Luis Carlos Sarmiento’s profile picture

Luis Carlos Sarmiento

Luis Carlos Sarmiento’s profile picture
Net worth 2018: $12.15 Billion
Industry: Finance
Residence: Bogota, Colombia
Country: Colombia
BirthDay: 27 January 1933
Sigh: Aquarius
Children: 5
Education: Bachelor of Arts / Science, National University of Colombia
BIOGRAPHY

Luis Carlos Sarmiento was bornon 27 January 1933 in Bogota, Colombia, Colombia. Luis Carlos Sarmiento is #128 in List Billionaires People In The World. 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.

NET WORTH STATISTIC
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

TIMELINE
2016

6 billion as of 2016 that derives from the banking conglomerate Grupo Aval Acciones y Valores, SA, of which he is the majority shareholder and president

2006

As of 2006, he continues to run Grupo Aval with help from his son Luis Carlos Jr

2005

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

2000

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

1950

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

1933

Luis Carlos Sarmiento Angulo (born 27 January 1933) is a Colombian billionaire and the wealthiest man in Colombia with a net worth of USD$11

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