Luis Carlos Sarmiento
Colombian billionaire
From Wikipedia, the free encyclopedia
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] He is the 9th wealthiest person in Latin America.[4]
Luis Carlos Sarmiento Angulo | |
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| Born | 27 January 1933 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] |
Career
Sarmiento founded Grupo Aval as a holding company to gather his banking, telecommunications, and real estate interests. 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.[5]