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

Alleged Gang Member's Robbery Appeal Denied By Ga. Supreme Court

The high court unanimously turned down the appeal, which claimed Gustavo Cisneros didn't get a fair trial. Cisneros, then a teenager and alleged member of the PL-14 street gang, was indicted on charges stemming from a string of home invasions in 2004.
Posted: October 19, 2016, 7:35 am

Man serving life sentences for violent ‘04 Gwinnett robberies loses appeal

The court upheld the Georgia Court of Appeals’ decision to convict Gustavo Cisneros for armed robbery, burglary, aggravated sexual battery and sexual battery. In 2008, a trial jury acquitted Cisneros of a few counts but found him guilty of 19 offenses ...
Posted: October 18, 2016, 7:10 pm

MoMA boosts Latin American holdings with Cisneros collection

The Venezuelan collector Patricia Phelps de Cisneros and her husband Gustavo Cisneros have donated 102 works of Latin American art to the Museum of Modern Art (MoMA) in New York, the museum announced today, 17 October. The gift of art spanning the 1940s to ...
Posted: October 17, 2016, 8:36 am
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