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Enrique K. Razon

Enrique Klar Razon Jr. (born March 3, 1960) is a Filipino billionaire and business magnate. He is chairman and CEO of the Manila-listed company International Container Terminal Services (ICTSI), a Philippine port-handling company. He is also the Chairman of Bloomberry Resorts Corporation, developer of Solaire Resort and Casino, an integrated resort complex in Metro Manila's Entertainment City, and Manila Water, the private concessionaire of Metropolitan Waterworks and Sewerage System that serves more than seven million residents of the East Zone of Metro Manila and Rizal Province.  ICT, BLOOM, MWC, and APX are listed on the Philippine Stock Exchange. Razon also owns MORE Power, Iloilo City's sole power distributor since 2020.

Razon tops the list of Philippine billionaires and is ranked 175th worldwide, with a net worth of $16.5 billion, according to Forbes.

Biography

Razon was born on March 3, 1960 in Manila, Philippines. He comes from a third-generation Spanish-Filipino family involved in the marine cargo handling industry. Razon studied at La Salle Greenhills for grade school, and completed his secondary education at the La Salle Greenhills High School. He then attended Bowdoin College in the United States of America, but dropped out at the age of 17.

Razon is married to Felicia “Lizzy” Santos, a Child Protection Network board member. She is an alumnus of Saint Louis University Madrid Campus and the University of the Philippines. Razon's two children are Enzo Razon, an artist and Tarzeer Pictures co-founder, and Katrina Razon, a disc jockey, music mixer, composer and KSR Ventures owner.

Private aircraft

In a 2013 interview with Winnie Monsod, Razon said that he acquired his first private jet, a Gulfstream G550, but sold it to an undisclosed owner in 2017. Razon reportedly owns three Gulfstream Aircraft: a Gulfstream G200, a Gulfstream G450, a Gulfstream G650ER, and four helicopters. He is also reportedly the first owner of an Airbus Helicopter H160 in the Philippines.

Investments

Razon is most well-known as the Chairman of International Container Terminal Services. His other investments include power, mining, oil and gas exploration, and leisure facilities.

Bloomberry

Razon is chairman of Bloomberry Resorts, which runs the Solaire Resort & Casino chain in Metro Manila.

ICTSI

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, Razon spearheaded the MICT's development program. ICTSI operates a total of eight terminals in the Philippines.

After consolidating and strengthening its base and flagship operation at the MICT, ICTSI launched an international and domestic expansion program.

Prime Infra

Prime Infrastructure Capital, Inc. (Prime Infra; formerly Prime Strategic Holdings, Inc.) is Razon's privately-held holding company for power and water units.

Manila Water

MORE Power

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 2020 through a legislative franchise.

SierraCol

In 2026, Razon, through Prime Infra, agreed to acquire SierraCol Energy Limited (SierraCol), the largest independent oil and gas company in Colombia, from the global investment firm The Carlyle Group.

Former investments

Manila Standard

Philanthropy

Razon 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 through 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.

In 2003, Razon donated P50 million for DLSU's sports development. The P50 million pesos were broken down into 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.

References

External links