Luis Carlos Sarmiento
Finance

Luis Carlos Sarmiento Net Worth

Luis Carlos Sarmiento Angulo is an octogenarian Colombian businessman who has built a fortune in the construction industry and invested it in banks, now controlling one third of all banking in Colombia. His son, Luis Carlos Sarmiento Gutiérrez, is the acting CEO and has an engineering degree from the University of Miami and an MBA from Cornell. In 2012, Sarmiento Angulo bought Colombia's largest newspaper, El Tiempo, and announced a deal to build a Grand Hyatt in Bogota.
Luis Carlos Sarmiento is a member of Finance

Age, Biography and Wiki

Birth Day January 27, 1933
Birth Place Bogota, Colombia, Colombia
Age 91 YEARS OLD
Birth Sign Aquarius
Alma mater National University of Colombia
Known for President of Grupo Aval Acciones y Valores, SA
Spouse(s) Fanny Gutiérrez de las Casas (1955-present)
Children María Claudia Sarmiento Gutiérrez Luz Angela Sarmiento Gutiérrez Adriana Sarmiento Gutiérrez Luis Carlos Sarmiento Gutiérrez Sonia Sarmiento Gutiérrez
Awards Order of Boyacá 2004 Grand Cross Order of the Congress of the Republic (Colombia) 2004 Grand Officer

💰 Net worth: $6.4 Billion (2024)

Luis Carlos Sarmiento, often regarded as one of the leading figures in the finance industry in Colombia, is estimated to have a net worth of $6.4 billion in 2024. With an outstanding reputation and extensive experience in the financial sector, Sarmiento has established himself as a notable entrepreneur and business magnate. Through his numerous ventures and investments, he has successfully amassed a vast fortune. Sarmiento's expertise and influence in finance are widely recognized, making him a pivotal figure in shaping the economic landscape of Colombia.

2009 $2.4 Billion
2010 $5.6 Billion
2011 $10.5 Billion
2012 $12.4 Billion
2013 $13.9 Billion
2014 $14.2 Billion
2015 $13.4 Billion
2016 $8.9 Billion
2017 $11 Billion
2018 $12.15 Billion

Biography/Timeline

1950

Sarmiento's career began during the 1950s, building residential and commercial developments. After making his name in the construction Business, Sarmiento initiated an acquisitions campaign that has persisted for decades, concentrating on banks and financial Service companies. By 2000, he was widely acknowledged as Colombia's top banking mogul, holding an estimated 22 percent of the local banking assets, close to the maximum allowed by law.

2000

Sarmiento founded Grupo Aval as a holding company to gather his banking, telecommunications, and real estate interests. Four major banks, as well as other financial Service corporations, form the core of the organization. He is considered one of Colombia's most prudent entrepreneurs, known for his conservative management. This cautious approach helped his financial empire survive the worst recession in Colombia's history. In 2000, plans to list Grupo Aval on the New York Stock Exchange were postponed due to Wall Street's unfavorable climate for emerging market funds. Sarmiento's net worth increased significantly from 2005 to 2006, thanks largely to Colombia's booming stock market, Bolsa de Valores de Colombia, the world's second best performing in 2005. As of 2006, he continues to run Grupo Aval with help from his son Luis Carlos Jr., whom he is grooming to eventually take over.

Some Luis Carlos Sarmiento images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.