Enrique K. Razon

In this Philippine name, the middle name or maternal family name is Klar and the surname or paternal family name is Razon.

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), a Philippine port-handling company. He is also the Chairman of Bloomberry Resorts Corp, which is the 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.^[2]  ICT, BLOOM, MWC, and APX are listed on the Philippine Stock Exchange. Razon also owns MORE Power, Iloilo City's sole power distributor since 2019.^[3]

Enrique K. Razon Jr.
Razon in 2023
Born	Enrique Klar Razon, Jr. (1960-03-03) March 3, 1960 (age 65)[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 Sr.

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

Razon came from a third-generation Spanish-Filipino family involved in the marine cargo handling business.^[5] He studied at De La Salle University in Manila, then began his business career.^[6]

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.^[7]

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.^[8]

After consolidating and strengthening its base and flagship operation at the MICT, ICTSI launched an international and domestic expansion program.^[9]

Razon's other investments include 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.^[10]

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.

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.^{[citation needed]}

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.^{[citation needed]}