News about the death and obituary of Gustavo Cisneros
Gustavo Cisneros, a famous Venezuelan media mogul, passed away at the age of 78 in New York, USA after a short battle with pneumonia.
Gustavo Cisneros’s career
Overview of Gustavo Cisneros
Born in Caracas, Venezuela on June 1, 1945, Mr. Gustavo Cisneros is the fourth son of Mr. Diego Cisneros – founder of the multi-industry business group Cisneros.
After graduating from Babson College, Massachusetts, USA, Gustavo Cisneros took over the family business in 1970, when he was in his twenties.
Success in the media field
Gustavo Cisneros transformed his family from a Pepsi bottling business in Venezuela into an international media giant.
In 1992, he acquired the world’s largest Spanish-language television network Univision for only $500 million. 15 years later, he sold Univision for $12.3 billion.
Currently, Cisneros Group owns more than 30 companies operating in 90 countries, including media, real estate, sports and technology companies.
Donate to Miami
Although living in Venezuela and the Dominican Republic, Gustavo Cisneros has strong ties to Miami, Florida.
He moved the headquarters of Cisneros Group from Venezuela to Coral Gables, Florida in 2000. In 2016, they settled in a row house in the middle of downtown Miami.
Many of his grandchildren also live in Miami. Besides, since the 1990s, he has become a visiting professor at the University of Miami. He is also active in philanthropy for many non-profit organizations in Florida.
Thanks to his contributions, in 2017, the University of Miami honored Mr. Gustavo Cisneros with an honorary doctorate.
Personal life and personal views
Devoted husband and father
In 1970, Gustavo Cisneros married Patricia Phelps at St. Patrick, New York. They have 2 daughters and 1 son together.
Despite being busy in business, he always spends a lot of time taking care of his family, taking his wife and children on long trips to enjoy moments together.
After his children had grandchildren, he actively read the newspaper to them every day in the hospital’s special care room to help them be intellectually stimulated.
Far-sighted vision
His family and friends commented that Gustavo Cisneros was a revolutionary thinker with far-sighted vision. He has the ability to predict future trends accurately.
While alive, he was an advisor to many of the world’s leading politicians and businessmen such as former US Secretary of State Henry Kissinger and former Disney CEO Michael Eisner.
He is also known as “the bridge connecting the United States and the rest of the world”.
Looking back at the life of Mr. Gustavo Cisneros, we see the image of a talented and compassionate leader.
Even though he is busy with his gallant global business career, he always makes time for his family and the surrounding community.
His passing left a lot of grief for relatives and friends. However, the contributions and legacy he left behind will forever remain in everyone’s hearts.
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