Background and career
Luis Carlos Sarmiento Angulo (born 27 January 1933) 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.
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.
Sources
Net-worth figure: Celebrity Net Worth (October 2026), in USD. Biography and career facts: the person's Wikipedia article and linked reporting. Snapshot date for all StarWorth figures: 28 October 2026.
