Age, Biography and Wiki
Albert Winsemius was born on 26 February, 1910 in Leeuwarden, Netherlands, is a Dutch economist. Discover Albert Winsemius's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 86 years old?
Popular As |
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Occupation |
N/A |
Age |
86 years old |
Zodiac Sign |
Pisces |
Born |
26 February, 1910 |
Birthday |
26 February |
Birthplace |
Leeuwarden, Netherlands |
Date of death |
4 December, 1996 |
Died Place |
The Hague, Netherlands |
Nationality |
Singapore
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We recommend you to check the complete list of Famous People born on 26 February.
He is a member of famous economist with the age 86 years old group.
Albert Winsemius Height, Weight & Measurements
At 86 years old, Albert Winsemius height not available right now. We will update Albert Winsemius's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Not Available |
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Not Available |
Eye Color |
Not Available |
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Who Is Albert Winsemius's Wife?
His wife is Aly Winsemius-Schreiber
Family |
Parents |
Not Available |
Wife |
Aly Winsemius-Schreiber |
Sibling |
Not Available |
Children |
3 |
Albert Winsemius Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Albert Winsemius worth at the age of 86 years old? Albert Winsemius’s income source is mostly from being a successful economist. He is from Singapore. We have estimated Albert Winsemius's net worth, money, salary, income, and assets.
Net Worth in 2024 |
$1 Million - $5 Million |
Salary in 2024 |
Under Review |
Net Worth in 2023 |
Pending |
Salary in 2023 |
Under Review |
House |
Not Available |
Cars |
Not Available |
Source of Income |
economist |
Albert Winsemius Social Network
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Timeline
Albert Winsemius (26 February 1910 – 4 December 1996) was a Dutch economist best known for serving as an economic adviser to Singapore between 1961 and 1984.
He led the United Nations Survey Mission to Singapore and played a major role in the formulation of Singapore's national economic development strategy.
In 1960, Winsemius led the United Nations Expanded Programme for Technical Assistance (EPTA) team to examine Singapore's potential in industrialisation.
Singapore had just attained self-government and was facing high unemployment and a growing population.
Winsemius presented a ten-year development plan to transform Singapore from an entrepot trading port to a centre of manufacturing and industrialisation.
Winsemius's first emphasis was on creating jobs and attracting foreign investment.
Labour-intensive industries, such as the production of shirts and pyjamas, were expanded.
He also encouraged the large-scale public housing programme since he believed that it would bolster the country's image, which would attract foreign investors.
One of his earliest pieces of advice was not to remove the statue of Stamford Raffles, as it was a symbol of public acceptance of Singapore's British heritage and could alleviate concerns that investors have towards a new socialist government.
With Winsemius's help, Singapore attracted large oil companies such as Shell and Esso to establish refineries there.
During his term as Chief Economic Adviser between 1961 and 1984, Winsemius worked closely with Prime Minister Lee Kuan Yew, and key members of Lee's government such as Goh Keng Swee and Hon Sui Sen.
Later, Winesimus also had a close partnership with Goh Chok Tong, Lee's successor as Prime Minister.
He visited Singapore two or three times a year to review economic performance indicators and to discuss macro-economic strategy with government planners.
In 1967, Yusof Ishak, the first President of Singapore, awarded him the Distinguished Service Medal.
In the 1970s, Singapore was upgrading its industrial capacity to use higher technological methods, including electronics.
Winsemius personally went to persuade large Dutch electronics companies such as Philips to set up production plants in Singapore.
He also proposed for Singapore to be developed as a financial centre, as well as an international centre for air traffic and sea transport.
Over the next twenty years, those predictions proved to be accurate.
In 1970, he was conferred an honorary degree by the National University of Singapore.
In 1976, he received the National Trades Union Congress' May Day Gold Medal of Honour.
There is a lane in Clementi named after him.
Winsemius' son, Pieter Winsemius, served as Minister of Housing, Spatial Planning and the Environment in the Dutch government from 1982 to 1986.
Winsemius was a good friend of Singaporean politician Devan Nair, and kept a poem composed by Nair titled "The Yangtze's Voyage Through History" framed in his study.
In 1983, Winsemius retired from his position as Singapore's economic adviser at the age of 74.
He said, "I leave with a saddened heart. It (Singapore) has become part of my life, more or less. It can do without me. It could do without me years ago. But it became part of my life. So I will shed a few tears, imaginary tears."
Winsemius died of pneumonia in the Netherlands on 4 December 1996.
In a letter of condolences to his family, Lee Kuan Yew wrote, "It was Singapore's good fortune that he [Winsemius] took a deep and personal interest in Singapore's development. Singapore and I personally are indebted to him for the time, energy and development he gave to Singapore. I am proud to have known him and to have been his friend."
When asked about his life as an economist, Winsemius once said, "There is quite a lot of satisfaction, perhaps not like that of, say, an architect who can look at something and say, 'I made it'. But there is that satisfaction in knowing that you have contributed to the well being of people you don't know...."
Winsemius married Aly Schreiber.
They had a son, two daughters and eight grandchildren.
In 1997, Nanyang Technological University established the Albert Winsemius Professorship as a lasting tribute to Winsemius for his significant contributions to Singapore's economic development.
For his contributions to Singapore's economic development, Winsemius was conferred several honours.