The ongoing China-U.S. trade war has left Philippine billionaire Enrique Razon, Jr.’s cargo terminal business, International Container Terminal Services, or ICTSI, blissfully unscathed. The private sector under Enrique Razon already committed to help us in bringing Moderna to the Philippines,” the vaccine czar said. After winning the MICT contract in 1988, Mr. Razon spearheaded the MICT's development program. Philippine billionaire Enrique Razon, Jr. shares his recipe for success in our latest “Voices of Success” interview series. Razon's other investments are in power, mining, oil and gas exploration, and leisure facilities. Enrique K Razon is Chairman/CEO/Founder at Bloomberry Resorts Corp. See Enrique K Razon's compensation, career history, education, & memberships. His hospitality firm Bloomberry Resorts includes the Solaire Resort and Casino, its crown jewel, in the Philippines. Prime Metroline Infrastructure Holdings Corporation (Prime Infra), the core infrastructure business of port magnate Enrique K. Razon Jr., and its foreign partners are planning to put up a massive biorefinery within Metro Manila. Katrina Razon is the founder of live events company CC: Concepts, and a venture capitalist focused on impact investing and music. Razon belongs to the third generation of a Spanish-Filipino family involved in the business of marine cargo handling. 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. Prime Metroline Infrastructure Holdings Corp. of businessman Enrique Razon Jr. said Tuesday it plans to put up a bio-refinery plant in Metro Manila with partners WasteFuel Global LLC, a next generation waste-to-fuel company, and Netjets Inc., the world’s largest private jet firm. All Rights Reserved. There are business jets and then there is Gulfstream. Tycoons on the 2020 Forbes Philippines Rich List saw their collective wealth fall 22% to US$60.6 billion as the Covid-19 pandemic disrupted the country’s economy. 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. After more than a decade building structures for the Philippines’ biggest developers, this 44-year-old engineer is competing head-on with some of his wealthiest customers. Razon provides Tokyo-bound athletes vaccines BUSINESS tycoon Enrique Razon guaranteed to provide the country’s Tokyo Olympic bound athletes and coaches with the Covid-19 vaccines. 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. Enrique Razon Jr. chairs the International Container Terminal Services (ICTSI), the country's leading terminal operator. Razon Group’s chairman, Enrique K. Razon made his money through container port services. The private sector, led by tycoon Enrique Razon Jr.'s International Container Terminal Services Inc. (ICTSI), has formed a buying consortium that will bring the first three million doses of the AstraZeneca COVID-19 vaccine to the country. 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. Enrique Razon's 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. [citation needed], In 2003, Razon donated P50 million for DLSU's sports development. International Container Terminal Services General Information Description. Lax anti-money laundering brought US$81 million stolen from Bangladesh to Manila. Metro Manila (CNN Philippines, January 11) — Several senators on Monday questioned the rule requiring local government units and private firms … Galvez earlier mentioned that port magnate Enrique Razon Jr expressed willingness to help secure doses of Moderna's vaccine for Filipinos. International Container Terminal Services is a container-handling and terminal company. To be specific, Prime Infra is partnering with WasteFuel, a next-gen In case those are not available, they can also use the smaller Gulfstream G200, which is owned by Razon’s International Container Terminal Services Inc. (For the uninitiated, Gulfstream is a top flight private jet manufacturer and its newest flagship, the … Razon owned a basketball team in the Philippine Basketball League (PBL), with most players from the De La Salle University. © 2021 Forbes Media LLC. ICTSI and BRC are both listed in the Philippine Stock Exchange. Gulfstream Jet. Gulfstream jet. The private sector, led by tycoon Enrique Razon Jr.'s International Container Terminal Services Inc. (ICTSI), has formed a buying consortium that will bring the first three million doses of the AstraZeneca COVID-19 vaccine to the country. 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). We would like to show you a description here but the site won’t allow us. The proposed bio-refinery, when completed, would transform a million tons of waste to 30 million gallons of SAF yearly. Enrique Razon’s proposed casino targeting local players is better for him than for Philippine gaming policy. Most of his wealth is from the commercial shipping business, building and operating ports,  though lately he's joined the Asian rush to open casino resorts, with the [...], Tycoons On 2020 Forbes Philippines Rich List See Fall In Wealth Due To Pandemic Disruption, Forbes Asia Tracker: How The Region’s Billionaires, Tycoons And Entrepreneurs Are Combating The Coronavirus. He's funny and straight talking, whether in cocktail chatter or with a microphone. By Esquire Philippines | Aug 14, 2020 IMAGE WIKIMEDIA COMMONS Shares Share. NetJets, meanwhile, is the world’s largest private jet company. Philippine billionaire Enrique Razon, Jr. shares his recipe for success in our latest “Voices of Success” interview series. Mr. Razon left school when he was 17 years old to take a minimum-wage job at the family's cargo-loading business and worked his way through the ranks. ICTSI also operates nine other terminals in the Philippines. The Forbes Asia CEO Webinar, this year’s digital alternative to the annual Forbes Global CEO Conference, convened virtually on Dec. 1 and Dec. 2. 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). Enrique Razon Jr. chairs the International Container Terminal Services (ICTSI), the country's leading terminal operator. Like … The family travels in style by private jet and multi-million peso cars with Louis Vuitton trunks and Hermès bags in tow. All Rights Reserved. Prime Metroline Infrastructure Holdings Corp. of businessman Enrique Razon Jr. said Tuesday it plans to put up a bio-refinery plant in Metro Manila with partners WasteFuel Global LLC, a next generation waste-to-fuel company, and Netjets Inc., the world’s largest private jet firm. He has been a long-time patron of Philippine golf in the country by way of the Philippine Golf Tour (PGT), backed by sports management company, Pilipinas Golf Tournaments Inc. (PGTI), where he is chairman. Razon's Prime Metroline Infrastructure Holdings (Prime Infra) is teaming up with WasteFuel, a waste-to-fuel company, and NetJets, a private jet company, to construct a … 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. 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. Enrique Anselmo Klar Razon Jr. (born March 3, 1960)[1] is a Spanish-Filipino billionaire and the chairman and CEO of the Manila-listed company International Container Terminal Services, Inc. (ICTSI), the Philippine port-handling giant. Razon's grandfather started the business with a port in Manila in 1916, before his father rebuilt it after WWII. 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. Razon likewise extends help to the country's amateur golf development through the ICTSI-The Country Club program supported by the ICTSI Foundation. Five long-time members of the country’s richest passed away since we last measured fortunes in August 2018, creating a new class of second-generation successors who secured a spot on this year’s list. In a statement on Thursday, Razon said a … Razon grew the business globally. "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. 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. BUSINESS tycoon Enrique Razon guaranteed to provide the country’s Tokyo Olympic bound athletes and coaches with the Covid-19 vaccines. Solaire owner’s entrance and exit from Korea resort island highlights trends in Asian gaming. He just sat quietly with the rest of the audience, intently … Razon took time out from his hectic schedule on June 28, 2019 when he flew to Iloilo City on his private jet to see Rep. Baronda and Mayor Jerry P. Treñas take their oath of office at the Iloilo Convention Center. [3] 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 consolidating and strengthening its base and flagship operation at the MICT, ICTSI launched an international and domestic expansion program in 1994. International Container Terminal Services, Inc. https://familysearch.org/ark:/61903/1:1:QKJ5-D2ST, More Power granted 25-year distribution franchise in Iloilo City, https://en.wikipedia.org/w/index.php?title=Enrique_K._Razon&oldid=993417594, Articles with unsourced statements from February 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 10 December 2020, at 14:37. ... which was last in the news for its ties to fellow tycoon Enrique Razon. © 2021 Forbes Media LLC. Enrique Razon Jr., aka Ricky, is my favorite billionaire conversation. Prime Infra is Razon’s core infrastructure arm with assets in renewable and sustainable energy, as well as water and construction. Enrique Razon, a casino and cargo terminal billionaire who does not gamble and says he feels more comfortable operating a port crane than he does glad-handing a crowd of high-rollers, said he would invest $100 million in Nigerian companies instead of stocks, Picasso paintings or Bitcoins. ICTSI also has subsidiaries in Eastern Europe, Africa, and the Americas. • Enrique “Ricky” Razon Jr. of port operator ICTSI reportedly has a G450 Gulfstream Challenger private jet arriving soon, costing between $35 and $40 million! In 2020, Forbes named Razon the third richest Filipino and the 565th individual in the world, with a personal wealth of $5.1 billion. An infrastructure push by the Philippines government has [...]. [4], Razon chairs the ICTSI Foundation, Inc., which oversees and implements the ICTSI Group's corporate social responsibility advocacies. He is also Chairman of Bloomberry Resorts Corp. (BRC), developer of Solaire Resort and Casino, a US$1.2 billion integrated resort complex in the Philippines’ Entertainment City. Photo via Bloomberry Resorts. The company primarily operates, manages, develops, and acquires container terminals to handle import and … 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. Henry Sy remains the country’s richest for 10 years in a row SINGAPORE (August 24, 2017) – Brisk economic growth in the Philippines – nearly 7% this year – is expected to carry into 2018, benefitting magnates who enjoy a broad business reach. ... including “environmentalists” with private jets … The vaccine czar said they will also create a synchronization matrix for the rollout of vaccines. In 1987, the Razon Group and the Soriano Group incorporated ICTSI, initially to bid for the Manila International Container Terminal (MICT) in the Philippines. In the Philippines, the only one who owns a Gulfstream jet is ICTSI chairman and president Enrique “Ricky” Razon, who travels in his own G550 to visit his container business empire spread across the world – from Japan, China, Hong Kong, India, Pakistan to Mexico, Colombia, Honduras, Brazil, Croatia, Poland and Madagascar in Africa. "The first thing you notice about flying private, however, has nothing to do with the brand of aircraft," says the author, here inside the G450, one of the Gulfstream jets of AirTaxi.ph he got to ride while filming a series of television features. ICTSI Chairman and President Enrique Razon, SM Group's Teresita Sy-Coson and Ayala Corporation's Jaime Augusto Zobel de Ayala MANILA - Philippine billionaires on Monday said more government stimulus is needed to revive the pandemic-battered economy, which slipped deeper into recession following an 11.5 percent contraction in the third quarter. As with many others around the world, Asia’s business leaders and companies have stepped up to combat the coronavirus pandemic. [citation needed], "Philippines, Manila, Civil Registration, 1899-1984," database with images, FamilySearch (. [2], Razon belongs to the third generation of a Spanish-Filipino family involved in the business of marine cargo handling.[3]. ICTSI also has subsidiaries in Eastern Europe, Africa, and the Americas. The complaint, filed by firms affiliated with billionaire Enrique Razon, accused Atwan and several entities of fraud in a real estate transaction, misrepresentation and breach of fiduciary duty. Sure, it has room for 16 passengers, and is equipped with a bathroom and shower, a queen-sized bed and satellite communications, but it’s not even owned by the Singaporean government. DNA Of Success: Katrina Razon Catalyzes Change Through Arts and Impact Investing, A New Generation Of Tycoons Debut On 2019 Forbes Philippines Rich List, Philippines' Richest 2019: With A Notable Five Deceased, A New Generation Takes The Helm, Philippines' Richest 2019: Enrique Razon's ICTSI Proves Safe Port In A Storm, Philippines' Richest 2019: Edgar Saavedra Goes From Building For Manila's Tycoons To Bidding Against Them, Voices of Success: Always be Prepared for Crisis, Says ICTSI’s Razon, Voices Of Success: Always Be Prepared For Crisis, Says ICTSI's Razon, Wealth Of Tycoons On 2018 Forbes Philippines Rich List See Volatile Year, Construction And Property Tycoons Score Big Gains On 2017 Forbes Philippines Rich List, Jeju Sun Sets On Philippine Billionaire Razon, Rises For Macau Junket In Korea, Amid Philippine Transition, Ghost Of Presidencies Past Rises In Razon Casino Plan, Bangladesh Bank Heist Exposes Laundering Links In Philippine Casinos, Philippines' Ricky Razon: 'There'll Be Casinos In Every Country'.