Vj gustavo cisneros biography

Venezuelan media mogul (–)

In this Spanish name, the first or paternal surname is Jiménez de Cisneros and the second or maternal family name is Rendiles.

Gustavo Alfredo Jiménez de Cisneros y Rendiles (1 June – 29 December ) was a Venezuelan businessman and Chairman of Grupo Cisneros.^[5][6]

A onetime billionaire, according to Forbes his net worth peaked at US$ billion in (equivalent to $ billion in prices when adjusted for inflation);^[7] he dropped off the billionaires' list in 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 ,^{[8][9]:&#;19&#;} the son of Diego Cisneros and Albertina Cisneros (née Rendíles Martínez).^[10]

Cisneros's father, Diego Cisneros, was in business in Caracas from and received the Pepsi concession for Venezuela in , before going on to gain the concession for private TV channel Venevisión in The Cisneros family was the wealthiest in South America on the Forbes ranking.^[11][12]

Cisneros graduated from Suffield Academy in Connecticut in ^[13] He graduated from Babson College in Massachusetts in ^[14]

Grupo Cisneros

Grupo Cisneros is one of the largest privately held media entertainment organizations in the world.^[15] The company has been headquartered in Coral Gables, Florida, since ^[16]

Cisneros became President of Grupo Cisneros when he was 25 years old.^[6]

Cisneros's wealth came from his holdings in media, entertainment, telecommunications and consumer products companies.^[17]Grupo Cisneros is one of the largest privately held Spanish-language media and entertainment companies.^[18]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 owned Venevision International, which produces and distributes media and entertainment products throughout the world, and Venevisión, a Venezuelan television network. Since the Group has owned the Miss Venezuela contest and since also the Leones del Caracas baseball team.^{[citation needed]}

Long an advocate of free enterprise^{[8][9]:&#;&#;} Cisneros for many years expanded his operations outside of Venezuela and into overseas markets, including the U.S., Spain and later China.^[17][19]

In August , Gustavo Cisneros appointed his daughter Adriana Cisneros de Griffin as the new Chief Executive Officer (CEO) of Cisneros.^[20][21]

Before his death, Cisneros was developing Tropicalia, a multibillion-dollar resort in Miches, 80 kilometres (50&#;mi) northwest of Punta Cana, Dominican Republic.^[22] Its opening is scheduled for ^[23]

Cisneros was listed among the world's richest men according to Forbes magazine, which estimated his fortune at US$ billion in ^[24] His wealth decreased from its secondary peak of US$&#; billion,^[24] and its primary peak of US$&#; billion.

Politics

Although Cisneros and Hugo Chávez were originally friends and Cisneros contributed to Chávez's first presidential campaigns, Cisneros was accused of involvement in the Venezuelan coup d'état attempt against Chávez after their relationship became strained because of Chávez's confrontation with the media.^[25]

Cisneros was questioned about his relationship with Chávez.^{[26][clarification needed]}

Philanthropy

See also: Colección Patricia Phelps de Cisneros

Cisneros supported two philanthropic entities: Colección Patricia Phelps de Cisneros and Fundación Cisneros.^{[citation needed]}

Fundación Cisneros runs a wide range of educational and cultural programs aimed at improving the lives of Latin Americans.^[27] 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.^[28]

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 Over the years, it has grown to more than 2, pieces, including about Spanish colonial objects.

In addition, the couple have amassed a vast holding of ethnographic material from the Amazon.^[29] 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 s until Hugo Chávez was elected president. In , the foundation encountered resistance from the Chávez government when lending works by Venezuelan painter Armando Reverón () to New York's Museum of Modern Art for the museum's first retrospective devoted to a single Latin American artist in 50 years.^[30]

Personal life

Cisneros was married to his wife, Patricia, from until his death.^[29][31] She has been a significant MoMA benefactor since , and has been a trustee of the museum and 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.^[30][32]Phelps de Cisneros is an active member of the International Council and the Latin American Acquisitions Committee of Tate, London; she is an International Trustee of the Fundación Amigos del Museo del Prado, Madrid; belongs to the Association Centre Pompidou América Latina; the Museum Berggruen’s International Council; and the American Friends of the Fondation Beyeler, among others.^{[citation needed]}

Cisneros lived in the Dominican Republic beginning in the s.^{[33][35][36][2][3]}

In addition to Venezuelan citizenship, Cisneros also held United States, Spanish and Dominican citizenship.^[37]

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 to ^[38] As a tribute to his father, Cisneros published a book about the Cisneros family tree.^[39]

Death

On 29 December , Gustavo Cisneros, died in New York City, at the age of ^[40][41] 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.^[41]

Commendations

• Orden Isabel la Católica, Grado Encomienda (1 collar, 1 medallita, 1 botón) – Spain
• 22 January Orden Nacional al Mérito, en el Grado de Oficial (3 medallas) – Ecuador
• 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 Orden Mérito al Trabajo, Primera Clase (1 medalla.

  1 botón) – Venezuela

• Orden Francisco de Miranda, Primera Clase (1 medalla, 1 botón) – Venezuela
• Orden Francisco de Miranda, Segunda Clase (1 medalla, 1 botón) – Venezuela
• 12 January Orden Andrés Bello, Banda de Honor (1 medalla, 1 botón) – Venezuela
• 16 May Orden Isabel la Católica, Grado Encomienda de Número (1 collar, 1 placa, 4 medallitas, 2 botones) – Spain
• 12 June Orden del Libertador, Gran Oficial, Segunda Clase (1 medalla, 1 botón – Venezuela
• December Orden del Libertador, Gran Cordón (2 medallas, 1 botón) – Venezuela
• 30 October Orden del Congreso de Colombia en el Grado de Oficial – Colombia
• 30 October 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

Honors

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^[50]
• 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^[6]
• 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

See also

References

Further reading

• Bachelet, Pablo; Fuentes, Carlos (prólogo de) (). Gustavo Cisneros: Un empresario global (in Spanish). Barcelona: Planeta. ISBN&#;. OCLC&#;
• Bachelet, Pablo; Fuentes, Carlos (foreword by); Grossman, Edith (translated by) ().

  Gustavo Cisneros: Pioneer. Barcelona: Planeta. ISBN&#;. OCLC&#;

• Rodríguez, José Ángel; Iglesias, Carmen (prólogo); Ortega, Julio (epílogo) (). Los Cisneros: rostros y rastros de una familia, de la villa de Cisneros de Campos al nuevo mundo global () (in Spanish). Caracas: Fundación Cisneros.
  Vj gustavo cisneros biography death Cisneros is survived by his wife, Patricia Phelps de Cisneros; and their children, Adriana, Carolina and Guillermo; and 10 grandchildren, according to the Miami Herald. However, Mr. January Learn how and when to remove this message. Cisneros '63 to Speak at Suffield Academy's Commencement".

  ISBN&#;. OCLC&#;

• Rodríguez Luis, José Ángel; Iglesias, Carmen (prologue); Ortega, Julio (epilogue); Dodman, Jenny (translation) (). Cisneros: A Family History (). Caracas: Fundación Cisneros. ISBN&#;. OCLC&#;

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External links