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Luis Carlos Sarmiento
Luis Carlos Sarmiento Angulo (b. 1933) is a Colombian billionaire with an estimated net worth in 2006 of $4.4 billion dollars. He is president of the massive banking conglomerate Grupo Aval Acciones y Valores, SA (Grupo Aval).
Career history
Sarmiento's career began modestly 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 institutions. 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 ...
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