1992 for $550 million. The network was renamed Univision Communications, Inc. and built into a Fortune 500 company. Perenchio served as chairman and chief executive officer, and was the Controlling Shareholder. Over a period of fifteen years, Univision expanded existing facilities, purchased 35 additional television stations, added Spanish radio stations, acquired Mexican record companies, and grew into one of the most successful multimedia companies in the world. It became the most popular Spanish-language broadcast network in the United States and the first foreign language television network to occasionally outperform English language networks in the United States ratings. In 1996 the company went public and traded on the New York Stock Exchange under the symbol UVN. Perenchio sold Univision Communications in March 2007 for $13.5 billion to the Saban Capital Group, led by investor Haim Saban. Personal life Perenchio was married three times and was separated from his third wife, Margaret Perenchio. He had one son and two adopted daughters from his first marriage, along with six grandchildren and three great-grandchildren. In 1986 Perenchio purchased the 42-room former Arnold Kirkeby estate in Bel Air known as Chartwell, famed as the Clampett family mansion in the 1960s The Beverly Hillbillies TV series. He remodeled the home to more closely resemble the original design of an authentic 18th-century French chateau. He afterward bought many of the surrounding properties, expanding the compound to nearly 13 acres of land. Perenchio died on May 23, 2017, of lung cancer in his home at the age of 86. Philanthropy In late 2014, Perenchio announced that he would leave much of his art collection — at least 47 works valued at more than $500 million — to the Los Angeles County Museum of Art. His holdings include paintings by Claude Monet, Édouard Manet, and Pablo Picasso. At the same press conference, former Los Angeles County Supervisor Zev Yaroslavsky said of Perenchio, "There is no citizen of this community who has been more generous, and has asked for less..." Politics A lifelong Republican, Perenchio was a supporter of initiatives and advocacy organizations that benefited the GOP. He was co-finance director for Senator John McCain's 2008 presidential campaign as well as an early and influential supporter of Carly Fiorina's 2016 presidential primary campaign. Awards and honors From 2000, Perenchio served on the board of trustees for The Ronald Reagan Presidential Foundation. In 2011 he received an honorary Doctorate of Fine