A Filipino billionaire and the Chairman and CEO of the Manila-listed company, International Container Terminal Services, Inc. (ICTSI), the Philippine port-handling giant.
Wow! The 3rd richest man of the Philippines.
Enrique Razon, Jr.Net Worth: $5.2 Billion
As of August 2014
Age 54
Source Of Wealth: Ports
Residence: Manila, Philippines
Citizenship: Philippines
Marital Status: Married
Children: 2
Casino chief placing a big bet on continued expansion of Solaire Resort & Casino. Solaire is adding 300 more rooms, a shopping mall and a theater. Eying future plays in Macau, Japan and Latin America. Known as Ricky to all, made first fortune not with poker tables but with ports. Inherited International Container Terminal Services, which operates ports in 22 countries, from father in 1995. In downtime find him on the links: avid golfer backs the Philippines Golf Tour.
Source: Forbes
His grandfather arrived from Spain in the early 20th century to establish Manila’s main port in South Harbor. He shares the same name as his father, Enrique Razon, who built the business through World War II.
In 1987, he inherited International Container Terminal Services, Inc, and has grown to become the largest corporation that provides container port terminal services in Manila, Subic, Batangas, General Santos City, Poland and Brazil.
In 2010, Henry Sy, Jr.’s OneTaipan acquired 100 percent of Monte Oro Resources Grid for USD350 million. The company is a partnership between Razon and Walter Brown’s A. Brown Company and owns 30 percent of the National Grid Corporations of the Philippines.
Razon invested an additional USD200 million in Bloomberry Investments Holdings, Inc. Bloomberry is just one of four gaming companies that were granted casino licenses by the Philippine Amusement and Gaming Corporation (PAGCOR) for the upcoming Entertainment City.
Also in the same year, Razon sold Manila Standard for P100 million to Leyte Rep. Martin Romualdez, whose conglomerate owns the Journal Group of Publications. Razon divested from the newspaper business after acquiring the shares of the Yuchengco family and Soriano group ten years ago to become the head of the Kamahalan Publishing Corporation and Kagitingan Printing Press, Inc.
Source: Wikipedia
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