Gustavo Cisneros

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Gustavo Cisneros
Gustavo Cisneros

Gustavo Cisneros (b. 1945)[1] is a Venezuelan-born media mogul. He is among the world's richest men according to Forbes magazine, which estimates his fortune at $5 billion. 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." [2]

Cisneros' wealth comes from his holdings in media, entertainment, telecommunications and consumer products companies.[3] The Cisneros Group of Companies is one of the largest Spanish-language privately-held media and entertainment companies.[4]Until the buyout of Univision, the United States' leading Spanish-language television network, Cisneros was one of the biggest shareholders on the Company. He also owns Venevision International, which produces and distributes media and entertainment products throughout the world. He owns Venevisión, a Venezuelan television network.

Long an advocate of free enterprise [5] 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.[3]

One of his major accomplishments has been a major role in the international development of the telenovela[6] – emotion-packed melodramas based on the harsh realities of life in Latin America that are now broadcast to about 2 billion people around the world. In part to honor his international success, he was named MIPCOM "Personality of the Year" in 2005,[7] a prestigious media industry award.[8].

The Cisneros Foundation (Fundación Cisneros) runs a wide range of educational and cultural programs aimed at improving the lives of Latin Americans.[9]. These include the AME program for professional development of Latin American educators, visual arts education and awareness based on the Coleccion 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.[10].

  1. ^ Bachelet, Pablo "Gustavo Cisneros, Pioneer", page 19. Barcelona 2004
  2. ^ New York Times, April 28, 2002
  3. ^ a b Carugati, Anna (January 2005). Gustavo Cisneros, chairman y CEO de Cisneros Group of Companies. Retrieved on 2007-07-31.(Spanish)
  4. ^ Kirkman, Alexandra (2001-11-26). The visionary. Forbes. Retrieved on 2007-07-31.
  5. ^ Bachelet, Pablo "Gustavo Cisneros, Pioneer", page 259. Barcelona 2004
  6. ^ Mipcom Personality of the Year, Gustavo Cisneros, Supplement to Mipcom Daily News 3, October 19th, 2005
  7. ^ Gustavo Cisneros named MIPCOM 2005 Personality of the year. MIPCOM (2005-07-25). Retrieved on 2007-07-31.
  8. ^ Variety, October 7, 2005
  9. ^ About/Quienes Somos. Fundación Cisneros (2006). Retrieved on 2007-07-31.(English)(Spanish)
  10. ^ Sierra Laffite, Michelle (2007-02-19) Por Amor al Arte. Expansion.Mexico.

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