Gerald Chan

Gerald L. Chan (Chinese: 陈乐宗; born 1950/1951) is an American billionaire and the brother of fellow billionaire Ronnie Chan.[1] They run the Hang Lung Group.[2]

Gerald Chan
Born
Gerald Lok Chan

1950/1951 (age 70–71)
Hong Kong
NationalityAmerican
EducationUCLA
Harvard University
OccupationBusinessman
Spouse(s)Beryl W. Chan
Children2 sons
Parent(s)T.H. Chan
RelativesRonnie Chan (brother)

Early life

Gerald Chan is the son of T.H. Chan. He earned BS and MS degrees in Engineering from UCLA, and a master's degree in Medical Radiological Physics and a doctorate in Radiation Biology from Harvard University.[3] In the 1970s, he became a US citizen.[4]

Career

In 1987, he co-founded Morningside Group, a private equity and venture capital group.[3]

He is a director of Hang Lung Group, Stealth Peptides, Advanced Cell Diagnostics, Matrivax, Vaccine Technologies Inc, and Oxyrane.[5] He is also the Chairman and founding investor of Apellis Pharmaceuticals, Inc. (Nasdaq:$APLS)

When his family donated the Harvard School of Public Health $350 million in six annual installments, the largest gift in Harvard's history at the time, the school was renamed the Harvard T.H. Chan School of Public Health for Chan's late father.[4][6]

As of 2015, he had invested over $100 million in the Harvard Square district of Cambridge.[4]

In September 2018, Chan opened luxury countryside hotel, Heckfield Place, in Hampshire, England, a renovated 18th-century manor house and farm.[7]

In September 2021, the Chans' Morningside Foundation donated $175 million to Umass Medical Center in Worcester, MA, and it changed its name to UMass Chan Medical School.[8]

In March 2022, the Morningside Foundation donated $100 million to found the MIT Morningside Academy for Design, intended to "encourage design work at MIT to grow and cross disciplines among engineering, science, management, computing, architecture, urban planning, and the arts."[9]

Personal life

Chan is married to Beryl, and they have two sons, Ashley being the eldest.[4]

References
  1. "Ronnie & Gerald Chan". forbes.com. Retrieved September 19, 2018.
  2. "Profile of Directors" (PDF). www.hanglung.com. Retrieved April 24, 2022.
  3. "About - Dr. Gerald Chan". www.geraldchan.net. Retrieved September 19, 2018.
  4. Neil Swidey (May 3, 2015). "Gerald Chan, Boston's invisible billionaire - The Boston Globe". bostonglobe.com. Retrieved September 19, 2018.
  5. "Gerald L. Chan - Harvard China Fund". hcf.fas.harvard.edu. Retrieved September 19, 2018.
  6. Announcement of major search for Senior Director, University Development Office International – Asia Principal Gifts, Harvard University Cambridge, MA
  7. "Heckfield Place: inside the UK's most delayed hotel". Financial Times. Retrieved April 7, 2019.
  8. "UMass Medical School Changes Name To UMass Chan Medical School After $175 Million Donation". CBS Boston. September 7, 2021. Retrieved November 25, 2021.
  9. Dizikes, Peter (March 14, 2022). "MIT Morningside Academy for Design created as a new hub for cross-disciplinary education, research, and innovation". MIT News | Massachusetts Institute of Technology. Retrieved March 14, 2022.
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