Gustavo Cisneros

Gustavo Alfredo Jiménez de Cisneros y Rendiles (1 June 1945 – 29 December 2023) was a Venezuelan businessman and Chairman of Grupo Cisneros.

A onetime billionaire, according to Forbes, his net worth peaked at US$6.0 billion in 2007 (equivalent to $ billion in prices when adjusted for inflation); he dropped off the billionaires' list in 2020 as a consequence of his Venezuelan assets losing value due to the long economic crisis in Venezuela.

Early life and education Cisneros was born on 1 June 1945, the son of Diego Cisneros and Albertina Cisneros (née Rendíles Martínez).

Cisneros's father, 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 Venevisión in 1961. The Cisneros family was the wealthiest in South America on the 2006 Forbes ranking.

Cisneros graduated from Suffield Academy in Connecticut in 1963. He graduated from Babson College in Massachusetts in 1968.

Grupo Cisneros Grupo Cisneros is one of the largest privately held media entertainment organizations in the world. The company has been headquartered in Coral Gables, Florida, since 2000.

Cisneros became President of Grupo Cisneros when he was 25 years old. Grupo Cisneros is one of the largest privately held Spanish-language 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. 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

In August 2013, Gustavo Cisneros appointed his daughter Adriana Cisneros de Griffin as the new Chief Executive Officer (CEO) of Cisneros.

Before his death, Cisneros was developing Tropicalia, a multibillion-dollar resort in Miches, northwest of Punta Cana, Dominican Republic. Its opening is scheduled for 2026.

Cisneros was listed among the world's richest men, according to Forbes magazine, which estimated his fortune at US$1.1 billion in 2019. His wealth decreased from its 2014 secondary peak of US$ 4.4 billion,

Cisneros was questioned about his relationship with Chávez.

Philanthropy

Cisneros supported two philanthropic entities: Colección Patricia Phelps de Cisneros and Fundación Cisneros.

Fundación Cisneros runs a wide range of educational and cultural programs aimed at improving the lives of Latin Americans. These include the AME program for professional development of Latin American educators, visual arts education and awareness based on the Colección Patricia Phelps de Cisneros; PPV, a visual thinking curriculum for Latin American school children, and traveling art exhibits showcasing the talents of Latin American artists for North America and European audiences.

Colección Patricia Phelps de Cisneros is a privately held Latin American art organization based in Venezuela and New York City. Patricia and Gustavo Cisneros began collecting Latin American abstraction after their marriage, in 1970. Over the years, it has grown to more than 2,000 pieces, including about 200 Spanish colonial objects. In addition, the couple has amassed a vast holding of ethnographic material from the Amazon.

Personal life Cisneros was married to his wife, Patricia, from 1970 until his death. She has been a significant MoMA benefactor since 1992, has been a trustee of the museum and has made substantial cash contributions to the museum's recent renovation. Her name is on one of the institution's exhibition rooms. In addition to MoMA, the Los Angeles County Museum of Art, the Hammer Museum, Long Beach's Museum of Latin American Art, and the Museo Reina Sofía in Madrid also have received art loans.

Cisneros lived in the Dominican Republic beginning in the 1990s.

Through his father, Diego Cisneros's paternal side, Cisneros is related to Pablo de Hita y Salazar, who was the 27th Governor of La Florida from 1674 to 1680.

Death On 29 December 2023, Gustavo Cisneros died in New York City, at the age of 78. Spanish newspaper El País reported that the cause of his death was pneumonia, a complication following a spinal surgery. The news was confirmed by Cisneros Media, the company owned by Cisneros, through a statement on social media. In the statement, they expressed deep sorrow over his death, describing him as a "visionary leader whose influence extended far beyond the business realm", known for his strategic vision and commitment to innovation. 2001: International Emmy Directorate Award 2004: Smithsonian Institution, Woodrow Wilson Center, Woodrow Wilson Award for Public Service 2005: MIPCOM, Personality of the Year Advertising Educational Foundation, Lifetime Achievement Award 2015: NATPE Brandon Tartikoff Legacy Award Recipient, with his daughter, Adriana Cisneros 2017: University of Miami, Doctor of humane letters

Leadership

Americas Society, Chairman's International Advisory Council Babson College, Board of Overseers Barrick Gold Corporation, Board of Directors; Member, International Advisory Board and Compensation Committee; Chair, Corporate Governance and Nominating Committee Cardinal Cisneros Foundation, Board of Trustees Council for the Atlantic Institute of Government, Member Global Information Infrastructure Commission (GIIC), Commissioner Haiti's Presidential Advisory Council on Economic Growth and Investment Harvard University, David Rockefeller Center for Latin American Studies, Advisory Committee Ibero-American Council for Productivity and Competitiveness, Member International Center for Economic Growth, Board of Overseers Rockefeller University, University Council, Member RRE Ventures LLC, Senior Advisor United Nations Information and Communication Technologies (ICT) Task Force, Charter Member

Past affiliations All-American Bottling Corporation, Chairman of the Board Chase Manhattan Bank, International Advisory Committee DirecTV, Executive Committee Georgetown University, Board of Trustees and the Latin American Board Hicks, Muse, Tate & Furst, Latin America Strategy Board of Directors Museum of Modern Art, Chairman's Council Panama Canal Authority, Board Member Panamerican Beverages, Inc., Board Member Power Corporation of Canada, Advisory Council Pueblo International, LLC, Board Member Queen Sofia Spanish Institute, Board of Directors The Nature Conservancy, Latin America Conservation Council United Nations Association of the United States, Member Univision Communications, Board Member World Economic Forum, Board of Governors for the Media, Communications and Entertainment Industries