Early Life
Enrique Klar Razon Jr. was born on March 3, 1960, into a third-generation Spanish-Filipino family with deep roots in the marine cargo handling business. From a young age, he was immersed in the world of ports and logistics, learning the ropes from his father, Enrique M. Razon Sr.
Rise to Success
Razon's career began in the family's cargo-loading business, where he took a minimum-wage job and worked his way up through the ranks. In 1987, he and the Soriano Group incorporated International Container Terminal Services, Inc. (ICTSI) to bid for the Manila International Container Terminal (MICT). After winning the MICT contract in 1988, Razon spearheaded its development, transforming it into the country's premier international gateway. Under his leadership, ICTSI expanded globally, with operations in numerous countries across six continents, making it one of the world's largest independent terminal operators. His strategic vision and aggressive expansion strategies propelled ICTSI to become a major player in the global port industry.
Key Business Strategies
Razon's business acumen is characterized by adaptability and strategic risk-taking. Key moves included the expansion of ICTSI into various international markets and diversification into the gaming and hospitality sectors with Bloomberry Resorts Corporation, which operates the Solaire Resort and Casino. The success of Solaire, which opened a second complex in Quezon City in May 2024, significantly contributed to his wealth. More recently, Razon has been stepping up infrastructure investments with a focus on renewable energy and water, including stakes in a gas field and bulk water supply facilities.
Philanthropy
Razon actively engages in corporate social responsibility through the ICTSI Foundation, Inc., supporting various initiatives. He is a patron of Philippine golf and supports organizations focused on education and disaster relief.
