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.
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
As of 2006, he continues to run Grupo Aval with help from his son Luis Carlos Jr
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
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
Sarmiento's career began during the 1950s, building residential and commercial developments
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