#172

Enrique Razon Jr.

Source of wealth: Ports

66 years male Logistics 🇵🇭 PH

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Enrique Razon Jr.'s fortune with the healthcare spending of a massive country

Enrique Razon Jr. could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 7.5 years.

But even if we compare their fortune with that of a rich country

On the other end, Enrique Razon Jr. could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 3.3 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Enrique Razon Jr. could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 4.9 years.

And yes, we can also compare it with a rich country

But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Enrique Razon Jr. could pay for it entirely for 6.7 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Enrique Razon Jr. could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 28.1 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Enrique Razon Jr. with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.6 years.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Enrique Razon Jr.'s fortune is equivalent to 114 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.

Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.

Enrique Razon Jr. could buy 30,481,984 gold rings. That's a lot of fingers and way too many gifts!!

And if you're struggling to visualize that many rings, it would take 5 trucks to transport them. Although Enrique Razon Jr. will almost certainly have enough money left over to pay for the gas.

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Biography

Enrique Razon Jr. chairs International Container Terminal Services Inc. (ICTSI), the Philippines' largest ports operator by revenue.

ICTSI also has subsidiaries in the Asia-Pacific, Eastern Europe, Africa and the Americas.

Razon's grandfather started the business with a port in Manila in 1916, which his father rebuilt after WWII. Razon grew the business globally.

His hospitality firm Bloomberry Resorts has expanded its Philippine operations, opening a second Solaire casino complex in Metro Manila in 2024.

Razon has been stepping up infrastructure investments, buying out Ayala Corp. and taking control of Manila Water in May 2024. He also has stakes in a gas field and bulk water supply facilities in the archipelago.