Rank #329
Luis Carlos Sarmiento
Net worth $10.2B
Banking · Colombia
- Born
- Jan 27, 1933
- Age
- 93
- Source
- Banking
- Residence
- Bogota
- Citizenship
- Colombia
- Marital status
- Married
- Children
- 5
- Education
- Bachelor of Arts/Science, National University of Colombia
Net worth over time
Biography
- 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.
Financial assets
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