Enrique 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 Metro Manila’s Entertainment City and Manila Water, the private concessionaire of Metropolitan Waterworks and Sewerage System that serves the more than seven million population of the East Zone of Metro Manila and Rizal Province.[2] ICT, BLOOM, MWC and APX are listed in the Philippine Stock Exchange. Razon also owns MORE Power, Iloilo City's sole power distributor since 2019.[3]
Enrique K. Razon Jr. | |
|---|---|
.jpg) Razon in 2023 | |
| Born | Enrique Klar Razon, Jr. March 3, 1960[1] Manila, Philippines |
| Nationality |  Philippines |
| Alma mater | De La Salle University |
| Known for | International Container Terminal Services, Inc. (chairman and president) Bloomberry Resorts Corporation (chairman) |
| Parent | Enrique M. Razon Jr. |
In 2020, Forbes named Razon the third richest Filipino and the 565th individual in the world, with a personal wealth of $12.2 billion.[4]
Biography
editRazon came from a third generation Spanish-Filipino family involved in the business of marine cargo handling.[5] He studied in college at De La Salle University in Manila, then began his business career thereafter.[6]
Razon is married to Felicia “Lizzy” Santos, a board member of the Child Protection Network. She is an alumnus of Saint Louis University Madrid Campus and the University of the Philippines. Razon's 2 children are Enzo, an artist, Tarzeer Pictures co-founder and Katrina, a disc jockey, music mixer, composer and KSR Ventures owner.[7] Lizzy Santos is the daughter of entrepreneur, Dante G. Santos, distinguished member of Agrava Board. The Santos' family is from Bulacan, but the family patriarch, a school principal transferred to Pasig, where Dante Santos finished at Rizal High School. He later studied engineering at the University of the Philippines, and Mechanical and Electrical Engineering at University of Washington. In 1949, at Seattle, he married Henrietta Regala, daughter of Justice Roberto Regala (b.June 07, 1897-June 23, 1979) of Bacolor. He co-founded Philippine Appliance Corporation and later led the Philippine Airlines.[8]
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.[citation needed]
After consolidating and strengthening its base and flagship operation at the MICT, ICTSI launched an international and domestic expansion program in 1994.[citation needed]
Razon's other investments are in power, mining, oil and gas exploration, and leisure facilities.[citation needed]
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.[9]
Philanthropy
editRazon tables the ICTSI Foundation, Inc., which oversees and implements the ICTSI Group's corporate social responsibility advocacies. He has been a long-time patron of Philippine golf in the country by way of the Philippine Golf Tour, backed by sports management company, Pilipinas Golf Tournaments Inc. (PGTI), where he is chairman. Razon likewise extends help to the country's amateur golf development through the ICTSI-The Country Club program supported by the ICTSI Foundation.[citation needed]
In 2003, Razon donated P50 million for DLSU's sports development. The P50 million pesos were broken down into the following: P25 million for equipment and facilities of the Enrique M. Razon Sports Complex, named after his father; P20 million for athletic scholarships; and P5 million for a sports solidarity fund.[citation needed]
References
edit- ^ "Philippines, Manila, Civil Registration, 1899-1984," database with images, FamilySearch (https://familysearch.org/ark:/61903/1:1:QKJ5-D2ST : 26 May 2016), Enrique Klar Razon Jr., 03 Mar 1960; citing Birth, Manila, Metropolitan Manila, Philippines, Civil Registry Office, City Hall of Manila; FHL microfilm 1,592,977.
- ^ Burgos, Jonathan. "Enrique Razon Takes Over Manila Water As Philippine Tycoon Steps Up Infrastructure Bets". Forbes. Retrieved 2022-01-25.
- ^ 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.
- ^ Mabasa, Roy (August 25, 2020). "The legacy of Dante Santos". Manila Bulletin. Retrieved May 26, 2024.
- ^ More Power granted 25-year distribution franchise in Iloilo City. Retrieved 06-08-2020.