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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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).
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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Graduates from the National University of Colombia (Civil Engineering); starts his construction business (Founding).
Begins acquiring Colombian banks (Strategic Acquisition).
Grupo Aval is formally established (Corporate Consolidation).
Grupo Aval executes its successful IPO on the NYSE (Financial Milestone).
Continues as Founder and Chairman, guiding the massive financial empire (Executive Oversight).
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).
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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.
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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+0.21% | +$4.04M
+0.26% | +$5.15M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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