Phillip T. (Terry) Ragon
Source of wealth: Health IT
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The scale of their wealth
Health
The price of life
Let's compare Phillip T. (Terry) Ragon's fortune with the healthcare spending of a massive country
Phillip T. (Terry) Ragon could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.6 years.
But even if we compare their fortune with that of a rich country
On the other end, Phillip T. (Terry) Ragon could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.7 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Phillip T. (Terry) Ragon could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.0 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Phillip T. (Terry) Ragon could pay for it entirely for 1.4 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Phillip T. (Terry) Ragon could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 5.9 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Phillip T. (Terry) Ragon with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.1 years.
Gold
Everyday luxuries
Phillip T. (Terry) Ragon's fortune is equivalent to 24 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Phillip T. (Terry) Ragon could buy 6,419,935 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 1 trucks to transport them. Although Phillip T. (Terry) Ragon will almost certainly have enough money left over to pay for the gas.
Biography
Phillip Ragon, known as Terry, founded InterSystems, a software company that enables hospitals and banks to analyze big data, in 1978.
Ragon retains full ownership of the company, which generates around $1 billion in annual sales.
Ragon and his wife, Susan, joined the Giving Pledge in 2017.
After a trip to South Africa in 2009 where Terry and Susan saw the ravages of AIDS, they established the Ragon Institute to pursue an HIV vaccine.
The couple announced a $200 million gift to endow the Ragon Institute of Massachusetts General Hospital, MIT and Harvard in 2019.
Financial Assets
Financial assets information not available.
Monthly wealth history
Fortune comparison
Historical data not available for comparison