Gustavo Cisneros & family
Venezuela‘s Richest Man and World’s #201
||Inherited and Growing
|Country Of Citizenship:
||Babson C, Bachelor of Arts / Science
||Married, 3 children
One of South America’s most prominent businessmen oversees a diversified empire with interests in Venezuelan television stations, telecom outfits, a regional brewery and a baseball team. Sold U.S. Spanish-language TV network Univision to a private equity consortium led by U.S. billionaire Haim Saban for $700 million in 2007. After locking horns with president Hugo Chavez, Venevision, his Venezuela TV company, is avoiding politics these days, preferring to concentrate on entertainment content, including hugely popular Latin American soap operas. Cisneros and his wife are familiar figures in high society, hobnobbing with former presidents, designers and fellow billionaires; George H.W. Bush is his fishing buddy. Boasts an extensive collection of Latin American art: one favorite is an Amazonian landscape by German artist Frank W. Post. His foundation promotes education and protection of indigenous people in the Amazon basin.