Univision co-founder Gustavo Cisneros – the Venezuelan media magnate who built his empire by bringing American brands and businesses to his home country during the 1970s oil boom – died in New York City on Friday, his company announced.
No cause of death was reported for Cisneros, 78, whose Cisneros Group owns media and entertainment companies, as well as the Miss Venezuela pageant and the Leones de Caracas baseball team.
“Gustavo Cisneros is known for creating a lasting legacy and particularly distinguishing himself through the international expansion of family business ventures, as well as leading the entertainment industry throughout Latin America and the US Hispanic market,” the group said in a statement on its website. Saturday
During his career, he signed deals across several sectors and expanded the Cisneros Group. In 1992, Cisneros founded Univision, the first Spanish-language media company in the US. Three years later, he launched DIRECTV, the first satellite television service in Latin America.
Gustavo Alfredo Cisneros Rendiles was born in Caracas on June 1, 1945. His father, Diego Cisneros, was an entrepreneur who acquired a Pepsi concession for the country in the 1940s as well as a local TV network in the 1960s.
He is survived by his wife Patricia Phelps, 53, three grown children, including Adriana Cisneros, who is the CEO of the Cisneros Group, and 10 grandchildren.
Gustavo Cisneros, a Venezuelan billionaire, is also a collector of Latin American abstract art. REUTERS Venezuelan media mogul Gustavo Cisneros helped build Univision into the largest Spanish-language media company in the US. Business Wire Cisneros founded Univision in 1992. cisneros.com
Cisneros and Phelps were important collectors of Latin American abstract art. In 2017, the couple donated 102 works to the Museum of Modern Art in Manhattan.
Before his death, Cisneros was developing the Four Seasons resort in Miches in the northeast of the Dominican Republic. The project, which includes both a hotel and private residences, is scheduled for completion in 2026, according to its website.
Cisneros lives most of the year in the exclusive resort of La Romana in the Dominican Republic, and has been on the board of directors of Barrick Gold in the Caribbean country since 2003.
Categories: Trending
Source: thtrangdai.edu.vn/en/
