Gerald Chan

Gerald L. Chan (Chinese: 陳樂宗; 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 or 1951 (age 72–73)
Hong Kong
CitizenshipUnited States
Alma materUniversity of California, Los Angeles (BS, MS)
Harvard University (SM, SD)
OccupationBusinessman
SpouseBeryl W. Chan
Children2 sons
ParentT.H. Chan
RelativesRonnie Chan (brother)

Early life and education

Gerald Chan is the son of T.H. Chan.

He received a bachelor of science and a master of science from the University of California, Los Angeles. He then received a master of science in medical radiological physics and a doctor of science 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. Archived from the original on September 19, 2018. Retrieved September 19, 2018.
  2. "Profile of Directors" (PDF). www.hanglung.com. Archived (PDF) from the original on September 30, 2022. Retrieved April 24, 2022.
  3. "About - Dr. Gerald Chan". www.geraldchan.net. Archived from the original on September 7, 2018. Retrieved September 19, 2018.
  4. Neil Swidey (May 3, 2015). "Gerald Chan, Boston's invisible billionaire - The Boston Globe". bostonglobe.com. Archived from the original on September 19, 2018. Retrieved September 19, 2018.
  5. "Gerald L. Chan - Harvard China Fund". hcf.fas.harvard.edu. Archived from the original on October 8, 2021. Retrieved September 19, 2018.
  6. "Announcement of major search for Senior Director, University Development Office International – Asia Principal Gifts, Harvard University Cambridge, MA" (PDF). Archived (PDF) from the original on October 25, 2018. Retrieved October 25, 2018.
  7. "Heckfield Place: inside the UK's most delayed hotel". Financial Times. April 26, 2018. Archived from the original on June 13, 2022. Retrieved April 7, 2019.
  8. "UMass Medical School Changes Name To UMass Chan Medical School After $175 Million Donation". CBS Boston. September 7, 2021. Archived from the original on November 25, 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. Archived from the original on September 25, 2022. Retrieved March 14, 2022.
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