In 2020, Forbes named Razon the third richest Filipino and the 565th individual in the world, with a personal wealth of $5.1 billion. Spanish-Filipino business leader Enrique Razon has made most of his fortune as the chairman and chief executive officer of International Container Terminal Services (ICTSI), the country’s largest port operator; and also operates subsidiaries in Eastern Europe, Africa and the Americas. Individually, they’re also frustrated with the congestion, because even in their sleek private jets, they have to wait in line to fly out and fly in through NAIA. The vaccine czar said they will also create a synchronization matrix for the rollout of vaccines. Enrique Razon Jr. chairs the International Container Terminal Services (ICTSI), the country's leading terminal operator. In a statement on Thursday, Razon said a … All Rights Reserved. His grandfather had built up Manila’s original port and shipping services and upon his death in 1987 his grandson, Enrique Razon, inherited his company, International Container Terminal Services, Inc. O’Brien has attended Davos for more than a decade and flew in last year on his Gulfstream 550 jet plane for the event’s penultimate day. [4], Razon chairs the ICTSI Foundation, Inc., which oversees and implements the ICTSI Group's corporate social responsibility advocacies. NetJets, meanwhile, is the world’s largest private jet company. Razon grew the business globally. Prime Infra is Razon’s core infrastructure arm with assets in renewable and sustainable energy, as well as water and construction. The proposed bio-refinery, when completed, would transform a million tons of waste to 30 million gallons of SAF yearly. Enrique Razon graces PMA Alumni Homecoming as guest of honor Posted on February 17, 2018 Ports and casino magnate Enrique K. Razon is the guest of honor at the 2018 alumni homecoming of the Philippine Military Academy Saturday (February 17). Solaire owner’s entrance and exit from Korea resort island highlights trends in Asian gaming. He's funny and straight talking, whether in cocktail chatter or with a microphone. International Container Terminal Services is a container-handling and terminal company. ICTSI also has subsidiaries in Eastern Europe, Africa, and the Americas. © 2021 Forbes Media LLC. He just sat quietly with the rest of the audience, intently … "Nangako rin po si Sir Enrique Razon na kakalapin niya ang mga business sector para makakuha ng at least, at a minimum, mga three to five million na doses para sa ating mga workers at donations po sa government," he added. 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. Like … Photo via Bloomberry Resorts. [2], Razon belongs to the third generation of a Spanish-Filipino family involved in the business of marine cargo handling.[3]. Rankings of the top 50 richest on the 2018 Forbes Philippines Rich List face volatility, as 19 tycoons saw their net worth shift 20% or more over the past year. The 2019 Forbes Philippines Rich List saw a dramatic reshuffle as five long-time listees passed away since last year’s list and a new class of second-generation successors made their debut. Instead, he flew into the Ninoy Aquino International Airport in a rather simple and small Gulfstream G550 (the same kind that ICTSI owner Enrique Razon has). [citation needed], "Philippines, Manila, Civil Registration, 1899-1984," database with images, FamilySearch (. The family travels in style by private jet and multi-million peso cars with Louis Vuitton trunks and Hermès bags in tow. Enrique Razon, Jr.: The man known as “Ports King” In a country surrounded by water, having knowledge and control of where to put a port is both a form of public service and a key to becoming one of the country’s richest business tycoons. Razon's other investments are in power, mining, oil and gas exploration, and leisure facilities.