Razon is the richest Filipino on Forbes’ World Billionaires List

PORTS AND CASINO tycoon Enrique K. Razon, Jr. saw his net worth surge over 50% to $16.5 billion, making him the richest Filipino on Forbes’ 2026 World's Billionaires List.

- Alexandria Grace C. Magno

According to the Forbes’ list, there were 15 billionaires from the Philippines, led by Mr. Razon.

Mr. Razon climbed 52 spots to 175th out of 3,428 billionaires on the global list, which was topped by tech mogul Elon Musk. He was the only Filipino in the top 200 billionaires in the world.

Based on Forbes’ estimates as of March 10, Mr. Razon’s net worth stood at $16.5 billion, 51.38% higher than $10.9 billion a year earlier.

Mr. Razon is the chairman of International Container Terminal Services, Inc. (ICTSI), the Philippines' largest ports operator by revenue, with subsidiaries across the Asia-Pacific, Eastern Europe, Africa, and the Americas.

"The substantial rise in Mr. Razon's net worth reflects the strong stock price performance of ICTSI, which is now the country's most valuable listed company," China Bank Capital Corp. Managing Director Juan Paolo E. Colet said in a Viber message.

"Mr. Razon's rise to the top of the list was largely driven by the surge in ICTSI, whose share price was among the strongest performers on the Philippine Stock Exchange index last year and year-to-date," DragonFi Securities Equity Research Analyst Jarrod Leighton M. Tin said in an interview.