Construction tycoon Delfin J. Wenceslao, Jr. has passed away, D.M. Wenceslao & Associates, Inc. (DMWAI) announced on Friday.听He was 77.听
Mr. Wenceslao听was president and chairman of the listed property development and construction firm at the time of his death.听
“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.,”听DMWAI听said in a disclosure to the exchange.听听听
No other details were given.听听
Forbes listed Mr. Wenceslao as the 37th richest man in the Philippines with a net worth of $385 million.听
A licensed real estate broker, Mr. Wenceslao co-founded the listed property company and has held his posts since April 1965.听听听
He holds a bachelor’s degree in economics from Ateneo de Manila University. He pursued graduate studies at the Pamantasan ng听Lungsod听ng Maynila, graduating with a Master of Business Administration degree and later on earning a Doctorate in Business Administration.听听
Mr. Wenceslao was formerly the president of the Philippine Constructors Association, a board member at the International Federation of Asian and Western Pacific Contractors鈥 Associations, and a Chamber of Real Estate & Builders鈥 Associations, Inc. member.听 — Keren Concepcion G. Valmonte 听
