Luis Carlos Sarmiento

$9.93 B

Ranked #325 in World

About Luis Carlos Sarmiento

Colombian mogul Luis Carlos Sarmiento Angulo, with a net worth of $10.3 billion, reigns as the second richest in Colombia and helms Grupo Aval, a leading banking consortium. Beginning his career in the 1950s, Sarmiento Angulo made strategic bank acquisitions, securing 22% of Colombia's banking assets by 2000. Despite a market setback in 2000, his well-timed investments in a thriving stock market and conservative strategy have sustained his wealth and influence. His son is poised to continue the legacy. Sarmiento's generosity also shone during the pandemic with major donations for relief efforts.

Born

January 27, 1933

Age

93 years

Source Of Wealth

Banking

Industries

Finance & Investments

Citizenship

Colombia

Residence

Bogota

Education

Bachelor of Arts/Science, National University of Colombia

Luis Carlos Sarmiento Angulo was born on January 25, 1933, in Bogotá, Colombia. He was the son of Luis Carlos Sarmiento Gutiérrez and Emilia Angulo.

Luis Carlos Sarmiento: Family

Sarmiento Angulo married Margarita Gnecco in 1956. They had four children together: Luis Carlos Jr., Jaime, María Clara, and Ana María.

Luis Carlos Sarmiento: Career Highlights

Sarmiento Angulo began his career in the 1950s building residential and commercial developments. In the 1970s, he initiated an acquisitions campaign focused on banks and financial service companies. By 2000, he held an estimated 22% of local banking assets.

In 1999, Sarmiento Angulo founded Grupo Aval as a holding company for his banking, telecommunications, and real estate interests. He is considered one of Colombia's most prudent entrepreneurs, known for his conservative management style. This approach allowed him to survive Colombia's worst recession in the late 1990s.

In 2000, Sarmiento Angulo announced plans to list Grupo Aval on the New York Stock Exchange, but the offering was postponed due to unfavorable market conditions. However, his net worth increased significantly from 2005 to 2006 due to Colombia's booming stock market.

Sarmiento Angulo continues to run Grupo Aval with the help of his son Luis Carlos Jr., who is being groomed to take over the business.

Luis Carlos Sarmiento: Companies

Sarmiento Angulo is the majority shareholder and chairman of Grupo Aval, a Colombian banking conglomerate. Grupo Aval has interests in banking, telecommunications, and real estate.

Luis Carlos Sarmiento: Major Achievements

Sarmiento Angulo is considered one of the most successful businessmen in Colombia. He has built a multi-billion dollar empire through his shrewd investments and conservative management style.

Luis Carlos Sarmiento: Awards & Achievements

Sarmiento Angulo has received numerous awards and recognitions for his contributions to business and philanthropy. Some of his notable awards include:

Colombian Order of Merit
Order of Boyacá
Forbes magazine's list of the world's billionaires

Luis Carlos Sarmiento: Personal Life & Legacy

Sarmiento Angulo is a devout Catholic and a member of Opus Dei, a conservative Catholic organization.

He is known for his philanthropy and has made significant donations to various charitable causes.

Luis Carlos Sarmiento: Trivia

Sarmiento Angulo is a fan of classical music and opera.
He is also an avid golfer and has played at some of the world's most prestigious courses.
Sarmiento Angulo is a member of the Colombian Academy of Economic Sciences.

Wealth History

Timeline

1950s

Started career in the 1950s building residential and commercial developments.

By 2000

Held an estimated 22% of local banking assets.

2000

Founded Grupo Aval as a holding company for banking, telecommunications, and real estate interests.

2000

Plans to list Grupo Aval on the New York Stock Exchange postponed due to unfavorable market conditions.

2005-2006

Net worth increased significantly due to Colombia's booming stock market.

Present

Continues to run Grupo Aval with help from son Luis Carlos Jr., who is being groomed to take over.

Present

Announced COP 80 billion donation to purchase groceries for 400,000 families in need, 300,000 diagnostic tests for Covid-19, and ventilators and other medical equipment.

Luis Carlos Sarmiento : FAQs

What is Luis Carlos Sarmiento's current net worth?

Luis Carlos Sarmiento's current net worth is $9.93 billion.

What is Luis Carlos Sarmiento's current global rank among billionaires?

Luis Carlos Sarmiento holds the 325th position globally among billionaires.

What is Luis Carlos Sarmiento's current ranking within the Colombia?

Luis Carlos Sarmiento holds the 3rd position in Colombia.

What was the change in Luis Carlos Sarmiento's net worth compared to the previous year?

Luis Carlos Sarmiento's net worth increased by 216.61 million dollars compared to the previous year 2025, when his net worth was 9.72 billion dollars.

What is the recent change in Luis Carlos Sarmiento's net worth?

Luis Carlos Sarmiento's net worth decreased by 101.75 million dollars recently, a 1.02% decrease, with his net worth standing at 9.93 billion dollars.

What are Luis Carlos Sarmiento's main sources of wealth?

Luis Carlos Sarmiento's main source of income comes from Banking.

In which industry does Luis Carlos Sarmiento primarily operate?

Luis Carlos Sarmiento is primarily involved in the Finance & Investments industry.

What is Luis Carlos Sarmiento educational background?

Luis Carlos Sarmiento holds a Bachelor of Arts/Science from National University of Colombia.

How old is Luis Carlos Sarmiento?

Luis Carlos Sarmiento is 93 years old.

How many children does Luis Carlos Sarmiento have?

Luis Carlos Sarmiento has 5 children.

What is Grupo Aval and who founded it?

Grupo Aval is a Colombian conglomerate that focuses on banking, telecommunications, and real estate. It was founded by Luis Carlos Sarmiento Angulo as a holding company for his financial service companies.

How did Luis Carlos Sarmiento Angulo start his career and establish his wealth?

Sarmiento Angulo began his career in the 1950s with residential and commercial construction, later embarking on an acquisition campaign of banks and financial service companies. He founded Grupo Aval and became the majority shareholder, with an ownership of approximately 22% of local banking assets by 2000.

What notable financial strategy is Luis Carlos Sarmiento Angulo known for?

Luis Carlos Sarmiento Angulo is recognized as one of Colombia's most prudent entrepreneurs, noted for his conservative management style. This approach enabled him to withstand Colombia's worst recession and his net worth surged with the booming stock market between 2005 and 2006.

How has Luis Carlos Sarmiento Angulo contributed to philanthropy during the Covid-19 pandemic?

During the Covid-19 pandemic, Sarmiento Angulo announced a considerable donation of COP 80 billion to support Colombian families in need by purchasing groceries for 400,000 households, funding 300,000 diagnostic tests for Covid-19, and supplying ventilators and other essential medical equipment.