Gustavo Cisneros Net Worth & Biography

Gustavo Cisneros is a media tycoon of Cuban descent, and one of the richest businesspersons in the world. He holds his legacy from a family of industrialists that started with his father, Diego Cisneros. Named one of Latin America’s most influential figures, Gustavo has the reputation of not only managing the business but also accomplishing more than his previous generation. The remarkable position of his company in the market today surely highlights the entrepreneurial abilities the man possesses. The article below contains all that pertains to the biography and career accomplishments of this Venezuelan businessman.

Early Life: Childhood, Education

Gustavo Cisneros is the son of the highly acclaimed businessman Diego Cisneros. He was born on November 20, 1945, in Venezuela. His father is credited for receiving Pepsi concession for their country Venezuela in 1940. His father rose to more power in 1961 after achieving the private television channel ‘Venevision’ concession.

Gustavo’s childhood was nurtured in a serene environment that shaped his business intelligence in the coming years. He attended Suffield Academy in Connecticut and graduated in 1963, and later joined the Babson College in Wellesley, Massachusetts to complete his higher studies. It was in 1968 that he graduated from Babson College before focusing on the bigger picture, that is, a career in the business world.

Professional Life: Business Career

Mr. Gustavo Cisneros is the Chairman of CISNEROS, one of the world’s largest privately-held telecommunications, media, entertainment, and consumer products organizations. He is also the owner of Tropicalia, a high-end, environmentally responsible, tourism real estate development based in the Dominican Republic.

As the chairman and chief executive officer of CISNEROS since 1970, this brilliant entrepreneur has dedicated himself to both the development of the company and the overall advancement of the region. His leadership has helped to enhance Latin America’s profile on the global stage, cultivate new industries, increase access to information, and advance technological growth. He has done so in an effort to promote education, the principles of democracy, and individual liberty.

Today, CISNEROS owns or holds investments in more than 30 companies around the world that serve millions of customers. Operations range from travel resorts, broadcast television, and television production to telecommunications. Through its diverse businesses and partnerships, CISNEROS delivers some of the most recognized and highest quality services to the over 500 million Spanish and Portuguese-speaking consumers in Europe and the Americas, and Europe.

In addition to his everyday jobs related to CISNEROS, Mr. Gustavo Cisneros is a member of the Board of Overseers of the International Center for Economic Growth. He also sits on the Chairman’s International Advisory Council of The Americas Society and serves as Senior Advisor for RRE Ventures LLC. Likewise, he is a member of the International Advisory Board and Compensation Committee and chairman of its Corporate Governance and Nominating Committee. He is a charter member of the United Nations Information and Communication Technologies (ICT) Task Force as well as a member of the University Council at Rockefeller University. He sits on the Board of Overseers at Babson College and is also on the Advisory Committee for the David Rockefeller Center for Latin American Studies at Harvard University. In addition, the business magnate has been appointed the Board of Trustees of the Cardinal Cisneros Foundation, a member of Haiti’s Presidential Advisory Council on Economic Growth and Investment, the Council for the Atlantic Institute of Government, and the Ibero-American Council for Productivity and Competitiveness.

Achievements: Awards & Honors

Cisneros recently received a “Lifetime Achievement Award” from the Advertising Educational Foundation for his remarkable contributions to the entertainment industry and for the role of his philanthropic foundation “the Fundación Cisneros” to improve education in South America.

In December 2014, he received the NATPE (National Association of Television Program Executives) honored him with a Brandon Tartikoff Legacy Award.

Most recently, the University of Miami awarded him an Honorary Doctorate in Humanities.

Other accolades include MIPCOM Personality of the Year Award, Woodrow Wilson Award for Public Service, Woodrow Wilson Center Award, Smithsonian Institution Medal of Honor, International Emmy Directorate Award, and Golden Plate Award of the American Academy of Achievement.

Philanthropy

Together with his wife Patricia, Gustavo Cisneros opened the Fundación Cisneros, a private charity institution committed to improving education in South America while increasing international awareness of the contributions of the region in the global cultural arena. The Fundación Cisneros works closely with the Corporate Social Responsibility programs of its founder’s companies to fortify communities, encourage economic development, promote freedom of speech, and foster cross-cultural understanding.

Personal Life: Wife, Children, Private Interests

Gustavo and his wife Patricia Phelps de Cisneros have been united in matrimony for more than 40 years. They have lived in the Dominican Republic since the 1990s.

In addition to Venezuelan citizenship, Cisneros also holds Dominican, United States, and Spanish.

Gustavo Cisneros Net Worth: Salary, Income Sources, Wealth Details

Mr. Gustavo Cisneros is one of the most powerful figure from South America. He is recognized as a Venezuelan-Dominican billionaire media magnate who has also been listed as one of the world’s wealthiest people.

Today, Gustavo Cisneros’ net worth is $4 billion dollars. He makes his fortune as the chairman and chief executive officer of CISNEROS, one of the world’s largest privately held companies that is focused on industries like telecommunications, media, entertainment, and consumer products. This billionaire also earns his income as the owner of Tropicalia, a high-end, socially responsible, tourism real estate development venture that is headquartered in the Dominican Republic where he was born.