Luis Carlos Sarmiento
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Luis Carlos Sarmiento Angulo
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| Born | (1933-01-27) 27 January 1933 Bogotá, Colombia
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| Education | National University of Colombia |
| Known for | Majority shareholder and chairman, Grupo Aval |
| Spouse | Fanny Gutiérrez de las Casas (m.1955) |
| Children | 5 |
| Awards | Order of Boyacá 2004 Grand Cross[1] Order of the Congress of the Republic (Colombia) 2004 Grand Officer[1] |
Luis Carlos Sarmiento Angulo (born 27 January 1933)[2] is a Colombian billionaire businessman and banker. His fortune derives primarily from the banking conglomerate Grupo Aval, of which he is the majority shareholder and chairman. For many years, he has been the wealthiest person in Colombia, according to Forbes and Bloomberg. As of December 2025, Forbes estimated his net worth at US$9.8 billion.[3]
Career
Sarmiento founded Grupo Aval as a holding company to gather his banking, telecommunications, and real estate interests. Four major banks, as well as other financial service corporations, form the core of the organization. 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.[4]
See also
References
- ^ a b ""Construir La Clase Empresarial Es Muy Difícil, Destruirla Es Muy Facíl": Uribe" ["To Construct the Business Class is Very Hard, To Destroy It Is Very Easy": Uribe] (in Spanish). Colombia, Press Office of the President of Colombia (SNE). 8 June 2004. Retrieved 25 October 2011.
- ^ "Personas Ilustres y Destacadas de Bogotá". Colombia-SA. Retrieved 5 February 2010.
- ^ "Forbes profile: Luis Carlos Sarmiento". Forbes. Retrieved 6 December 2025.
- ^ Corporate titans: most powerful Latin CEOs: Executive Strategies for the Americas, October 2000