No.7 Enrique Razon Jr.

Enrique Razon Jr.

                                        Rank: #7 (unchanged)
                                        Net worth: $1.6 billion
                                        Age: 51
                                        Marital Status: Married

                                        Children: 2


     Mr. Enrique K. Razon, Jr. serves as the Chief Executive Officer and President of International Container Terminal Services Inc. He is also the Owner of Prime Metroline Transit Corporation. Mr. Razon serves as the President of Cebu International Container Terminal, Inc. Mr. Razon serves as the Chairman and President of ICTSI Ltd., International Container Terminal Holdings, Inc., Razon Industries, Inc., and Sureste Realty Corp. Mr. Razon has been President of Active Alliance

     Enrique K. Razon Jr. is currently the Chairman of the Board and President of International Container Terminal Services (ICTSI), the largest corporation in the country providing container port terminal services in Manila, Subic, Batangas, General Santos City, Poland and Brazil.

     Razon is concurrently the Chairman of Razon Industries, Inc.; and Sureste Realty Corp. Mr. Razon has been a Director of ICTSI since 1988, and Chairman since 1995. He chairs ICTSI Manila Holdings, Inc.; ICTSI Warehousing, Inc. (IWI); Asia Star Freight Services, Sureste Properties, Inc. and Provident Management Group, Inc. He is President of Cebu International Container Terminal, Inc. and a Director of A. Soriano Corp.; International Exchange Bank; CLSA Exchange Capital; Kamahalan Publishing Co.; Kagitingan Printing Press, Inc.; and Philippine Skylanders, Inc.

     Razon is also a member of the American Management Association, Management Association of the Philippines, Pacific Basin Economic Council, and World Economic Forum. In 2003, he was named by the President of the Republic of the Philippines as a member of the Public-Private Sector Task force on the Reconstruction and Development of Iraq.

     Port operator who controls listed International Container Terminal Services is the Philippines’ youngest billionaire.Another newly minted billionaire is port operator Enrique Razon Jr., who saw his net worth jump to $1.6 billion from $975 million last year. His International Container Terminal Service (ICTSI) has bought controlling stakes in two terminal ports, one in India's Tamil Nadu and one in Croatia. His private company, Bloomberry, also put $350 million into a hotel complex in Manila's Bagong Nayong Pilipino Entertainment City.