Luis Carlos Sarmiento
$10.4B
Born
Jan 27, 1933
Age
93
Source of Wealth
Banking
Residence
Bogota,
Citizenship
Colombia
Marital Status
Married
Children
5
Education
Bachelor of Arts/Science, National University of Colombia
- Luis Carlos Sarmiento Angulo took a fortune amassed in the construction industry and invested it in banks.
- His Grupo Aval now controls one third of all banks in Colombia; his son Luis Carlos Sarmiento Gutierrez is chairman.
- After graduating with a degree in engineering, Sarmiento briefly worked at a construction company, but took a 10,000 pesos payout and started his own firm.
- He bought Colombia's largest newspaper El Tiempo in 2012 for an estimated $250 million.
- His construction firm built the Grand Hyatt in Bogota, which opened in August 2018.
- At age 14 he worked part time at Colombia's national radio network making programs for children.
- He is the second youngest in a family of 9 children.
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