Gerald Chan
Gerald L. Chan | |
|---|---|
| Born | Template:Birth year and age |
| Occupation(s) | Businessman, philanthropist |
| Years active | 1987–present |
| Known for | Co-founder and chairman of Morningside Group; director of Hang Lung Group; Chairman and founding investor of Apellis Pharmaceuticals |
| Spouse | Beryl Chan |
| Children | 2 |
Gerald L. Chan (; born February 1951) is an American billionaire and sibling of fellow billionaire Ronnie Chan. Both siblings play leading roles in managing the Hang Lung Group.
Early life and education
Gerald Chan is the offspring of T.H. Chan, a prominent Hong Kong property magnate who established the Hang Lung Group, a significant entity in Hong Kong's real estate market throughout the 20th century.
He obtained both bachelor's and master's degrees from the University of California, Los Angeles, then pursued advanced studies at Harvard University, earning a master's degree in medical radiological physics as well as a doctor of science in radiation biology.
Chan acquired United States citizenship during the 1970s and has been featured multiple times on Forbes 400 listings.
Career
In 1987, he co-established and currently chairs the Morningside Group, a firm specializing in private equity and venture capital investments.
He holds directorships at Hang Lung Group, his family's real estate enterprise, along with Stealth Peptides, Advanced Cell Diagnostics, Matrivax, Vaccine Technologies Inc, and Oxyrane. Additionally, he is the Chairman and founding investor of Apellis Pharmaceuticals, Inc. (Nasdaq: $APLS).
By the year 2015, Chan had committed over $100 million toward property investments in Cambridge's Harvard Square, located near his alma mater.
In September 2018, he inaugurated Heckfield Place, an upscale rural hotel situated in Hampshire, England, within a restored manor dating back to the 18th century.
Philanthropy
The Chan family contributed $350 million through six installments to the Harvard School of Public Health, resulting in its renaming as the Harvard T.H. Chan School of Public Health to honor their late patriarch.
In September 2021, the Morningside Foundation made a $175 million gift to UMass Medical School, which was subsequently renamed UMass Chan Medical School.
In March 2022, the foundation granted $100 million to create the MIT Morningside Academy for Design, aimed at fostering cross-disciplinary innovation spanning engineering, science, management, computing, architecture, urban planning, and the arts.
Personal life
Chan is married to Beryl; they have two sons. Their eldest son Ashley resides in Los Angeles and is noted for his prominence within the culinary and restaurant sectors.