# Enrique K. 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. 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.
In 2020, Forbes named Razon the third richest Filipino and the 565th individual in the world, with a personal wealth of $12.2 billion.

## Biography

Razon came from a third generation Spanish-Filipino family involved in the business of marine cargo handling. He studied in college at De La Salle University in Manila, then began his business career thereafter.
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. 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.
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.
After consolidating and strengthening its base and flagship operation at the MICT, ICTSI launched an international and domestic expansion program in 1994.
Razon's other investments are in power, mining, oil and gas exploration, and leisure facilities.
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.

### Private Aircraft

In a 2013 Interview with Winnie Monsod, Razon said that He acquired His First Private Jet which is a Gulfstream G550 but sold to an undisclosed owner in 2017. Razon reportedly owns Three Gulfstream Aircraft which is a Gulfstream G200, Gulfstream G450, Gulfstream G650ER, and 4 Helicopters. It is also reported that He is the First Owner of an Airbus Helicopters 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 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.
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.