⬅ # 205 Jay Chaudhry|# 207 Alexander Gerko ➡

# 206 Enrique Razon Jr. 

$10.6B

Real Time Net Worth
as of 6/24/2024
$265.8M (2.50%)

# 206 Enrique Razon Jr. 

$10.6B

Real Time Net Worth
as of 6/24/2024
$265.8M (2.50%)
OccupationCofounder, Chair, and President of ICTSI
Source of WealthPorts
Age64
ResidenceManila, Philippines
Marital StatusMarried
Children2
Age-Adjusted Net Worth$8.10B
Enrique Razon Jr.
Enrique Razon Jr.
Philippines
Net worth: $10.6B

Self-Made Score 

Wealth History

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Biography

Early Life and Education

Enrique Klar Razon, Jr. was born on March 3, 1960, into a third-generation Spanish-Filipino family deeply entrenched in the marine cargo handling business.
He pursued his college education at De La Salle University in Manila before embarking on his business career.

Business Ventures

In 1987, Razon co-founded International Container Terminal Services, Inc. (ICTSI) with the Soriano Group, primarily to bid for the Manila International Container Terminal (MICT) contract.
After securing the MICT contract in 1988, Razon led the development program for MICT, which marked the beginning of ICTSI's ascension.
Under Razon's leadership, ICTSI expanded its operations internationally and domestically, launching an ambitious expansion program in 1994.
Apart from his endeavors in port operations, Razon has diversified his investments into power, mining, oil and gas exploration, and leisure facilities.
Enrique Razon acquired MORE Power (MORE Electric and Power Corporation or Monte Oro Resources), replacing Panay Electric Company (PECO) as Iloilo City's sole power distributor in 2019, facilitated through a legislative franchise.

Corporate Leadership

Razon is the chairman and CEO of ICTSI, a Manila-listed company that stands as a Philippine port-handling giant.
He also serves as the chairman of Bloomberry Resorts Corp., overseeing the development of Solaire Resort and Casino, a $1.2 billion integrated resort complex in the Philippines' Entertainment City.
In addition, Razon chairs Manila Water, the private concessionaire of Metropolitan Waterworks and Sewerage System, serving a population exceeding 7 million in the East Zone of Metro Manila and Rizal Province.

Philanthropy

Razon established the ICTSI Foundation, Inc., to oversee and implement corporate social responsibility initiatives within the ICTSI Group.
He is a prominent supporter of Philippine golf, backing the Philippine Golf Tour and extending assistance to amateur golf development through programs like ICTSI-The Country Club.
In 2003, Razon donated ₱50 million to De La Salle University for sports development, allocating funds for the Enrique M. Razon Sports Complex, athletic scholarships, and a sports solidarity fund.

How long would it take you to become as rich as Enrique Razon Jr.?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Enrique Razon Jr.'s net worth of $10.6B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.35% compared to 16.28% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Enrique Razon Jr. is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Enrique Razon Jr., Ports is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey