Friday, 29 August 2008

Gustavo A. Cisneros

Gustavo A. Cisneros - Venezuelan Billionaire; Chairman and CEO o/t Cisneros Group of Companies; Media Mogul

Gustavo Cisneros

Gustavo Cisneros AKA Gustavo A. Cisneros

Born: 1945
Birthplace: Caracas, Venezuela

Religion: Roman Catholic
Race or Ethnicity: Hispanic

Nationality: Venezuela
Executive summary: Billionaire Venezuelan media mogul

One of two Venezuelan billionaires, Cisneros was born into a rich family that parlayed their sole distributorship of Pepsi into a fortune that allowed them to control a sizeable chunk of all Latin American media. The subsequent capital flight, based on "diversification" and moving 80% of the family investments outside of Venezuela, resulted in Venezuela's crawling to the blood-suckers at the International Monetary Fund for help. One could point out that the personal enrichment of Cisneros was one direct cause of Hugo Chavez's later rise to power.

Cisneros-owned Venezuelan TV network Venevision controlled coverage of the US-backed 2002 coup on the populist Chavez. Some claim Cisneros was one of the principal backers of the coup- his family being longtime representatives of US interests. It certainly doesn't help Cisneros' case that he ordered a ban on footage of the resulting counter-coup consisting of tens of thousands of the citizenry seeking to reinstate Chavez. Cisneros' network instead aired classic cartoons and golden age movies. The US State Department's chief Latin America handler (and one-time Ambassador to Venezuela) Otto J. Reich later confirmed that during the 2 day coup he had spoken with Cisneros "two or three times".

Cisneros married into a family that owned another Venezuelan media empire. He and his wife Patty Phelps were overnight guests of Ronald Reagan at the White House, around the same time US Customs agents confiscated 50 grams of cocaine from a Cisneros family airplane. US Customs declined to file charges for some reason.

As one of the 100 richest people in the world, Cisneros is a classic case of a big fish in a small pond, causing comparisons such as "the Rupert Murdoch or Silvio Berlusconi of Venezuela". Speaking of fishing (and of cocaine and coups), Cisneros is a sometimes-fishing companion of former US president George H.W. Bush.

Father: Diego Cisneros (media mogul)
Brother: Ricardo Cisneros (media mogul, defrauded Banco Latino)
Sister: Marion Cisneros (media mogul)
Brother: Oswaldo Cisneros (media mogul)
Wife: Patricia Phelps de Cisneros (media mogul, m. 1970, 3 children)

University: BS Business Administration, Babson College (1968)

ABC 1968-70
Member of the Board of Barrick Gold (2003-)
Member of the Board of Univision (2003-)
Council on Foreign Relations International Advisory Board
Americas Society International Advisor
Knights of Malta
Museum of Modern Art Chairman's Council
Museum of Television and Radio Board of Trustees
Cuban Ancestry
Latin America's billionaire media baron. Knight of Malta. Member of the chairman's council of the Americas Society, trustee of the Rockefeller University, member of the international advisory board of the Power Corporation of Canada, etc. Accused by Chavez of complicity in the April 2002 coup attempt in Venezuela and of using his private TV station Venevision to undermine the administration. Among his friends are the Rockefellers, Bushes, and King Juan Carlos. He would be a prime candidate for Le Cercle. Also look above at his involvement with the environmental group BIOMA.
Gustavo Cisneros

Latin America's billionaire media baron. Knight of Malta. Chairman and CEO of the Cisneros Group of Companies (very prominent in Puerto Rico and the U.S. Virgin Islands), which has large stakes in companies like Univision, AOL Latin America, DirecTV Latin America, and a score of other media companies. Member of the board of international directors at the United World Colleges in London, which is presided over by HRH Prince Charles. Trustee of the Rockefeller University and a friend of the Rockefellers. PR Newswire, May 4, 1992: "Cisneros, a Venezuelan native, is a member of the International Advisory Committee of the Chase Manhattan Bank, the Chairman's Council of the Americas Society and the International Advisory Council of the United States Information Agency. He is also a member of the board of overseers of the International Center for Economic Growth and the International Advisory Board of the Power Corporation of Canada. His other memberships include, but are not limited to, the International Advertising Association, the board of directors of the National Academy of Television Arts and Sciences in the U.S., and The 1001: A Nature Trust for the World Wildlife Fund in Switzerland." He is an outspoken critic of Venezuela's President Hugo Chavez, whom he criticizes for "arrogant abuse of power and authority." In turn, Chavez accuses him of complicity in the April 2002 coup attempt (on Chavez) and of using his private TV station Venevision to undermine the administration. Luckily for Cisneros, about 80% of his holdings are outside Venezuela. Cisneros hobnobs with U.S. friends such as Jimmy Carter and George Bush Sr. Guests at his daughter's lavish New York wedding reception in October 2002 included Kofi Annan, Sid Bass and Oscar de la Renta. He also ran BIOMA, a leading Venezuelan "environmentalist group" shut down after being caught faking dolphin killings for a campaign against the tuna fishing industry. Early in 1994, the family bank, Banco Latino, in Caracas, went broke after it was charged with fraud. His brother Ricardo, one of the directors, was fugitive for years until caught and sent to jail. Cisneros has received Spain's Order of Isabel la Católica, conferred by His Majesty King Juan Carlos I (also a 1001 Club member and Knights of Malta), for strengthening international ties between Venezuela and Spain.
Knight of Malta Gustavo Cisneros is a billionare, media magnate, and a member of the Pilgrim Society. Cisneros has large stakes in companies like Univision, AOL Latin America, DirecTV Latin America, and a score of other media companies.
SMOM by mention:
Social Network Diagram:

Venezuela 1980-2005

Council on Foreign Relations. Annual Report. 2001 (83)
Currier,C. The World's Richest People. 1991 (102-3)
EIR. Dope, Inc. 1992 (318, 348-9, 355)
Executive Intelligence Review 2000-02-25 (54)
Forbes Foreign Billionaires. 1995
Forbes Foreign Billionaires. 1999
Golinger,E. The Chavez Code. 2006 (72, 82, 98-9)
Intelligence (Paris) 2002-05-20 (37)
New Federalist 1994-02-21 (8)
pages cited this search: 16

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