Gerald L. Chan (; born 1950/1951) is an American

billionaire A billionaire is a person with a net worth of at least 1,000,000,000, one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The ...

and the brother of fellow billionaire Ronnie Chan. They run the Hang Lung Group.

Early life and education

Gerald Chan is the son of T.H. Chan. He received a

bachelor of science A Bachelor of Science (BS, BSc, SB, or ScB; from the Latin ') is a bachelor's degree awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Science was the University o ...

and a

master of science A Master of Science ( la, Magisterii Scientiae; abbreviated MS, M.S., MSc, M.Sc., SM, S.M., ScM or Sc.M.) is a master's degree in the field of science awarded by universities in many countries or a person holding such a degree. In contrast ...

from the

University of California, Los Angeles The University of California, Los Angeles (UCLA) is a public university, public Land-grant university, land-grant research university in Los Angeles, California. UCLA's academic roots were established in 1881 as a Normal school, teachers colle ...

. He then received a

in medical radiological physics and a

doctor of science Doctor of Science ( la, links=no, Scientiae Doctor), usually abbreviated Sc.D., D.Sc., S.D., or D.S., is an academic research degree awarded in a number of countries throughout the world. In some countries, "Doctor of Science" is the degree used f ...

in radiation biology from

Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of high ...

. In the 1970s, he became a US citizen.

Career

In 1987, he co-founded Morningside Group, a private equity and venture capital group. He is a director of Hang Lung Group, Stealth Peptides, Advanced Cell Diagnostics, Matrivax, Vaccine Technologies Inc, and Oxyrane. He is also the Chairman and founding investor of Apellis Pharmaceuticals, Inc. (Nasdaq:$APLS) When his family donated the

Harvard School of Public Health The Harvard T.H. Chan School of Public Health is the public health school of Harvard University, located in the Longwood Medical Area of Boston, Massachusetts. The school grew out of the Harvard- MIT School for Health Officers, the nation's firs ...

$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. As of 2015, he had invested over $100 million in the

Harvard Square Harvard Square is a triangular plaza at the intersection of Massachusetts Avenue, Brattle Street and John F. Kennedy Street near the center of Cambridge, Massachusetts, United States. The term "Harvard Square" is also used to delineate the busin ...

district of Cambridge. In September 2018, Chan opened luxury countryside hotel, Heckfield Place, in Hampshire, England, a renovated 18th-century manor house and farm. 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. In March 2022, the Morningside Foundation donated $100 million to found the

MIT The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the ...

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."

Personal life

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

References

Living people American billionaires Hong Kong billionaires University of California, Los Angeles alumni 1950s births American philanthropists Hong Kong philanthropists Harvard School of Public Health alumni American people of Chinese descent 20th-century American businesspeople 21st-century American businesspeople {{US-business-bio-1950s-stub