon's Timeline


1978:

Founds InterSystems Corporation (Founding).

2009:

Co-founds the Ragon Institute (Medical Philanthropic Founding).

Ongoing:

InterSystems achieves global dominance in healthcare data management (Software Apex).

Ongoing:

Continues as Founder, CEO, and Chairman, guiding the global technology giant (Executive Oversight).

Major Business Ventures and Investments


Phillip T. (Terry) Ragon's wealth is concentrated in his founding and controlling ownership of the private technology giant, InterSystems Corporation.

  • InterSystems Corporation (Founder, CEO & Chairman): The core private asset, a global leader in healthcare database technology and electronic health records (EHR) (with annual revenue exceeding $1.1 billion).
  • Software Pioneer: His success is built on scale software development and dominating the market for high-performance, high-reliability healthcare database technology (used by major hospitals globally).
  • Academic Background: He holds a B.S. in Electrical Engineering from MIT.
  • Philanthropy: He is a major donor to medical research and healthcare (funding the Ragon Institute for infectious disease research).

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Philanthropy and Social Impact


Dr. Terry Ragon's social impact is massive and humanitarian, tied to InterSystems' role in providing essential data management infrastructure that enables efficient healthcare delivery globally. His founding of the Ragon Institute (with a $100 million commitment) provides a major structural contribution to infectious disease research (HIV, COVID-19). His structural contribution is tied to his belief in technology as a force for public health and his influential role in the global healthcare IT ecosystem.

His personal philanthropy supports various community and educational initiatives.

Fashion, Style, and Lifestyle


Dr. Terry Ragon maintains the professional, composed style of a technology executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a pioneer in the specialized healthcare IT sector.

Residing in Cambridge, Massachusetts, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to technology innovation, medical research, and the long-term stewardship of the InterSystems platform.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Founder and CEO of InterSystems Corporation (healthcare database technology).
  • He holds a B.S. in Electrical Engineering from MIT.
  • He co-founded the Ragon Institute (with MIT and MGH) with a $100 million commitment for infectious disease research.
  • His company is a global leader in electronic health records (EHR) and data management.
  • InterSystems remains 100 percent privately owned.
  • His wealth is estimated at $2.5 billion (2024 estimate).
  • His philosophy emphasizes long-term R&D and technological elegance.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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