MANILA -- David Consunji, the founder of Philippine infrastructure conglomerate DMCI Holdings, died on Monday. He was 95.
Consunji, a civil engineer, founded the group in 1954, starting with D.M. Consunji Inc., a construction company. It became a sought-after contractor in the Philippines and abroad before diversifying into real estate, power generation, mining and water supply. DMCI, the listed holding company, has a market capitalization of 205 billion pesos ($4.01 billion), one of the largest in the Philippine Stock Exchange. Consunji had an estimated net worth of $3.6 billion and was the sixth-richest man in the Philippines, according to Forbes.
