Luis Carlos Sarmiento

$6.92B

as of 07/05/24

About Luis Carlos Sarmiento

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. The octogenarian still chairs the company.

After graduating with a degree in engineering, he 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.

Personal stats

Citizenship

Colombia

Source of wealth

Banking

Residence

Bogota, Colombia

Marital status

Married

Birth date

01/27/33 (age 91)

Number of children

Education

Bachelor of Arts/Science, National University of Colombia

Self-made

self-made