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Gustavo Cisneros

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Gustavo Alfredo Jiménez de Cisneros y Rendiles (1 June 1945 – 29 December 2023) was a Venezuelan businessman and Chairman of Grupo Cisneros.<ref name=NewLeftReview-Profile-2006>Template:Cite news</ref><ref name=ABC-LosCisneros-2015>Template:Cite news</ref>

A onetime billionaire, according to Forbes, his net worth peaked at US$6.0 billion in 2007 (equivalent to $Template:Inflation billion in Template:Inflation/year prices when adjusted for inflation);<ref>Template:Cite news</ref> 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 educationEdit

Cisneros was born on 1 June 1945,<ref name=GustavoCisneros-UnEmpresarioGlobal-2004>Template:Cite book</ref><ref name=GustavoCisneros-Pioneer-2004>Template:Cite book</ref>Template:Rp the son of Diego Cisneros and Albertina Cisneros (née Rendíles Martínez).<ref name=ElUniversal-DiegoCisneros-100Years-2011>Template:Cite news</ref>

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.<ref name=Telegraph-Interview-2005>Template:Cite news</ref><ref name=Forbes-SouthMiddleAmerica-WorldsRichest-2006>Template:Cite news</ref>

Cisneros graduated from Suffield Academy in Connecticut in 1963.<ref name=Cisneros-SuffieldCommencement-2006>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> He graduated from Babson College in Massachusetts in 1968.<ref name=Babson-AcademyMember-Bio>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Grupo CisnerosEdit

Grupo Cisneros is one of the largest privately held media entertainment organizations in the world.<ref name=NAPTE-Tartikoff-BioReel-2015>Template:Cite news</ref> The company has been headquartered in Coral Gables, Florida, since 2000.<ref name=MiamiHerald-eMerge-2017>Template:Cite news</ref>

Cisneros became President of Grupo Cisneros when he was 25 years old.<ref name=ABC-LosCisneros-2015 />

Cisneros's wealth came from his holdings in media, entertainment, telecommunications, and consumer products companies.<ref name=TVLatina-Profile-2005>Template:Cite news</ref> Grupo Cisneros is one of the largest privately held Spanish-language media and entertainment companies.<ref name=Forbes-TheVisionary-2001>Template:Cite news</ref>

Until the buyout of Univision, the United States’ leading Spanish-language television network, Cisneros was one of the biggest shareholders of the company.<ref name="Forbes-TheVisionary-2001" /> He also owned Venevision International, which produces and distributes media and entertainment products throughout the world, and Venevisión, a Venezuelan television network.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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<ref name=GustavoCisneros-UnEmpresarioGlobal-2004 /><ref name=GustavoCisneros-Pioneer-2004 />Template:Rp Cisneros for many years expanded his operations outside of Venezuela and into overseas markets, including the U.S., Spain, and later China.<ref name=TVLatina-Profile-2005 /><ref name=Bloomberg-China-2011>Template:Cite news</ref>

In August 2013, Gustavo Cisneros appointed his daughter Adriana Cisneros de Griffin as the new Chief Executive Officer (CEO) of Cisneros.<ref name=MiamiHerald-AdrianCisneros-Feature-2013>Template:Cite news</ref><ref name=MiamiHerald-AdrianaCisnerosVideo-2012>Template:Cite newsTemplate:Cbignore</ref>

Before his death, Cisneros was developing Tropicalia, a multibillion-dollar resort in Miches, Template:Convert northwest of Punta Cana, Dominican Republic.<ref name=ListinDiario-Tropicalia-2009>Template:Cite news</ref> Its opening is scheduled for 2026.<ref>Template:Cite news</ref>

Cisneros was listed among the world's richest men, according to Forbes magazine, which estimated his fortune at US$1.1 billion in 2019.<ref name=Forbes-GustavoCisnerosAndFamily>Template:Cite news</ref> His wealth decreased from its 2014 secondary peak of US$ 4.4 billion,<ref name=Forbes-GustavoCisnerosAndFamily/> and its 2007 primary peak of US$ 6.0 billion.

PoliticsEdit

Although Cisneros and Hugo Chávez were originally friends and Cisneros contributed to Chávez's first presidential campaigns, Cisneros was accused of involvement in the 2002 Venezuelan coup d'état attempt against Chávez after their relationship became strained because of Chávez's confrontation with the media.<ref name=SilenceAndTheScorpion-2009>Template:Cite book</ref>

Cisneros was questioned about his relationship with Chávez.<ref name=NYTimes-Chavez-2002>Template:Cite news</ref>Template:Clarify

PhilanthropyEdit

Template:See also Cisneros supported two philanthropic entities: Colección Patricia Phelps de Cisneros and Fundación Cisneros.Template:Cn

Fundación Cisneros runs a wide range of educational and cultural programs aimed at improving the lives of Latin Americans.<ref name=FundacionCisneros-QuienesSomos-AboutUs>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.<ref name=ExpansionMexico-CisnerosArt-2007>Template:Cite news</ref>

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.<ref name="Spreading the riches"/> Based in New York and Caracas, the Colección Patricia Phelps de Cisneros today also includes works by Uruguay's Joaquín Torres-García, Brazil's Lygia Clark, and Venezuelan modern masters Jesús Rafael Soto, Alejandro Otero, and Carlos Cruz-Diez. The Cisneros Foundation was moving toward building a permanent institution in Caracas in the late 1990s until Hugo Chávez was elected president. In 2007, the foundation encountered resistance from the Chávez government when lending works by Venezuelan painter Armando Reverón (1889-1954) to New York's Museum of Modern Art for the museum's first retrospective devoted to a single Latin American artist in 50 years.<ref name="An art trove ends its nomadic phase">Chris Kaul (28 January 2009), An art trove ends its nomadic phase Los Angeles Times.</ref>

Personal lifeEdit

Cisneros was married to his wife, Patricia, from 1970 until his death.<ref name="Spreading the riches">Suzanne Muchnic (19 August 2007), Spreading the riches Los Angeles Times.</ref><ref name=ColeccionCisneros-Ch1-Video-2016>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.<ref name="An art trove ends its nomadic phase"/><ref>Cristina Carrillo De Albornoz (27 March 2012), Madrid's Reina Sofía signs agreement with Cisneros Foundation The Art Newspaper.</ref> Template:Cn span

Cisneros lived in the Dominican Republic beginning in the 1990s.<ref name=ElNacional-WhoIsGustavo-2016>Template:Cite news</ref><ref name=Residence>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref name=Acento-DominicanCitizenship-2014 /><ref name=7Dias-DominicanCitizenship-2014 />

In addition to Venezuelan citizenship, Cisneros also held United States, Spanish, and Dominican citizenship.<ref>Pablo Bachelet, Gustavo Cisneros Un empresario global, Barcelona, Planeta pag.20</ref>

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.<ref name=UMiami-Commencement-2017 /> As a tribute to his father, Cisneros published a book about the Cisneros family tree.<ref name=EFE-LosCisneros-2015>Template:Cite news</ref>

DeathEdit

On 29 December 2023, Gustavo Cisneros died in New York City, at the age of 78.<ref>Venezuelan businessman Gustavo Cisneros dies at 78</ref><ref name=":0">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.<ref name=":0" />

CommendationsEdit

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  • 1979: Orden Isabel la Católica, Grado Encomienda (1 collar, 1 medallita, 1 botón) – Spain
  • 22 January 1999: Orden Nacional al Mérito, en el Grado de Oficial (3 medallas) – Ecuador
  • 1980: Caballero de la Soberana Orden de Malta, Gracia Magistral (6 medallas, 2 botones, 1 prendedor, 2 cajitas rojas vacías, 2 cajitas azules vacías) – Italy
  • 23 November 1982: Orden Mérito al Trabajo, Primera Clase (1 medalla. 1 botón) – Venezuela
  • 1983: Orden Francisco de Miranda, Primera Clase (1 medalla, 1 botón) – Venezuela
  • 1983: Orden Francisco de Miranda, Segunda Clase (1 medalla, 1 botón) – Venezuela
  • 12 January 1984: Orden Andrés Bello, Banda de Honor (1 medalla, 1 botón) – Venezuela
  • 16 May 1984: Orden Isabel la Católica, Grado Encomienda de Número (1 collar, 1 placa, 4 medallitas, 2 botones) – Spain
  • 12 June 1984: Orden del Libertador, Gran Oficial, Segunda Clase (1 medalla, 1 botón – Venezuela
  • December 1990: Orden del Libertador, Gran Cordón (2 medallas, 1 botón) – Venezuela
  • 30 October 2004: Orden del Congreso de Colombia en el Grado de Oficial – Colombia
  • 30 October 2004: Orden de la Democracia Simón Bolívar en el Grado de Gran Cruz – Colombia
  • Orden Diego de Losada, Primera Clase (1 collar, 1 prendedor, 2 botones) – Venezuela
  • Orden al Mérito del Ministerio Público, Primera Clase (1 collar, 1 medallita, 2 botones) – Venezuela
  • Llave de la ciudad de Cartagena de Indias – Colombia
  • Cultura Campesina Colombia ACPO (1 collar) – Colombia

HonorsEdit

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|CitationClass=web }}</ref> Recipient, with his daughter, Adriana Cisneros<ref name=NATPE-TartikoffAward-CisnerosVideo-2015>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref name=NAPTE-TartikoffAward-Video-2015>Template:Cite newsTemplate:Cbignore</ref>

LeadershipEdit

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  • 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<ref name=GIIC-Commissioner>{{#invoke:citation/CS1|citation

|CitationClass=web }}</ref>

  • 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<ref name=ABC-LosCisneros-2015 />
  • 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 affiliationsEdit

See alsoEdit

ReferencesEdit

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Further readingEdit

Video

External linksEdit

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