Age, Biography and Wiki
Rodolfo Cuenca is a Filipino businessman and philanthropist. He is the Chairman of the Philippine Long Distance Telephone Company (PLDT), the largest telecommunications company in the Philippines. He is also the Chairman of the Metro Pacific Corporation, the largest infrastructure conglomerate in the country.
Cuenca was born on May 1, 1928 in Manila, Philippine Islands. He attended the University of the Philippines and graduated with a degree in Business Administration.
Cuenca began his career in the telecommunications industry in the 1950s. He was appointed as the President of the Philippine Long Distance Telephone Company (PLDT) in 1972. He served as the Chairman of the company from 1975 to 2000.
Cuenca is also the Chairman of the Metro Pacific Corporation, a conglomerate that is involved in infrastructure, energy, and water projects. He is also the Chairman of the Metro Pacific Investment Corporation, a publicly listed company.
Cuenca is a philanthropist and has been involved in various charitable activities. He is the Chairman of the Cuenca Foundation, a non-profit organization that provides educational assistance to underprivileged children.
Cuenca is 95 years old and has an estimated net worth of $1.2 billion.
Popular As |
N/A |
Occupation |
Businessman |
Age |
95 years old |
Zodiac Sign |
Taurus |
Born |
1 May 1928 |
Birthday |
1 May |
Birthplace |
Manila, Philippine Islands |
Date of death |
October 01, 2023 |
Died Place |
N/A |
Nationality |
Philippines |
We recommend you to check the complete list of Famous People born on 1 May.
He is a member of famous Chairman with the age 95 years old group.
Rodolfo Cuenca Height, Weight & Measurements
At 95 years old, Rodolfo Cuenca height not available right now. We will update Rodolfo Cuenca's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Parents |
Not Available |
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Not Available |
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Rodolfo Cuenca Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Rodolfo Cuenca worth at the age of 95 years old? Rodolfo Cuenca’s income source is mostly from being a successful Chairman. He is from Philippines. We have estimated
Rodolfo Cuenca's net worth
, money, salary, income, and assets.
Net Worth in 2023 |
$1 Million - $5 Million |
Salary in 2023 |
Under Review |
Net Worth in 2022 |
Pending |
Salary in 2022 |
Under Review |
House |
Not Available |
Cars |
Not Available |
Source of Income |
Chairman |
Rodolfo Cuenca Social Network
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Timeline
In June 2018, the Philippine Supreme Court’s First Division dismissed the complaint of the PCGG against the 2010 Sandiganbayan ruling, stating that the Supreme Court was not able to review the evidence in order to rule on the PCGG’s complaint. The 28-page decision penned by Supreme Court Associate Justice Noel Tijam said that: "In order to determine the veracity of the Republic's main contention that it has established a prima facie case against respondents through its documentary and testimonial evidence, a reassessment and reexamination of the evidence is necessary[….] Unfortunately, the limited and discretionary judicial review allowed under Rule 45 does not envision a re-evaluation of the sufficiency of the evidence upon which respondent court's action was predicated. "
In the 2000s, Cuenca sought out authors Jose Dalisay Jr. and Antonette Reyes to write his biography, which was eventually published in September 2010 under the title "Builder of Bridges: the Rudy Cuenca Story".
On July 24, 1987, the Presidential Commission on Good Government (PCGG) filed a case whose respondents included Cuenca and his son Roberto, Imelda Marcos, Roberto Ongpin, former Philippine National Bank president Panfilo O. Domingo, Development Bank of the Philippines officer Don Ferry, and eleven others, claiming that the respondents had engaged in “schemes, devices or stratagems” to acquire ill-gotten wealth. On August 5, 2010, the Sandiganbayan dismissed the case after throwing out 60 of the 100 documentary exhibits presented by the PCGG at the trial because they were photocopies, rather than original copies of the documents. The 27-page decision penned by Sandiganbayan Associate Justice Alex L. Quiroz, asserted that “since the due execution and authenticity of said photocopied documents had not been proved, the same were inadmissible in evidence. Further, the documents in question were rendered inadmissible as they were only photocopies.”
CDCP, again at Imelda's behest sought out a land reclamation project in Manila Bay. They were to construct an artificial 240-hectare white beach behind the Cultural Center of the Philippines. The rationale of the project was to create a 'Cannes' vibe for the international visitors of the Manila Film Festival. The white sand was quarried from the cities of Mariveles and Cavite. This area is now known to be the Manila Bay Free port Zone. Also at Imelda's command, CDCP and other companies worked to create a "huge complex of native-style pavilions" for representatives of the United Nations Conference on Trade and Development in their 1979 conference in Manila. The complex became a ghost town throughout the 1980s.
Another project of the CDCP was the Light Rail Transit (LRT), this time partly financed by a $40 million loan from the Belgian government. A study of the World Bank in 1977 challenged the intentions of the project, stating that Manila needed a street-level transport system, not a 'high-flyer'. A street-level transport system would also cost much cheaper, with only a $8.1 million estimate, compared to the $278 million over-all cost for the LRT. Despite these skepticism, Marcos permitted Cuenca to begin construction in October 1981.
In 1974, the Marcos administration and the CDCP tapped Japanese Official Development Assistance (ODA) loans to build the San Juanico Bridge, which crossed the San Juanico Strait and connected the two then-underdeveloped islands of Leyte and Samar. With a total length of 2.16 kilometers (1.34 mi), it remains the longest bridge spanning a body of seawater in the Philippines.
It was touted as President Ferdinand Marcos' "birthday gift" to his wife Imelda, and it was one of the high-visibility foreign-loan projects initiated by Marcos during the run-up to the 1969 Presidential election campaign. Completed four years later, it was inaugurated on July 2, 1973 - Imelda Marcos' birthday.
Journalist Amando Doronila, who had himself been one of the first critics arrested when Marcos proclaimed martial law in 1972, noted that "the book is the first time a Marcos crony or a senior functionary has written about his role in the Marcos hierarchy," adding that in the book, "Rodolfo Cuenca who admits to being a Marcos crony, reveals for the first time an insider’s view of the heightening rivalry among power blocs within the Marcos inner circle as the dictator’s health started to deteriorate in 1983... The book reveals the corruption and the corrosive tensions among the Marcos’ Palace elite that contributed to its downfall during the last three years of the dictatorship."
The first major government contract CDCP was awarded were for the construction of Manila North and South Luzon Expressways. By the end of 1968, the first phase of the Manila North Luzon Expressway (NLEX) was open to the public, the road measuring 28 kilometers towards Guiginto Bulacan from Balintawak. In the same year of 1968, construction for the Manila South Luzon Expressway (SLEX) began. The initial 16-kilometer stretch from Nichols to Alabang was finished by 1970.
These contracts also allowed CDCP to gain back their expenditures and/or capital by collecting toll fees for a decade, "starting from 1968 or until it accumulated $6.1 million, whichever came first." CDCP, however, requested that the duration be extended, as well the amount increased, justifying that their cost of operations had also inflated, and that they were held responsible "not only to maintain the highways but also to improve and 'expand' them." Although a TRB report showed evidence that CDCP has amassed $25.6 million already in one year alone from 1976–77, TRB approved their request and extended the duration to thirty years. Presidential Decrees (PD) 1112 and 1113 in 1977 also imposed an increase in toll rates, forcing the public to pay steep fees that would primarily benefit CDCP and Cuenca's pocket. During a 1975 toll hike, buses boycotted the NLEX and SLEX roads. The Marcos administration retaliated by releasing a PD that closed service roads for buses, which then had no choice to pass through the expressways.
According to Cuenca, it was in also in 1967 when he started joining Marcos to play golf, along with Robert "Bobby" Benedicto, the latter's classmate in UP Law School, and the former's close friend since the 1950s. These frequent golf sessions would continue well into the Martial Law era. For Marcos' re-election campaign in 1969, Cuenca again played the role of fundraiser.
Cuenca's chairmanship of Construction & Development Corporation of the Philippines (CDCP) began in 1967, and lasted until 1983. It was during this period that Cuenca acquired much of his wealth, properties, and companies. Between these years, CDCP experienced a rapid rise of profits, mainly through what critics called "bloated" government contracts. These profits then suddenly plummeted, due to accumulation of government debts and unnecessary expenses.
Cuenca financially donated to Ferdinand Marcos' first presidential campaign in 1965. In his second year of presidency, Marcos awarded large-scale projects to Cuenca's company, Cuenca Construction Company, which later became part of the Construction and Development Corporation of the Philippines (CDCP). Under the Republic Act (RA) 3741, private contractors were allowed to bid for government infrastructure projects. In 1967, CDCP won government contracts to build the Manila North and South Expressways, valued in just over $16 million. The company maintained its favored treatment until the early 80s, for the benefit Cuenca and Marcos, both of whom allegedly "divided and funneled commissions" and kickbacks into their own pockets.
During the Second World War, Cuenca withdrew from high school and worked some jobs, one of which was at the General Engineering Depot for the US Army in Malolos. In 1946, he returned to Ateneo to finish high school. He then enrolled in Far Eastern University to study commerce, but soon dropped out to work as a road contractor. On 2 January 1948, he married Yasmin Santos, whom Cuenca met in Angat, Bulacan.
Rodolfo Cuenca was born on May 1, 1928, at the Philippine General Hospital, to Nicolas and Cristina Cuenca. He is the eldest among four children. Cuenca spent his early years in Vigan, as his father was assigned district engineer in Ilocos Sur. In 1937, the family transferred to Bulacan, where Cuenca finished his fourth and fifth grade. He continued sixth grade in Ateneo de Manila on Padre Faura, then transferred to the Intramuros campus for his seventh grade.