Gustavo Cisneros

About Gustavo Cisneros

Birth Day: June 01, 1945
Birth Place: La Romana, Dominican Republic, Venezuela
Birth Sign: Cancer
Residence: La Romana, Dominican Republic
Citizenship: Venezuela  Spain  Dominican Republic
Alma mater: Babson College
Occupation: Media mogul
Spouse(s): Patricia Phelps de Cisneros
Children: 3

Gustavo Cisneros Net Worth

Gustavo Cisneros was bornon June 01, 1945 in La Romana, Dominican Republic, Venezuela. Gustavo Cisneros and his family own the Cisneros Group, a Florida-based conglomerate with interests in Venezuelan television stations, telecom, a brewery, real estate and a baseball team. Gustavo's daughter, Adriana, became CEO in 2013 and oversaw the restructuring of the group into four main branches: media, interactive, real estate and products & services. In February 2016, the company broke ground on Tropicalia, a luxury resort in the Dominican Republic expected to open in 2018. In October 2016, Gustavo and his wife, Patricia, gave more than 100 pieces from their collection of Latin American art to the Museum of Modern Art in New York. The donation followed an earlier gift of 40 works and will be used to found a research institute for Latin American art in 2017. Gustavo Cisneros, a descendant of Cubans, has been a vocal proponent for the normalization of relations between the United States and Cuba.
Gustavo Cisneros is a member of Media

💰 Net worth: $1.07 Billion (Updated at 22 June 2018)

2009 $3.8 Billion
2010 $4.2 Billion
2011 $4.2 Billion
2012 $4.2 Billion
2013 $4.4 Billion
2014 $4 Billion
2015 $3.6 Billion
2016 $2 Billion
2017 $1.4 Billion
2018 $1.07 Billion

Some Gustavo Cisneros images

Biography/Timeline

1674

Through his Father, Diego Cisneros's paternal side, Cisneros is related to Pablo de Hita y Salazar, who was the 27º Governor of La Florida from 1674 to 1680. As a tribute to his Father, Cisneros published a book about the Cisneros family tree.

1929

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 first-wealthiest in South America on the 2006 Forbes ranking.

1963

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

1970

Cisneros has been married to his wife, Patricia Phelps de Cisneros, since 1970. She has been a significant MoMA benefactor since 1992, she 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. 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.

1990

Cisneros has lived in the Dominican Republic since the 1990s.

2000

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.

2002

Although Cisneros and Hugo Chávez were originally friends and Cisneros contributed to Chávez's first presidential campaigns, Cisernos has been accused of involvement in the 2002 Venezuelan coup d'état attempt against Chávez after their relationship became strained because of Chávez's confrontation of the media.

2013

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

2019

He has been listed among the world’s richest men according to Forbes magazine, which estimated his fortune at US$1.8 billion in 2017. His wealth has decreased from its 2014 peak of US$4.4 billion.