Luis Carlos Sarmiento
$8988.5B
Bogota, , Colombia
Biography
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 banks in Colombia. The octogenarian still chairs the company.
After graduating with a degree in engineering, he briefly worked at a construction company, but took a 10,000 pesos payout and started his own firm.
He bought Colombia's largest newspaper El Tiempo in 2012 for an estimated $250 million.
His construction firm is building a Grand Hyatt in Bogota, set to open in August 2018.
Financial Assets
Banco Comercial AV Villas SA
COLOMBIA: VILLAS-COShares: 34,561,000
Banco de Bogota
COLOMBIA: BOGOTA-COShares: 42,261,352
Banco de Occidente S.A.
COLOMBIA: OCCIDENTE-COShares: 20,734,000
Banco Popular
COLOMBIA: POPULAR-COShares: 61,802,000
Corporacion Financiera Colombiana
COLOMBIA: CORFICOLCF-COShares: 34,650,000
Grupo Aval Acciones Y Valores
COLOMBIA: GRUPOAVAL-COShares: 15,838,557,292
Grupo Aval Acciones Y Valores - PREFERRED SHARES
COLOMBIA: PFAVAL-COShares: 4,097,215,914