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# David Consunji

Random fact: Married college sweetheart, Fredesvinda Almeda, MoneySense said.


Consunji was the founder of DMCI Holdings, a construction company in the Philippines. The Makati City-based business has built properties for companies controlled by billionaires Henry Sy and Robert Kuok, and had revenue of $1.3 billion in 2016. He also had a stake in Semirara Mining and Power, the country's largest coal producer.

As of June 25, 2018:
Last change ()
YTD change ()
Industry Diversified
Biggest asset N/A
Citizenship Philippines
Age 95
Wealth Self-made
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Birthdate: 11/1921
Family: Married, 8 children
Education: 1993, University of The Philippines, Doctorate Degree, Law 12/1946, University of The Philippines, Bachelor's Degree

David Consunji learned about the basics of construction as a concrete inspector. After getting a civil engineering degree from the University of the Philippines, he set up D.M. Consunji in Manila, and built chicken coops for the Bureau of Animal Industry in 1954, according to his company's website.

He went on to build homes, manufacturing plants, offices and hotels, including Shangri-La Asia's hotels in Cebu, Makati City and Boracay in the Philippines. DMCI put up almost half of the buildings in the Makati central business district over several decades, MoneySense reported in March 2013.

Consunji, who served as secretary of the Department of Public Works, Transportation and Communications from 1971 to 1975, later ventured into real estate, power generation, water distribution, as well as nickel and coal mining. He stepped down as chairman of DMCI Holdings, the family's holding company that began trading on the Philippine Stock Exchange in 1995, in November 2014. His eldest son, Isidro Consunji, took over his role.

He died on Sept. 4, 2017 at the age of 95.

  • 1921 David Consunji is born in the Philippines.
  • 1954 Starts D.M. Consunji in a small room in Manila.
  • 1971 Becomes secretary of public works, transportation and communications.
  • 1992 DMCI receives contractor award at the Philippine Construction Industry Awards.
  • 1995 DMCI begins trading on the Philippine Stock Exchange.
  • 2002 Launches DMCI Homes, a residential development division.
  • 2011 Wins contract to build billionaire Enrique Razon's Solaire Resort & Casino.
  • 2014 Stepped down as chairman of DMCI Holdings.