Construction magnate David Consunji passes away


Posted at Sep 04 2017 10:43 PM | Updated as of Sep 05 2017 12:00 PM

Construction magnate David Consunji has passed away at the age of 95, his son Isidro said Monday.

MANILA - (2ND UPDATE) Billionaire David M. Consunji, who built one of the country's biggest construction and real estate empires from chicken houses, has died at 95, his son said Tuesday.

His cause of death was not disclosed. He will be interred on Saturday, according to his son Isidro, who runs the conglomerate named after the family patriarch, DMCI Holdings. 

The elder Consunji set up a contracting company in the 1950s after graduating from the University of the Philippines with a civil engineering degree. One of his first projects was to build chicken houses for the agriculture ministry. 

Another of his first projects was the dome-shaped Parish of the Holy Sacrifice chapel in his alma mater. 

He served government as public works, transportation and communications secretary under the Marcos administration. 

In 2014, he handed over leadership reins to his son, Isidro, just as his initials have become a common sight in construction sites across the country. 

Consunji has consistently landed in the Forbes list of richest Filipinos, with his wealth estimated at $3.1 billion this year. 

His remains lie at the Capilla de San Francisco of Santuario de San Antonio Parish in Makati City. It will be opened for viewing from Tuesday evening until Friday.

In lieu of flowers, the family asked that donations be made to the UP Engineering Research and Development Foundation, Inc. and Orani Suhay Foundation, Inc.