Enrique K. Razon

Last updated
Enrique K. Razon Jr.
Ricky Razon 2023 (cropped).jpg
Razon in 2023
Born
Enrique Anselmo Klar Razon, Jr.

(1960-03-03) March 3, 1960 (age 64) [1]
Manila, Philippines
NationalityFlag of the Philippines.svg  Philippines
Alma mater De La Salle University
Known for International Container Terminal Services, Inc. (chairman and president)
Bloomberry Resorts Corporation (chairman)
ParentEnrique M. 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), 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.

Contents

In 2020, Forbes named Razon the third richest Filipino and the 565th individual in the world, with a personal wealth of $10.1 billion. [3]

Biography

Razon came from a third generation Spanish-Filipino family involved in the business of marine cargo handling. [4] He studied in college at De La Salle University in Manila, then began his business career thereafter. [5]

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. [6] 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. [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, 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. [8]

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 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 ]

Related Research Articles

<span class="mw-page-title-main">Iloilo</span> Province in Western Visayas, Philippines

Iloilo, officially the Province of Iloilo, is a province in the Philippines located in the Western Visayas region. Its capital and largest city is Iloilo City, the regional center of Western Visayas. Iloilo occupies the southeast portion of the Visayan island of Panay and is bordered by the province of Antique to the west, Capiz to the north, the Jintotolo Channel to the northeast, the Guimaras Strait to the east, and the Iloilo Strait and Panay Gulf to the southwest.

<span class="mw-page-title-main">Fernando Lopez</span> Vice President of the Philippines from 1949 to 1953 and 1965 to 1972

Fernando Hofileña Lopez Sr. was a Filipino statesman. A member of the influential Lopez family of Iloilo, he served as vice president of the Philippines under Presidents Elpidio Quirino from 1949 to 1953 under the Liberal Party and Ferdinand Marcos from 1965 to 1972, under the Nacionalista Party. He was also the chairman of ABS-CBN Corporation from 1986 to his death in 1993.

<span class="mw-page-title-main">Rizal Memorial Sports Complex</span> Sports complex in Manila, Philippines

The Rizal Memorial Sports Complex is a national sports complex of the Philippines, located on Pablo Ocampo St., Malate, Manila. It is named in honor of the country's national hero, José Rizal (1861–1896). The complex is currently managed by the Philippine Sports Commission, while the property is owned by the Manila City government. The complex also houses the administrative office of the PSC, and quarters for the Philippines' national athletes.

<i>Manila Standard</i> Broadsheet newspaper in the Philippines

The Manila Standard is a broadsheet newspaper in the Philippines. As of 2017, it is owned by the Romualdez family. The Romualdezes, through incumbent speaker of the House Martin Romualdez, also own Journal Publications, Inc., the owner of tabloid papers People's Journal and People's Tonight.

<span class="mw-page-title-main">Manila Water</span>

Manila Water Company, Inc. has the exclusive right to provide water and used water (wastewater) services to over six million people in the East Zone of Metro Manila. It is a subsidiary of Enrique Razon's Trident Water Holdings Company, Inc., who acquired stakes from the country's oldest conglomerate, Ayala Corporation, in 2024.

International Container Terminal Services, Inc. (ICTSI) is a global port management company headquartered in Manila, Philippines. Established in 1916, ICTSI is the Philippines' largest multinational and transnational company, having established operations in both developed and emerging market economies in Asia Pacific, the Americas, and Europe, the Middle East and Africa. The company is ranked the eighth largest container terminal operator, according to TEU equity volume.

<span class="mw-page-title-main">Port of Manila</span> Port in Philippines

The Port of Manila refers to the collective facilities and terminals that process maritime trade function in harbors in Metro Manila. Located in the Port Area and Tondo districts of Manila, facing Manila Bay, it is the largest and the premier international shipping gateway to the country. The Philippine Ports Authority, a government-owned corporation, manages the Port of Manila and most of the public ports in the country. It is composed of 3 major facilities, namely Manila North Harbor, Manila South Harbor, and the Manila International Container Terminal.

<span class="mw-page-title-main">Spanish Filipinos</span> Hispanic ethnic identity

Spanish Filipino or Hispanic Filipino are an ethnic and a multilingualistic group of Spanish descent native to the Philippines. They consist of Peninsulares, Insulares or white Criollos, Filipino mestizos, Spanish-speaking Filipinos, and hispanic people from South America who are descendants of the original European settlers during the Spanish colonial period. Many of their communities trace their ancestry to the early settlers from Spain and Latin America, and depending on the specific province in the Philippines, in the late 1700s to early 1800s they formed as much as 19% in the capital city of Manila at formerly named Tondo province, and about 1.38% of the Ilocos region, 2.17% of Cebu or 16.72% of Bataan and other parts of the country.

<span class="mw-page-title-main">Port of Iloilo</span> Port in Philippines

The Port of Iloilo is a seaport located in Iloilo City, Philippines. It serves the city, province of Iloilo, and the entire island of Panay in the Western Visayas region of the Philippines. It is located away from the older port facilities in Iloilo City Proper, on the southeastern coast of Panay, in Iloilo Strait, and one of the country’s safest and most natural harbors.

<span class="mw-page-title-main">Solaire Resort & Casino</span> Resort in Parañaque

Solaire Resort & Casino is a resort and casino in Entertainment City, a complex built along the Bay City area of Parañaque, in Metro Manila, Philippines.

<span class="mw-page-title-main">Croatia–Philippines relations</span> Bilateral relations

Diplomatic relations were established between Croatia and the Philippines on February 25, 1993, soon after the Philippines recognized Croatia as an independent nation in 1992. The two countries have links between their shipping industries, including port management, and seafarers.

<span class="mw-page-title-main">Andrews Avenue</span> Road in the Philippines

Andrews Avenue is a major east-west thoroughfare in Metro Manila, Philippines that functions as a metropolitan linkage between Pasay and Taguig. It runs underneath the NAIA Expressway almost parallel to Epifanio de los Santos Avenue (EDSA) to the north connecting Roxas Boulevard and Domestic Road near Bay City with South Luzon Expressway near Newport City. It has an arterial extension continuing 3.4 kilometers (2.1 mi) northeast to 5th Avenue and McKinley Road in Bonifacio Global City known as Lawton Avenue.

<span class="mw-page-title-main">Batangas International Port</span> Port in Philippines

The Batangas International Port or locally known as the Batangas Pier is a seaport in Barangay Santa Clara, Batangas City primarily serving the Calabarzon region of the Philippines. The seaport covers an area of about 150 hectares.

Clyde Mondilla is a Filipino professional golfer. He has played primarily on the Philippine Golf Tour, highlighted by four tournament wins in 2017, when he topped the Order of Merit. He has also competed on the Asian Development Tour, and in several full Asian Tour events.

<span class="mw-page-title-main">Vertis North</span> Place in Philippines

Vertis North is a mixed-used development in Quezon City, Metro Manila, Philippines. It is a joint venture project between Ayala Land Inc. (ALI) and the National Housing Authority (NHA). Similar to Makati Central Business District, it has a mix of developments such as residential developments similar to Legazpi and Salcedo Villages and open spaces such as Ayala Triangle Garden and Greenbelt Park.

The Nayong Pilipino Cultural Park and Creative Hub is a planned cultural theme park to be built at the Entertainment City in Parañaque, Metro Manila, Philippines.

MORE Electric and Power Corporation, also known as MORE Power, is an electric power distribution company in the Philippines. It has been serving Iloilo City since 2019, after its controversial takeover of the power distribution assets of private firm Panay Electric Company (PECO).

<span class="mw-page-title-main">Port of General Santos</span> Port in Philippines

The Port of General Santos, also known as the Makar Port, is a seaport in General Santos in the Philippines.

References

  1. ↑ "Philippines, Manila, Civil Registration, 1899-1984," database with images, FamilySearch (https://familysearch.org/ark:/61903/1:1:QKJ5-D2ST  : 26 May 2016), Enrique Anselmo Klar Razon, 03 Mar 1960; citing Birth, Manila, Metropolitan Manila, Philippines, Civil Registry Office, City Hall of Manila; FHL microfilm 1,592,977.
  2. ↑ Burgos, Jonathan. "Enrique Razon Takes Over Manila Water As Philippine Tycoon Steps Up Infrastructure Bets". Forbes. Retrieved 2022-01-25.
  3. ↑ "Enrique Razon, Jr". Forbes. Retrieved 2020-01-05.
  4. ↑ "Leadership – Enrique K. Razon Jr". International Container Terminal Services, Inc.
  5. ↑ 18 success secrets of ‘Ports King’ Ricky Razon. Retrieved 11-14-2021.
  6. ↑ Silvestre, Jojo (January 8, 2024). "The man beyond the empire". Daily Tribune (Philippines) . Retrieved May 26, 2024.
  7. ↑ Mabasa, Roy (August 25, 2020). "The legacy of Dante Santos". Manila Bulletin . Retrieved May 26, 2024.
  8. ↑ More Power granted 25-year distribution franchise in Iloilo City. Retrieved 06-08-2020.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.