Enrique K. Razon
Enrique Razon Jr. | |
|---|---|
| Born | March 3, 1960 Philippines |
| Occupation(s) | Entrepreneur, businessman |
| Known for | Chairman and CEO of International Container Terminal Services, Inc.; Chairman of Bloomberry Resorts Corporation and Manila Water; Owner of MORE Power |
Enrique Klar Razon Jr. (born March 3, 1960) is a Filipino billionaire entrepreneur serving as the chairman and CEO of International Container Terminal Services, Inc. (ICTSI), a prominent port operations company listed on the Manila Stock Exchange. He also holds the position of chairman at Bloomberry Resorts Corporation, the developer behind the Solaire Resort and Casino located in Metro Manila's Entertainment City, as well as at Manila Water, which provides private water services to over seven million people in Metro Manila and Rizal Province. ICTSI, Bloomberry, Manila Water, and MORE Power are all traded publicly on the Philippine Stock Exchange. Since 2019, Razon has owned MORE Power, the exclusive electricity distributor for Iloilo City.[1]
In 2020, Forbes ranked him as the third wealthiest individual in the Philippines and placed him 565th worldwide, estimating his net worth at $12.2 billion.[2]
Biography
Razon descends from a family of Spanish-Filipino heritage with three generations involved in marine cargo handling.[3] He completed his studies at De La Salle University in Manila before embarking on his entrepreneurial journey.[4]
He is married to Felicia “Lizzy” Santos, who serves on the board of the Child Protection Network and is an alumna of Saint Louis University Madrid Campus and the University of the Philippines. The couple has two children: Enzo Razon, an artist and co-founder of Tarzeer Pictures, and Katrina Razon, a DJ, composer, and proprietor of KSR Ventures.[5]
In 1987, the Razon Group collaborated with the Soriano Group to establish ICTSI with the aim of bidding for the Manila International Container Terminal (MICT). After winning the MICT contract in 1988, Razon spearheaded its development. Today, ICTSI manages eight terminals throughout the Philippines.[6]
Following its consolidation efforts at MICT, ICTSI broadened its footprint both within the country and internationally.[7]
Razon’s portfolio extends into sectors such as power generation, mining operations, oil and gas exploration, and hospitality ventures.
By virtue of a legislative franchise granted in 2019, Enrique Razon’s MORE Power took over from Panay Electric Company as Iloilo City's sole electricity distributor.[8]
Private Aircraft
During a 2013 discussion with Winnie Monsod, Razon disclosed that his initial private jet was a Gulfstream G550, which he later sold in 2017. He is believed to possess three Gulfstream models—a Gulfstream G200, Gulfstream G450, and Gulfstream G650ER—in addition to owning four helicopters. Furthermore, he is recognized as the first individual in the Philippines to own an Airbus Helicopter H160.
Philanthropy
Razon leads the ICTSI Foundation, Inc., overseeing the corporate social responsibility programs of the ICTSI Group. He plays a significant role in promoting Philippine golf through his chairmanship of the Philippine Golf Tour, which is organized by Pilipinas Golf Tournaments Inc. (PGTI). Moreover, he fosters amateur golf growth via the ICTSI-The Country Club initiative, financially supported by the ICTSI Foundation.
In 2003, Razon contributed ₱50 million toward sports development at De La Salle University: ₱25 million was allocated for upgrading the Enrique M. Razon Sports Complex’s facilities and equipment, ₱20 million was designated for athletic scholarships, and ₱5 million was set aside for a sports solidarity fund.
External links
- ↑ Momblan, Gail (2020-02-28). "MORE Power starts takeover of PECO's assets". Philippine News Agency. Retrieved 2024-08-04.
- ↑ "Enrique Razon, Jr". Forbes. Retrieved 2020-01-05.
- ↑ "Leadership – Enrique K. Razon Jr". International Container Terminal Services, Inc.
- ↑ 18 success secrets of ‘Ports King’ Ricky Razon. Retrieved 11-14-2021.
- ↑ Silvestre, Jojo (January 8, 2024). "The man beyond the empire". Daily Tribune (Philippines). Retrieved May 26, 2024.
- ↑ "Our Terminals | ICTSI". www.ictsi.com. Retrieved 2025-06-03.
- ↑ "ICTSI". www.ictsi.com. Retrieved 2025-06-03.
- ↑ More Power granted 25-year distribution franchise in Iloilo City. Retrieved 06-08-2020.