Construction tycoon Wenceslao dies at 77

Construction tycoon Delfin J. Wenceslao, Jr. has passed away, D.M. Wenceslao & Associates, Inc. (DMWAI) announced on Friday. He was 77. 

Mr. Wenceslao was president and chairman of the listed property development and construction firm at the time of his death. 

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“It is with great sadness that the board of directors and management of [the company] announce that today, it was informed of the death of its President and Chairman of the Board, Mr. Delfin J. Wenceslao, Jr.,” DMWAI said in a disclosure to the exchange.   

No other details were given.  

Forbes listed Mr. Wenceslao as the 37th richest man in the Philippines with a net worth of $385 million. 

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A licensed real estate broker, Mr. Wenceslao co-founded the listed property company and has held his posts since April 1965.   

He holds a bachelor’s degree in economics from Ateneo de Manila University. He pursued graduate studies at the Pamantasan ng Lungsod ng Maynila, graduating with a Master of Business Administration degree and later on earning a Doctorate in Business Administration.  

Mr. Wenceslao was formerly the president of the Philippine Constructors Association, a board member at the International Federation of Asian and Western Pacific Contractors’ Associations, and a Chamber of Real Estate & Builders’ Associations, Inc. member.

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Article and Photo originally posted by Business World last September 17, 2021 7:06pm and written by Keren Concepcion G. Valmonte.

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