Luis Carlos Sarmiento
#287

Luis Carlos Sarmiento

Colombia 93 years old Self-Made

Overview

Source of Wealth
Banking
Residence
Bogota
Education
National University of Colombia (Bachelor of Arts/Science)
Marital Status
Married
Children
5

Assets

  • Banco Comercial AV Villas SA
    34,784,000 shares @ -
    -
    VILLAS-CO
  • Banco de Bogota
    29,485,000 shares @ -
    -
    BOGOTA-CO
  • Banco de Occidente S.A.
    20,734,000 shares @ -
    -
    OCCIDENTE-CO
  • Banco Popular SA Bogota
    61,802,000 shares @ -
    -
    POPULAR-CO
  • Corporacion Financiera Colombiana
    42,047,000 shares @ -
    -
    CORFICOLCF-CO
  • Grupo Aval Acciones Y Valores
    15,844,000,000 shares @ -
    -
    GRUPOAVAL-CO
  • Grupo Aval Acciones Y Valores - PREFERRED SHARES
    3,435,043,000 shares @ -
    -
    PFAVAL-CO

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.

About

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.