Ports Billionaire Enrique Razon Jr. Drives Global Expansion To Become The Philippines’ Richest Tycoon

--:-- / --:-- This voice experience is generated by AI. Learn more . This voice experience is generated by AI. Learn more . This story appears in the August 2026 issue of Forbes Asia. Subscribe to Forbes Asia This story is part of Forbes’ coverage of Philippines’ Richest 2026. See the full list here .

Ports billionaire Enrique Razon Jr. charged ahead to become the Philippines’ richest person this year for the first time since his debut on the list in 2007. Shares of his International Container Services (ICTSI), where he is chairman and president, more than doubled in the past year, making it the country’s most valuable publicly traded company and helping Razon’s net worth to balloon at roughly the same rate to $21.8 billion. The port operator reported record earnings for 2025, with net profit climbing 23% to $1.1 billion on an 18% rise in revenue to $3.2 billion. The growth was driven by Razon’s expansionist moves across the country and beyond.