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Enrique Razon Jr. has an estimated net worth of $4.9 billion.
Born on March 30, 1960, Enrique Razon Jr. is the CEO and Chairman of the Manila-listed company ICTSI or International Container Terminal Services, Inc. This business was initially established by his grandfather in Manila's main port in the South Harbor. He has the same name as his father, Enrique Razon who was able to build the business in World War II.
In the year 1987, Razon was able to inherit the International Container Terminal Services, Inc. that eventually became one of the largest corporations that provide container-port terminal services in Poland, Brazil, Batangas, General Santos City, Subic, and Manila. He eventually became wealthier because of his stake in the Bloomberry Resorts and Hotels.
Razon eventually sold the Manila Standard to Leyte Representative Martin Romualdez for $1.91 million. This allowed him to divest from the newspaper business.
When it comes to philanthropy, Razon has a basketball team in the PBL or Philippine Basketball League that gets most of their players from the De La Salle University's Green Archers. Aside from that, he is also an avid golfer that supports the local pro circuit through the Philippine Golf Tour. Through the ICTSI-The Country Club Program, he helps amateur golf and supports the Canlubang Golf Team.
Razon eventually donated $956.19 thousand for sports development in DLSU which led to the provision of athletic scholarships, a sports solidarity fund as well as the provision of the needed facilities and equipment in the Enrique M. Razon Sports Complex that was named after his father.
Earnings & Financial Data
Date |
Category |
Description |
Amount |
---|---|---|---|
2019 |
Asset |
Estimated value of Enrique Razon Jr.'s 2,511,329,207 equities in Apex Mining Co. Inc. |
$79,760,000 |
2019 |
Asset |
Estimated value of Enrique Razon Jr.'s 82,983,213 equities in International Container Terminal Service (ICT) Marine Port Services |
$157,810,000 |
2019 |
Asset |
Estimated value of Enrique Razon Jr.'s 7,113,389,332 equities in Bloomberry Resorts Corp (BLOOM) Hotels, Motels & Cruise Lines |
$1,270,000,000 |
2017 |
Sale of Asset |
Sale of Enrique Razon Jr.'s 350 million shares or 3.18% stake in leisure and gaming firm Bloomberry Resorts Corporation |
$74,700,000 |
2016 |
Salary |
Combined paychecks of Enrique Razon Jr. as chairman, Thomas Arasi as chief executive, president and chief operating officer and three other top executives for the year 2016 |
$399,460 |
2015 |
Salary |
Combined paychecks of Enrique Razon Jr. as chairman, Thomas Arasi as chief executive, president and chief operating officer and three other top executives for the year 2015 |
$687,540 |
2012 |
Asset |
Investment in the Bloomberry Investments Holdings, Inc. which 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 |
$200,000,000 |
2010 |
Sale of Asset |
Sale of the Manila Standard to Leyte Rep. Martin Romualdez, whose conglomerate owns the Journal Group of Publications |
$1,920,000 |
2003 |
Earning Turned Donation |
Donation for DLSU’s sports development for the equipment and facilities of the Enrique M. Razon Sports Complex (named after his father), athletic scholarships, and a sports solidarity fund |
$956,190 |