Latest Posts

michael cinco

Michael Cinco Joins the Miss Universe 2024 Selection Committee: A New Era of Glamour and Elegance

deped 1

Fourth Class City Lauded for Impressive Learners’ Performance

game

Warner Bros. Sets Sights on the Big Screen: A New Era for Game of Thrones

Enrique K. Razon, Jr.: The Filipino tycoon shaping global industry and philanthropy

enrique 1

SHARE

Recently, Forbes released a list of the wealthiest billionaires in the world, and following former Senate President and business magnate Manny Villar, who is currently the richest Filipino, is business tycoon and philanthropist Enrique K. Razon, Jr.

Razon, who ranked 224th richest billionaire in the world, has a net worth rising to $10 billion in 2024 from $7.3 billion last 2023. 

Photo courtesy: Forbes

But, who is he?

Enrique K. Razon, Jr. is one of the most influential and successful business magnates in the Philippines. As the chairman and president of International Container Terminal Services, Inc. (ICTSI), he leads one of the world’s leading global port management companies, with operations spanning across various continents. Razon’s vision and expertise have been instrumental in propelling ICTSI’s growth and prominence in the logistics industry, making him a key player in the global supply chain.

Early Career and Leadership at ICTSI

Razon’s involvement in the family business began early, and he ascended to leadership at ICTSI in the late 1990s. Under his stewardship, ICTSI expanded from a single port operation in Manila to a global player with terminals in strategic locations across the Americas, Europe, Asia, and Africa. His ability to identify and capitalize on emerging market opportunities has been critical to the company’s expansion and success.

Photo courtesy: Forbes

Diversified Business Interests

Beyond ICTSI, Razon has diversified his business interests into other sectors. He is the founder and CEO of Bloomberry Resorts Corporation, which operates Solaire Resort & Casino, one of the premier entertainment and gaming destinations in Manila. Razon’s ventures also include investments in energy through Prime Infrastructure Holdings, a company involved in power generation, water distribution, and renewable energy.

Photo courtesy: Casino.org

Philanthropy and Community Involvement

Razon is known for his philanthropic work through the Enrique K. Razon Foundation, which supports various causes, including disaster relief, education, and healthcare. His foundation has been actively involved in providing aid during natural disasters in the Philippines, such as typhoons and earthquakes. Additionally, he has made significant contributions to the fight against the COVID-19 pandemic, including vaccine procurement and distribution in the Philippines.

Razon also leads the ICTSI Foundation, Inc., responsible for managing the corporate social responsibility initiatives of the ICTSI Group. He has been a long-standing supporter of golf in the Philippines through the Philippine Golf Tour, sponsored by the sports management company Pilipinas Golf Tournaments Inc. (PGTI), where he serves as chairman. Additionally, Razon aids the growth of amateur golf in the country through the ICTSI-The Country Club program, which is backed by the ICTSI Foundation.

In 2003, Razon contributed P50 million towards sports development at De La Salle University. The P50 million was allocated as follows: P25 million for the 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.

Photo courtesy: Philippine Primer

Recognition and Legacy

Razon’s achievements have earned him recognition as one of the most prominent and respected figures in the business world, not only in the Philippines but also globally. His impact extends beyond the boardroom, as he continues to shape the landscape of industries he operates in and contribute to the betterment of his community.

As Razon continues to expand his business empire and philanthropic efforts, his legacy as a transformative leader in the Philippines and beyond is firmly established. His strategic vision, commitment to excellence, and dedication to making a positive impact serve as an inspiration to aspiring entrepreneurs and business leaders worldwide.

*Cover Photo/Thumbnail Photo: Forbes

RELATED ARTICLES

michael cinco

Michael Cinco Joins the Miss Universe 2024 Selection Committee: A New Era of Glamour and Elegance

In an exciting development for the Miss Universe pageant, renowned Filipino fashion designer Michael Cinco has been appointed to the selection committee for Miss Universe...
deped 1

Fourth Class City Lauded for Impressive Learners’ Performance

The Department of Education (DepEd), the Second Congressional Commission on Education (EdCom2) and UNICEF have recognized the Schools Division Office (SDO) of Gapan City for...
game

Warner Bros. Sets Sights on the Big Screen: A New Era for Game of Thrones

The Game of Thrones phenomenon, which captivated audiences worldwide with its intricate plots and unforgettable characters, is poised for a cinematic revival. Warner Bros. has...
harvard 1

Matteo Guidicelli Takes on Harvard: A Journey of Learning and Growth

In a remarkable turn of events, Filipino actor and entrepreneur Matteo Guidicelli has taken to Instagram to share his inspiring journey at Harvard Business School....
kim halloween

Kardashian Halloween Extravaganza: A Showcase of Imagination and Glamour

Halloween is a time when creativity knows no bounds, and the Kardashian-Jenner clan has once again proven that they are the reigning queens of extravagant...
et

Heidi Klum’s Most Iconic Halloween Costumes: A Celebration of Creativity and Extravagance

Heidi Klum, often dubbed the "Queen of Halloween," has become synonymous with extravagant and jaw-dropping costumes. Since launching her annual Halloween parties in 2000, Klum...
michael cinco

Michael Cinco Joins the Miss Universe 2024 Selection Committee: A New Era of Glamour and Elegance

In an exciting development for the Miss Universe pageant, renowned Filipino fashion designer Michael Cinco has been appointed to the selection committee for Miss Universe...
deped 1

Fourth Class City Lauded for Impressive Learners’ Performance

The Department of Education (DepEd), the Second Congressional Commission on Education (EdCom2) and UNICEF have recognized the Schools Division Office (SDO) of Gapan City for...
game

Warner Bros. Sets Sights on the Big Screen: A New Era for Game of Thrones

The Game of Thrones phenomenon, which captivated audiences worldwide with its intricate plots and unforgettable characters, is poised for a cinematic revival. Warner Bros. has...

Don't Miss

game

Warner Bros. Sets Sights on the Big Screen: A New Era for Game of Thrones

harvard 1

Matteo Guidicelli Takes on Harvard: A Journey of Learning and Growth

kim halloween

Kardashian Halloween Extravaganza: A Showcase of Imagination and Glamour

et

Heidi Klum’s Most Iconic Halloween Costumes: A Celebration of Creativity and Extravagance