Luis carlos sarmiento biography template

Colombian billionaire

In this Spanish name, the first or paternal surname is Sarmiento and the second or maternal family name is Angulo.

Luis Carlos Sarmiento Angulo (born 27 January 1933^[2]) is a Colombian billionaire and the second wealthiest man in Colombia, with a net worth of US$6.6 billion, as of December 2024, estimated by Forbes, that derives from the banking conglomerate Grupo Aval, of which he is the majority shareholder and chairman.^[3]

Career

Sarmiento's career began during the 1950s, building residential and commercial developments.

Luis carlos sarmiento biography template

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.

Sarmiento founded Grupo