Gustavo Cisneros

Gustavo Cisneros is a Latin American media king and is among the world's 100 richest men according to Forbes magazine. Cisneros' $4.6 billion fortune comes from his many media, telecommunications and beverage companies, most notably his large stake Univisin. One of his other major holdings is Venevisin, the main television provider in Venezuela. Fearing nationalization of his television stations, Cisneros is a vocal opponent of Hugo Chvez in Venezuela and Fidel Castro in Cuba, with whom Chvez has become increasingly aligned. There is no love lost on either side; Chavez calls Cisneros' TV station one of the "Four Horsemen of the Apocalypse." Cisneros' stations in Venezuela chose not to air footage of the public's demonstrations in support of Chavez during the coup attempt of 2002 against him. At this point, more than 80% of Cisneros' operations are based in the United States. With recent consolidation of Chvez's power, Cisneros and his company has become less vocal in its opposition inside Venezuela. Cisneros is an advocate of Free Trade Area of the Americas, free trade throughout the entire Western Hemisphere.

References

Cisneros, Gustavo Cisneros, Gustavo

 

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