Luis Sarmiento Net Worth, Age, Family & Biography $7.0 B Real Time Net Worth #447 in the world today

Avan Parvadiya — Mon, 05 Jun 2023 12:52:09 +0000

About Luis Sarmiento

Sarmiento is the director and founder of Grupo Aval, Colombia’s biggest financial Group. By the end of 2022, the company based in Bogota had assets of nearly $61 billion. In addition, he owns the newspaper El Tiempo and the real estate developer Construcciones Planificadas, as well as two insurance companies that operate under the Alfa brand.

Luis Carlos Sarmient0 is the director and founder of Grupo Aval

Luis Sarmiento Career

Luis Carlos Sarmiento Angulo was born on 27 January 1933, building private and business advancements. Subsequent to making his name in the development business, Sarmiento started an acquisitions crusade that has persevered for a really long time, focusing on banks and monetary help organisations. By the year 2000, he was well-known as the most powerful banker in Colombia. He owned about 22% of the country’s banking assets, which was close to the maximum allowed by law.

Through Corficolombiana, Aval’s speculation bank, Sarmiento claims a variety of interests in the foundation, agribusiness, energy and the travel industry. He also keeps a land business, Construcciones Planificadas. The company is building the Ciudad Empresarial Sarmiento Angulo, a 6.5 million square foot office complex near the city’s airport, after overseeing the 2010 construction of Bogota’s Centro Mayor, Colombia’s largest mall.

Luis Sarmiento Facts

Over the decades that followed, he continued to build his financial empire by starting his own businesses and buying others. In 1998, he joined the greater part of his monetary advantages under another holding organisation, Grupo Aval, which held an Initial public offering the next year.