Gustavo Cisneros Net Worth is$5.3 Billion
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Profession: Investor
Date of Birth: Jun 1, 1945
Nicknames: Gustavo A Cisneros
Gustavo Cisneros is considered one of the richest men today with a net worth of $5.3 billion. Gustavo Cisneros achieved his net worth from his holdings and businesses investments, from products to telecommunications. He was born in Caracas, Venezuela and has been building his fortune over many years.
Gustavo A. Cisneros Rendiles (born 1945) is a Venezuelan media mogul of Cuban descent. He is among the world's richest men according to Forbes magazine, which estimated his fortune at $4.2 billion in 2010 The New York Times calls Cisneros, "one of Latin America's most powerful figures" and says he and his wife, Patricia Phelps de Cisneros, have a reputation for being "a Latin American power couple in business and the global social scene."
Cisneros is the son of Diego Cisneros. Diego Cisneros was in business in Caracas from 1929 and received the Pepsi concession for Venezuela in 1940, before going on to gain the concession for private TV channel Venevisi'on in 1961.
The Cisneros family was the first-wealthiest in South America on the 2006 Forbes ranking. He graduated from Suffield Academy in Connecticut in 1963 and from Babson College in Massachusetts in 1968.
In addition to Venezuelan citizenship, Cisneros also holds Spanish and Dominican citizenship.
Cisneros' wealth comes from his holdings in media, entertainment, telecommunications and consumer products companies. The Cisneros Group of Companies is one of the largest Spanish-language privately-held media and entertainment companies. Until the buyout of Univision, the United States' leading Spanish-language television network, Cisneros was one of the biggest shareholders of the Company. He also owns Venevision International, which produces and distributes media and entertainment products throughout the world, and Vendevisi'on, a Venezuelan television network. Since 1980 the Group has owned the Miss Venezuela contest and since 2001 also the Leones del Caracas baseball team.
Long an advocate of free enterprise Cisneros has for many years been expanding his operations outside of Venezuela and into overseas markets, including the U.S., Spain and more recently China.
One of his major accomplishments has been a major role in the international development of telenovelas - emotion-packed melodramas based

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Gustavo Cisneros Latest News

The Colección Patricia Phelps de Cisneros donates over 200 works of contemporary art

Patricia and Gustavo Cisneros, through the Colección Patricia Phelps de Cisneros (CPPC), will donate more than 200 artworks from its collection of Latin American contemporary art to six museums in ...
Posted: January 10, 2018, 4:00 pm

MoMA Receives Major Gift of 90 Works of Contemporary Art from the Colección Patricia Phelps de Cisneros

Together with the establishment of the Patricia Phelps de Cisneros Research Institute for the Study of Art from Latin America in 2016 and the more than 140 works by Latin American artists previously ...
Posted: January 11, 2018, 4:38 am

Latin-American TV Pioneer Maintains Global Vision

Yet that is exactly what the Cisneros family has accomplished, particularly under the leadership of 2015 Brandon Tartikoff Legacy Award winner Gustavo Cisneros, the chairman of the Cisneros Group of ...
Posted: March 29, 2018, 6:29 am
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