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Luis Carlos Sarmiento

Luis Carlos Sarmiento

L. Sarmiento
0.31% | + $32.16M
$10.29 B ₹ 93,546 Cr
Real Time Net Worth #316 Ranking as of 21 Feb 2026 By Forbes

More on Luis Carlos Sarmiento

Gender

Male

Age

93Y

Country

Colombia

Born On

January, 1933

Deceased

No

Relationship Status

Married

Children

5

Education

National University Of Colombia - Bachelor'S In Civil Engineering

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Banking)

Primary Organization

Grupo Aval

Titles

Chairman

Sources of Wealth

Grupo Aval

Industry

Finance, Banking, Construction, Investments

About Luis Carlos Sarmiento


L uis Carlos Sarmiento Angulo is Colombia's richest man and a dominant figure in the country's economy, having built a vast empire centered on banking and construction. He started his career in the 1950s, founding his own construction company after working as an engineer. He achieved great success building residential and commercial properties, and astutely began reinvesting his profits into acquiring stakes in banks and other financial institutions during periods of economic crisis, often buying them at bargain prices.

This strategy allowed him to assemble Colombia's largest financial conglomerate, Grupo Aval Acciones y Valores, which he controls and chairs. Grupo Aval is a holding company that owns a majority stake in four of the country's most important banks (Banco de Bogotá, Banco de Occidente, Banco Popular, and Banco AV Villas), as well as the country's largest private pension fund manager, Porvenir. Despite his advanced age, he remains actively involved in his business empire, which is now managed by his son, Luis Carlos Sarmiento Gutiérrez, who serves as CEO of Grupo Aval.

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Quick Reads


  • Colombia's wealthiest person and the founder of Grupo Aval.
  • Grupo Aval is the largest financial conglomerate in Colombia, controlling four major banks.
  • Started his career in the construction industry in the 1950s.
  • Built his banking empire by acquiring financial institutions during economic downturns.
  • His son, Luis Carlos Sarmiento Gutiérrez, is the CEO of Grupo Aval.

Early Life and Background


Luis Carlos Sarmiento Angulo is a Colombian businessman, the self-made billionaire Founder and Chairman of Grupo Aval Acciones y Valores (NYSE: AVAL), the largest banking and financial services group in Colombia. Born in Bogotá, Colombia, in 1933, his career is rooted in engineering, construction, and strategic banking acquisition.

Sarmiento graduated from the National University of Colombia in 1955 with a degree in Civil Engineering. His entrepreneurial journey began with construction and real estate development in the 1950s. His philosophical commitment centers on long-term hold, financial prudence, and vertical integration (controlling construction, finance, and infrastructure).

  • Grupo Aval (Founder & Chairman): The core publicly traded asset, the largest banking and financial services group in Colombia (controlling Banco de Bogotá, Banco Popular, and Banco AV Villas).
  • Infrastructure Focus: His company, Corficolombiana, is a major investor in Colombian infrastructure projects (roads, energy).
  • Academic Background: He holds a degree in Civil Engineering.
  • Philanthropy: He is a major donor to education and health, funding the Luis Carlos Sarmiento Angulo Cancer Treatment and Research Center (a $500 million project).

Career Journey of Luis Carlos Sarmiento


Luis Carlos Sarmiento's strategic genius was his commitment to financial acquisition. He used the profits from his construction business to begin acquiring banks in the 1970s and 1980s. He successfully created Grupo Aval by consolidating his diverse financial institutions, which successfully executed its IPO on the NYSE.

His structural contribution is immense: pioneering the modernization and consolidation of the Colombian banking sector, ensuring its long-term stability. He is actively involved in infrastructure investment through Corficolombiana. His wealth is secured by the colossal, long-term, stable profitability of the Latin American financial and industrial sectors.

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Luis Carlos Sarmiento's Timeline


1950s:

Graduates from the National University of Colombia (Civil Engineering); starts his construction business (Founding).

1970s–1980s:

Begins acquiring Colombian banks (Strategic Acquisition).

1990s:

Grupo Aval is formally established (Corporate Consolidation).

2011:

Grupo Aval executes its successful IPO on the NYSE (Financial Milestone).

Ongoing:

Continues as Founder and Chairman, guiding the massive financial empire (Executive Oversight).

Major Business Ventures and Investments


Luis Carlos Sarmiento's wealth is concentrated in his founding equity and continued executive leadership of the publicly traded financial giant, Grupo Aval Acciones y Valores (NYSE: AVAL).

  • Grupo Aval (Founder & Chairman): The core publicly traded asset, the largest banking and financial services group in Colombia (controlling Banco de Bogotá, Banco Popular, and Banco AV Villas).
  • Infrastructure Focus: His company, Corficolombiana, is a major investor in Colombian infrastructure projects (roads, energy).
  • Academic Background: He holds a degree in Civil Engineering.
  • Philanthropy: He is a major donor to education and health, funding the Luis Carlos Sarmiento Angulo Cancer Treatment and Research Center (a $500 million project).

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Philanthropy and Social Impact


Luis Carlos Sarmiento is a major philanthropist. His structural social impact is tied to Grupo Aval's role as a massive employer and foundational provider of essential banking and financial services in Colombia. His profound philanthropic commitment is to healthcare and education, notably funding the $500 million Cancer Treatment and Research Center (a major structural gift to Colombian public health).

His structural contribution is tied to his belief in prudent financial management and his role as a key leader in the Colombian construction and finance sectors.

Fashion, Style, and Lifestyle


Luis Carlos Sarmiento maintains the professional, composed style of a financial executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global banking and infrastructure sector.

Residing in Bogotá, Colombia, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to financial governance, strategic investment, and high-impact philanthropy.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Founder and Chairman of Grupo Aval, the largest banking and financial services group in Colombia.
  • He built his initial fortune in construction and real estate development.
  • He is funding the $500 million Luis Carlos Sarmiento Angulo Cancer Treatment and Research Center.
  • He holds a degree in Civil Engineering.
  • His company, Corficolombiana, is a major investor in Colombian infrastructure.
  • His wealth is tied to the successful consolidation and professionalization of the Colombian banking sector.
  • His philosophy emphasizes long-term hold and financial prudence.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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