Luis Carlos Sarmiento
{{Short description|Colombian billionaire}}
{{family name hatnote|Sarmiento|Angulo|lang=Spanish}}
{{Infobox person
| name = Luis Carlos Sarmiento Angulo
| image = Luis carlos sarmiento angulo.jpg
| birth_date = {{birth date and age|1933|01|27|df=yes}}
| birth_place = Bogotá, Colombia
| death_date =
| death_place =
| known_for = Majority shareholder and chairman, Grupo Aval
| alma_mater = National University of Colombia
| education =
| spouse = Fanny Gutiérrez de las Casas (m.1955)
| children = 5
| awards = {{Awards|award=Order of Boyacá |year=2004 |title=Grand Cross{{cite web |url=http://www.presidencia.gov.co/prensa_new/sne/2004/junio/08/25082004.htm |trans-title="To Construct the Business Class is Very Hard, To Destroy It Is Very Easy": Uribe |title="Construir La Clase Empresarial Es Muy Difícil, Destruirla Es Muy Facíl": Uribe |date=2004-06-08 |accessdate=2011-10-25 |language=Spanish |publisher=Colombia, Press Office of the President of Colombia (SNE)}}}}{{Awards|award=Order of the Congress of the Republic (Colombia)|year=2004 |title=Grand Officer}}
}}
Luis Carlos Sarmiento Angulo (born 27 January 1933{{cite web|url=http://www.colombia-sa.com/departamentos/bogota/personas7bogota-es.html|title=Personas Ilustres y Destacadas de Bogotá|publisher=Colombia-SA|accessdate=2010-02-05}}) is a Colombian billionaire and the second wealthiest man in Colombia, with a net worth of US$6.6 billion, as of December 2024, estimated by Forbes, that derives from the banking conglomerate Grupo Aval, of which he is the majority shareholder and chairman.{{cite web |url=https://www.forbes.com/profile/luis-carlos-sarmiento/ |title=Forbes profile: Luis Carlos Sarmiento |website=Forbes |accessdate= 12 October 2021 }}
Career
Sarmiento's career began during the 1950s, building residential and commercial developments. After making his name in the construction business, Sarmiento initiated an acquisitions campaign that has persisted for decades, concentrating on banks and financial service companies. By 2000, he was widely acknowledged as Colombia's top banking mogul, holding an estimated 22 percent of the local banking assets, close to the maximum allowed by law.
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. He is considered one of Colombia's most prudent entrepreneurs, known for his conservative management. This cautious approach helped his financial empire survive the worst recession in Colombia's history. 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.Corporate titans: most powerful Latin CEOs: Executive Strategies for the Americas, October, 2000 Sarmiento's net worth increased significantly from 2005 to 2006, thanks largely to Colombia's booming stock market, Bolsa de Valores de Colombia, the world's second best performing in 2005. As of 2006, he continues to run Grupo Aval with help from his son Luis Carlos Jr., whom he is grooming to eventually take over.
Luis Carlos Sarmiento Angulo, Founder and Chairman of Grupo Aval (NYSE listed: AVAL), announced COP 80 billion donation to purchase groceries for 400,000 families in need, 300,000 diagnostic tests for COVID-19 and ventilators and other medical equipment.{{Cite web|url=https://www.portafolio.co/negocios/empresas/organizacion-luis-carlos-sarmiento-angulo-entrego-300-mil-kits-de-pruebas-del-covid-541464|title = Luis Carlos Sarmiento Angulo entregó 300 mil kits de pruebas del Covid}}
See also
References
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Category:National University of Colombia alumni
Category:Colombian civil engineers
Category:20th-century Colombian businesspeople