Luis Carlos Sarmiento

About Luis Carlos Sarmiento

Birth Day: January 27, 1933
Birth Place: Bogota, Colombia, Colombia
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

Luis Carlos Sarmiento Net Worth

Luis Carlos Sarmiento was bornon January 27, 1933 in Bogota, Colombia, 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 banking in Colombia. The octogenarian still chairs the company. His only son, Luis Carlos Sarmiento Gutiérrez, is the acting CEO. The heir-apparent got an engineering degree at the University of Miami, then an MBA at Cornell. He crunched numbers in Procter & Gamble's finance department for four years before moving home to Bogota. Luis Carlos Sarmiento Angulo bought Colombia's largest newspaper, El Tiempo, in April 2012 and announced a deal to build a Grand Hyatt in Bogota two months later.
Luis Carlos Sarmiento is a member of Finance

💰 Net worth: $11.8 Billion (Updated at 22 June 2018)

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

Some Luis Carlos Sarmiento images

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.