Enrique Anselmo Klar Razon Jr. (born March 3, 1960) is a Filipino billionaire and the chairman and CEO of the Manila-listed company International Container Terminal Services, Inc. (ICTSI), the Philippine port-handling giant. He is also Chairman of Bloomberry Resorts Corp., developer of Solaire Resort and Casino, a US$1.2 billion integrated resort complex in the Philippines’ Entertainment City and Manila Water, the private concessionaire of Metropolitan Waterworks and Sewerage System that serves the more than 7 million population of the East Zone of Metro Manila and the Rizal Province. ICT, BLOOM, MWC and APX are listed in the Philippine Stock Exchange.
In 2020, Forbes named Razon the third richest Filipino and the 565th individual in the world, with a personal wealth of $5.1 billion.
Biography
Razon came from a third generation Spanish-Filipino family involved in the business of marine cargo handling. He studied in college at De La Salle University in Manila, then began his business career thereafter.
In 1987, the Razon Group and the Soriano Group incorporated ICTSI, initially to bid for the Manila International Container Terminal (MICT) in the Philippines. After winning the MICT contract in 1988, Mr. Razon spearheaded the MICT’s development program. ICTSI also operates nine other terminals in the Philippines.
After consolidating and strengthening its base and flagship operation at the MICT, ICTSI launched an international and domestic expansion program in 1994.
Razon’s other investments are in power, mining, oil and gas exploration, and leisure facilities.
Enrique Razon owns MORE Power (MORE Electric and Power Corporation or Monte Oro Resources) in Iloilo that replaced Panay Electric Company (PECO) as Iloilo City’s sole power distributor in 2019 through a legislative franchise
Enrique Razon Jr. is the Chairman of International Container Terminal Services (ICTSI)
- Enrique Razon Jr. chairs International Container Terminal Services (ICTSI), the country’s leading ports operator.
- International Container also has subsidiaries in the Asia-Pacific, Eastern Europe, Africa, and the Americas.
- Net worth: $7.7 billion
- Razon’s grandfather started the business with a port in Manila in 1916, which his father rebuilt after WWII. Razon grew the business globally.
- The crown jewel of his hospitality firm Bloomberry Resorts is the Solaire Resort and Casino in the Philippines.
