 |
Enrique K Razon Jr.Filipino businessman
Country:
 Philippines |
Content:
- Biography of Enrique Razon Jr.
- Early Career and ICTSI
- Business Ventures and Investments
- Philanthropy and Other Interests
Biography of Enrique Razon Jr.
Enrique Razon Jr. is a Filipino businessman, chairman, and CEO of the Manila-based company International Container Terminal Services, Inc. (ICTSI). He is currently ranked 3rd on the list of the wealthiest individuals in the Philippines. Interestingly, just a year ago, Razon held the 4th position in the rankings, but thanks to his stake in Bloomberry Resorts and Hotels, he experienced a significant jump.
Early Career and ICTSI
In 1987, Enrique Razon Jr. inherited the company International Container Terminal Services, Inc. Under his astute leadership, the company transformed into one of the largest organizations in its field. ICTSI's port terminals operated in Manila, Subic, Batangas, General Santos City, Poland, and Brazil.
Business Ventures and Investments
In 2010, Henry Sy Jr.'s company, OneTaipan, acquired 100% of Monte Oro Resources Grid for $350 million. This company was a joint project between Razon and Walter Brown's A. Brown Company and held a 30% stake in the National Grid Corporation of the Philippines.
Razon also invested around $200 million in Bloomberry Investments Holdings, Inc., one of the four gaming companies licensed by the Philippine Amusement and Gaming Corporation to establish a casino in the developing casino city in the Philippines.
Additionally, Razon was involved in the newspaper industry, owning Manila Standard, which he later sold to Martin Romualdez, the owner of the Journal Group of Publications, after purchasing shares in Yuchengco and Soriano.
Philanthropy and Other Interests
Enrique Razon Jr. is known for his philanthropic efforts, dedicating a portion of his income to charitable causes. He owns one of the basketball teams in the Philippine Basketball League, with many players from the De La Salle University national team.
Razon also has a passion for golf and has made significant investments in local golf organizations. In 2003, he donated 50 million pesos for sports needs, with 25 million going towards the purchase of equipment for a sports complex named after him.
