Luis Carlos Sarmiento

In this Spanish name, the first or paternal surname is Sarmientoand the second or maternal family name is Angulo.

Luis Carlos Sarmiento Angulo
Born	(1933-01-27) 27 January 1933 (age 92) Bogotá, Colombia
Alma mater	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 was considered the wealthiest person in Colombia, according to Forbes and Bloomberg rankings. In the Forbes 2025 list, he was ranked 369th worldwide with an estimated net worth of US$8.2 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

• Julio Mario Santo Domingo Pumarejo
• Germán Efromovich

References

1. ""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). 2004-06-08. Retrieved 2011-10-25.
2. "Personas Ilustres y Destacadas de Bogotá". Colombia-SA. Retrieved 2010-02-05.
3. "Forbes profile: Luis Carlos Sarmiento". Forbes . Retrieved 22 October 2025.
4. Corporate titans: most powerful Latin CEOs: Executive Strategies for the Americas, October, 2000