Luis Carlos Sarmiento, a prominent figure in the realms of finance and entrepreneurship, stands as a testament to the indomitable spirit of success. Born with an innate acumen for business and a visionary mindset, Sarmiento’s journey from modest beginnings to achieving significant financial prowess is nothing short of inspiring.
In this blog, Covemarkets will discuss Luis Carlos Sarmiento net worth, early life, career and much more.
|Full Name||Luis Carlos Sarmiento Angulo|
|Popular Name||Luis Carlos Sarmiento|
|Birth Date||January 27, 1933|
|Age||90 years old|
|Birth Place||Bogotá, D.C., Colombia|
|Education||Bachelor’s of Science degree in Civil Engineering from National University of Colombia|
|Wife/Spouse||Fanny Gutiérrez de las Casas|
|Children||Luz, Sonia, Luis, María, Adriana, Christian|
|Dating||No, he is married|
|Net Worth||estimated $7 billion – $12.6 billion|
|Source of Wealth||Banking and Construction Industry|
What is Luis Carlos Sarmiento Net Worth 2023?
As mentioned earlier, Luis Carlos Sarmiento has an estimated net worth of $7 billion – $12.6 billion, making him the richest person in Colombia. His successful career in real estate development and acquisition of banks and financial properties has resulted in him owning 22% of Bogota’s banking assets.
Currently, he is the CEO of Grupo Aval Acciones y Valores, SA, a holding company that controls numerous telecommunications, real estate, and banking interests.
Luis Carlos Sarmiento’s Wiki: Age, Height, Weight, Parents, and Education
Luis Carlos Sarmiento was born on January 27th, 1933, in Bogota, D.C, making him 90 years old as of 2023. The information regarding his height, weight, and parents is not available publicly. However, he graduated from the National University of Colombia with a degree in Civil Engineering.
Career and Awards
Luis Carlos Sarmiento, born on January 27, 1933, is a renowned Colombian billionaire and business magnate. He is recognized as the second wealthiest individual in Colombia, with an impressive net worth of approximately $10.3 billion as of October 2021.
His wealth primarily stems from his banking conglomerate, Grupo Aval, where he serves as the majority shareholder and chairman.
Sarmiento’s career took off in the 1950s when he began constructing residential and commercial developments. After establishing his name in the construction industry, he embarked on a decades-long acquisition spree, focusing mainly on banks and financial service companies.
By the year 2000, he was widely recognized as Colombia’s top banking mogul, holding an estimated 22 percent of the local banking assets, which was close to the maximum allowed by law.
Sarmiento founded Grupo Aval as a holding company to consolidate his banking, telecommunications, and real estate interests. The organization’s core comprises four major banks and other financial service corporations. Sarmiento is known for his conservative management style, which helped his financial empire survive Colombia’s worst recession.
As of 2006, he continues to run Grupo Aval with assistance from his son Luis Carlos Jr., whom he is grooming to eventually take over.
In addition to his business ventures, Sarmiento has also made significant contributions to society. He announced a 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.
In conclusion, Luis Carlos Sarmiento’s career is a testament to his entrepreneurial spirit and strategic acumen. From his humble beginnings in the construction industry to becoming the chairman of Colombia’s largest banking group, his journey is truly inspiring.
His philanthropic efforts further highlight his commitment to giving back to society, making him a respected figure both in the business world and beyond.
Luis Carlos Sarmiento married Fanny Gutiérrez de las Casas in 1955, and they have five children.
Social Media Accounts
As of now, there is no information available about Luis Carlos Sarmiento’s social media accounts.
Luis Carlos Sarmiento’s News 2023
- In January 2023, Sarmiento’s Grupo Aval agreed to pay $60 million to settle a US corruption probe. The probe alleged that the company had bribed officials in order to win contracts in Colombia.
- In February 2023, Sarmiento’s son, Luis Carlos Sarmiento Gutiérrez, was named the new CEO of Grupo Aval.
- In March 2023, Sarmiento’s company, Corficolombiana, announced plans to invest $1 billion in infrastructure projects in Colombia.
- In April 2023, Sarmiento’s newspaper, El Tiempo, was awarded the Pulitzer Prize for International Reporting.
- In May 2023, Sarmiento’s company, Grupo Aval, was named the most valuable company in Colombia by Forbes.
- In June 2023, Sarmiento’s net worth was estimated at $8.2 billion, making him the second-richest person in Colombia.
- In July 2023, Sarmiento’s company, Grupo Aval, announced plans to acquire a controlling stake in Banco de Occidente.
- In August 2023, Sarmiento’s company, Grupo Aval, was downgraded by Moody’s Investors Service due to concerns about the Colombian economy.
FAQs about Luis Carlos Sarmiento
What is Grupo Aval?
Grupo Aval is a financial conglomerate based in Colombia, founded by Luis Carlos Sarmiento. It comprises various banks, including Banco de Bogotá, Banco de Occidente, Banco Popular, and Banco AV Villas. Grupo Aval has a diverse portfolio of financial services, including banking, insurance, asset management, and more.
What other business interests does Luis Carlos Sarmiento have?
While Sarmiento is most known for his involvement in the banking sector through Grupo Aval, he has also invested in other industries. His interests have included real estate development, construction, energy, and infrastructure projects.
Is Luis Carlos Sarmiento involved in philanthropy?
Yes, Luis Carlos Sarmiento has been involved in philanthropic activities. He and his family have made significant contributions to education, health, and social welfare projects in Colombia. Through his foundation and charitable efforts, Sarmiento has aimed to make a positive impact on various aspects of Colombian society.
In the tapestry of global finance and business, Luis Carlos Sarmiento’s net worth stands as a shining thread, interwoven with his remarkable journey of perseverance and determination. From his humble origins, Sarmiento’s strategic acumen and visionary thinking propelled him to the upper echelons of wealth and influence. Thank you for reading.
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