Delta Motors Corp. founder and former Bulacan Rep. Ricardo Silverio Sr. (Photo from the Facebook Page of San Rafael Municipality, Bulacan)
CITY OF MALOLOS — Industrialist and former Bulacan Rep. Ricardo Silverio Sr., who founded the Delta Motors Corp., died on Sunday after suffering a cardiac arrest. He was 87.
He will be buried on Thursday (Dec. 15) at the memorial park in his hometown San Rafael in Bulacan province.
Silverio founded Delta Motors Corp. in 1961 and acquired the exclusive right to assemble and distribute Toyota cars and trucks in the country.
Delta Motors grew rapidly and became the flagship of a business conglomerate composed of close to 50 firms here and abroad.
He also ventured into the airline business through Delta Air.
Born to a poor family in San Rafael in 1929, Silverio rose to become one of the richest businessmen in the country.
He started as a salesman for a textile firm in Divisoria, which he later bought. That allowed his family to build an import-export company before he set up a business group composed of 46 companies and two overseas firms.
Silverio was elected representative of Bulacan’s third district in 1992, 1995 and 1998. In 2001, he won a close fight in the mayoral race in San Rafael. He was re-elected mayor in 2004 and 2007. His wife, Lorna, is the incumbent representative of Bulacan’s third district. SFM