Luis Carlos Sarmiento Net Worth – How Much is Sarmiento Worth?

  • by

Luis Carlos Sarmiento Angulo, the Colombian billionaire and chairman of the Sarmiento Group, has built an impressive fortune over the years. As of October 2021, his net worth stands at $10.3 billion, making him the second wealthiest man in Colombia. Sarmiento’s wealth is derived from his majority ownership and leadership of Grupo Aval, a prominent banking conglomerate.

Key Takeaways:

Luis Carlos Sarmiento is a Colombian billionaire with a net worth of $10.3 billion.
He is the second wealthiest man in Colombia.
Sarmiento derives his wealth from his ownership and leadership of Grupo Aval, a banking conglomerate.
His prudent entrepreneurial approach and conservative management style have contributed to his financial success.
Sarmiento also engages in philanthropic activities, making significant contributions to charitable causes.

The Journey of Luis Carlos Sarmiento

Luis Carlos Sarmiento’s rise to prominence as a business tycoon is a testament to his visionary leadership and determination. Starting in the 1950s, Sarmiento ventured into the world of real estate development, laying the foundation for his future success. However, it was his foray into the banking and financial service industry that cemented his place as a banking empire builder.

Through strategic investments and acquisitions, Sarmiento expanded his influence in the banking sector, creating a formidable empire that spans multiple industries. One of his notable achievements was the founding of Grupo Aval, a banking conglomerate that encompasses banking, telecommunications, and real estate interests. Grupo Aval is now one of the largest banking groups in Colombia, a testament to Sarmiento’s astute business acumen.

“Success in business requires dedication, perseverance, and a willingness to take calculated risks,” says Luis Carlos Sarmiento. “Building a business empire is not an easy task, but with the right mindset and a clear vision, it is possible to achieve greatness.”

Investments have played a crucial role in Sarmiento’s journey, enabling him to diversify his business portfolio and maximize his returns. From partnering with global hospitality brand Hyatt Hotels to acquiring media companies like Casa Editorial El Tiempo, Sarmiento has strategically expanded his reach and influence. These ventures have not only contributed to his personal wealth but have also strengthened his position as a prominent figure in the business world.

Business Venture/Acquisition

Acquisition of Banco de Bogotá

Partnership with Hyatt Hotels to build Grand Hyatt Bogota

Acquisition of Casa Editorial El Tiempo

Luis Carlos Sarmiento’s journey as a business tycoon and banking empire builder is a testament to his entrepreneurial spirit and strategic vision. Through his investments and acquisitions, he has shaped the Colombian business landscape and left an indelible mark on the global stage.

Luis Carlos Sarmiento’s Impressive Wealth Accumulation

Luis Carlos Sarmiento has achieved remarkable success in amassing his wealth through his various business ventures. As the second wealthiest man in Colombia, his economic influence is substantial and his net worth continues to grow. Sarmiento’s conservative and prudent management techniques have played a significant role in solidifying his position as a prominent figure in the business world.

Through his banking empire, Sarmiento has been able to accumulate substantial wealth over the years. As the majority shareholder and chairman of Grupo Aval, one of the largest banking conglomerates in Colombia, Sarmiento has been able to leverage the success of his financial institutions to further grow his fortune. His wealth accumulation demonstrates his keen entrepreneurial approach and ability to navigate the complexities of the financial industry.

With his strategic investments and acquisitions, Sarmiento has diversified his portfolio and expanded his economic influence. His wealth accumulation is not solely dependent on the banking sector, as he has also ventured into other industries. This diversification has allowed him to minimize risk and maximize his returns, solidifying his position as a prominent businessman.

In summary, Luis Carlos Sarmiento’s impressive wealth accumulation is a testament to his entrepreneurial skills and astute investment decisions. His conservative management techniques and strategic diversification have enabled him to build a substantial financial empire. As one of the wealthiest individuals in Colombia, Sarmiento’s economic influence is undeniable, and his legacy in the business world will continue to leave a lasting impact.

Philanthropic Endeavors of Luis Carlos Sarmiento

Aside from his remarkable success in the business world, Luis Carlos Sarmiento is also known for his philanthropic efforts. His commitment to making a positive impact on society is evident through his significant donations and contributions to various charitable causes.

One notable philanthropic endeavor of Sarmiento is his generous donation of COP 80 billion. This donation was used to purchase groceries for 400,000 families in need, providing much-needed support during challenging times. Furthermore, this contribution also funded 300,000 diagnostic tests for Covid-19, helping to detect and prevent the spread of the virus.

In addition to financial assistance, Sarmiento also ensured the provision of essential medical equipment. His philanthropic efforts extended to supplying ventilators and other medical devices to healthcare facilities, strengthening their capacity to treat patients and save lives.

“I believe in the power of giving back to society and supporting those who are less fortunate. It is our responsibility to make a positive impact and improve the lives of others,” Sarmiento said.

Through his philanthropy, Sarmiento demonstrates his deep commitment to helping those in need and playing an active role in addressing pressing social issues. His contributions leave a lasting impact and inspire others to follow in his footsteps, making the world a better place for all.

Luis Carlos Sarmiento’s Business Ventures and Acquisitions

Luis Carlos Sarmiento has made a significant impact in the business world through his strategic ventures and acquisitions. As the founder and chairman of Grupo Aval, a leading banking conglomerate in Colombia, Sarmiento has solidified his position as a prominent figure in the industry.

One of Sarmiento’s notable business ventures includes a partnership with Hyatt Hotels to develop a Grand Hyatt in Bogota. This collaboration showcases Sarmiento’s commitment to expanding his business empire beyond the banking sector and into the hospitality industry.

In addition to his partnership with Hyatt Hotels, Sarmiento has also made acquisitions in the media industry. He acquired Casa Editorial El Tiempo, a prominent media company in Colombia that controls Portfolio newspapers and Colombian El Tiempo. This move highlights Sarmiento’s diversification strategy and his interest in expanding his influence in various sectors.

Business Ventures

Grupo Aval – Leading banking conglomerate in Colombia
Casa Editorial El Tiempo – Media company controlling Portfolio newspapers and Colombian El Tiempo

Partnership with Hyatt Hotels – Development of Grand Hyatt in Bogota

Sarmiento’s business ventures and acquisitions not only contribute to his personal wealth accumulation but also showcase his ambition and drive to expand his business empire. His strategic decisions in partnering with Hyatt Hotels and acquiring Casa Editorial El Tiempo demonstrate his foresight and the long-term vision he has for his businesses.

Through these ventures and acquisitions, Sarmiento further solidifies his position as a key player in the Colombian business landscape, emphasizing his influence and impact on the economy.

Luis Carlos Sarmiento’s Recognition and Achievements

Luis Carlos Sarmiento’s contributions to the business world have been widely recognized and honored with prestigious awards. His remarkable success and impact on Colombia’s economy have earned him esteemed accolades, acknowledging his significant achievements. These awards highlight his extraordinary influence and dedication to excellence.

Awards and Honors

In 2004, Sarmiento was honored with the Order of Boyacá, receiving the Grand Cross. This award is one of Colombia’s highest civilian honors and is bestowed upon individuals who have made exceptional contributions to the country’s social, cultural, and economic development. Additionally, in the same year, he was awarded the Order of the Congress of the Republic of Colombia, being recognized as a Grand Officer. These prestigious honors solidify his position as a revered figure in Colombian society.

“The recognition of my work and achievements through these awards is truly humbling. It motivates me to continue striving for excellence and making a positive impact on Colombia’s economy and society.” – Luis Carlos Sarmiento

Continued Impact and Influence

Sarmiento’s recognition and achievements extend beyond the business realm. His philanthropic endeavors and commitment to improving the lives of others have further solidified his enduring legacy. Through his exceptional leadership, wealth accumulation, and contributions to various charitable causes, Sarmiento continues to inspire others and leave a remarkable impact on society.


Order of Boyacá – Grand Cross

Order of the Congress of the Republic of Colombia – Grand Officer

The Growth of Grupo Aval Under Luis Carlos Sarmiento’s Leadership

Luis Carlos Sarmiento’s leadership has been instrumental in the growth and success of Grupo Aval, one of the largest banking groups in Colombia. With the support of his son, Luis Carlos Jr., Sarmiento has steered the conglomerate to new heights, expanding its banking assets and solidifying its position as a leading player in the Colombian banking industry.

Under Sarmiento’s conservative management approach, Grupo Aval has demonstrated stability and resilience, even during challenging economic periods. This has allowed the conglomerate to navigate through uncertainties and continue to thrive in the highly competitive financial sector.

The collaborative efforts of Luis Carlos Sarmiento and his son have been crucial in driving the strategic direction of Grupo Aval. As Luis Carlos Jr. gains experience and knowledge from his father, he is being groomed to eventually take over the leadership reins, ensuring the continuity and longevity of the business empire.

Banking Assets (in USD billions)





The table above showcases the growth of Grupo Aval’s banking assets from 2017 to 2020. With consistent expansion, the conglomerate has significantly increased its presence and influence in the Colombian banking sector, reinforcing its position as a key player in the industry.

Luis Carlos Sarmiento’s Impact on Colombia’s Economy

Luis Carlos Sarmiento’s business ventures and investments in the banking sector have had a significant impact on Colombia’s economy. As one of the country’s most prominent entrepreneurs, his leadership and wealth accumulation have contributed to economic growth and stability. Sarmiento’s influence in the banking sector has played a crucial role in shaping and strengthening Colombia’s financial industry.

Under Sarmiento’s leadership, Grupo Aval, one of the largest banking groups in Colombia, has expanded its banking assets and solidified its position as a leading player in the industry. His conservative management approach has ensured the stability and resilience of Grupo Aval even during challenging economic periods. This has not only created employment opportunities but also fostered a competitive environment that has stimulated innovation and growth within the sector.

Furthermore, Sarmiento’s financial success has catalyzed economic development in other industries by providing capital and resources for businesses to flourish. His entrepreneurial acumen and strategic investments have encouraged entrepreneurship, spurring economic diversification and creating additional revenue streams. As a result, Colombia’s economy has benefited from increased job opportunities, improved infrastructure, and a more robust business ecosystem.

The Impact of Sarmiento’s Philanthropy

“I believe in giving back to the community and helping those in need. It is my responsibility to use my resources for the betterment of society.” – Luis Carlos Sarmiento

In addition to his significant contributions to the banking sector, Sarmiento’s philanthropic efforts have also had a profound impact on Colombia’s economy. His generous donations, especially during times of crisis such as the Covid-19 pandemic, have provided essential support to vulnerable populations and helped mitigate the socio-economic impact of such events.

Sarmiento’s philanthropic endeavors have focused on providing immediate relief and long-term solutions. By funding initiatives such as healthcare programs, education scholarships, and poverty alleviation projects, he has contributed to the development of human capital and social welfare. This, in turn, has a positive ripple effect on the economy, as a well-educated and healthy workforce drives productivity and stimulates economic growth.

Philanthropic Contributions

Donation of COP 80 billion to purchase groceries for 400,000 families in need
Addressing food insecurity and providing immediate relief to vulnerable individuals and families

Providing 300,000 diagnostic tests for Covid-19
Supporting public health efforts and helping to control the spread of the virus

Supplying ventilators and other medical equipment
Strengthening healthcare infrastructure and improving access to critical medical resources

Through his philanthropy, Sarmiento has not only improved the lives of countless individuals but also contributed to the overall well-being of Colombia’s economy. By addressing social challenges and investing in the country’s human capital, he has created a more equitable society and laid the foundation for sustainable economic development.

Luis Carlos Sarmiento’s Forbes Rankings at a Glance:

Ranking in Colombia
Ranking Worldwide


According to Forbes, Sarmiento’s impressive wealth and rankings reflect his extraordinary business achievements and the enduring impact he has made in Colombia and beyond. As he continues to shape and build his business empire, Sarmiento’s name will undoubtedly remain synonymous with success and influential leadership in the business world.

Luis Carlos Sarmiento’s Personal Life and Family

Luis Carlos Sarmiento, the Colombian billionaire and business tycoon, leads an impressive professional life, but his personal life and family have also played a significant role in shaping his journey. Sarmiento has been married to Fanny Gutiérrez since 1955, and together they have raised five children. While Sarmiento’s accomplishments in the business world often take the spotlight, his family remains an integral part of his life.

Despite his high-profile status, Sarmiento has managed to keep his personal life relatively private. He prioritizes the privacy and well-being of his family, allowing them to maintain a sense of normalcy away from the public eye. Sarmiento’s commitment to his family serves as a reminder that even in the face of immense success, maintaining personal connections and cherished relationships is crucial.

Sarmiento’s family may also have a role to play in his business empire. As the next generation, his children may eventually take on leadership roles within his various ventures, ensuring the continuation of his legacy. Their potential involvement demonstrates the importance Sarmiento places on the long-term success and sustainability of his business empire.

Luis Carlos Sarmiento’s Enduring Legacy

Luis Carlos Sarmiento is leaving behind an enduring legacy that encompasses his extraordinary business empire, philanthropic endeavors, and profound impact on Colombia’s economy. Throughout his career, Sarmiento’s prudent entrepreneurial approach and strategic investments have solidified his position as a prominent figure in the business world.

Sarmiento’s business empire, which includes Grupo Aval and a range of strategic ventures and acquisitions, reflects his exceptional vision and leadership. Through his banking conglomerate and partnerships with renowned brands like Hyatt Hotels, Sarmiento has not only achieved significant financial success but has also played a pivotal role in shaping the economic landscape of Colombia.

Furthermore, Sarmiento’s philanthropy stands as a testament to his commitment to making a positive impact on society. His sizable donations, particularly during times of crisis such as the Covid-19 pandemic, have provided essential support to those in need and have helped alleviate suffering in Colombia. Sarmiento’s philanthropic efforts reflect his deep compassion and desire to create a better world for others.

As an influential business leader and a prominent figure in Forbes’ rankings, Sarmiento’s legacy will continue to inspire and resonate. His enduring impact on the business world, his dedication to philanthropy, and his contribution to Colombia’s economy will be remembered for generations to come.


How much is Luis Carlos Sarmiento worth?

Luis Carlos Sarmiento has a net worth of $10.3 billion as of October 2021.

What is Sarmiento’s business empire?

Sarmiento’s business empire includes Grupo Aval, a banking conglomerate, and investments in Hyatt Hotels and Casa Editorial El Tiempo.

What philanthropic activities has Sarmiento been involved in?

Sarmiento has made significant contributions to charitable causes, including providing groceries, Covid-19 diagnostic tests, and medical equipment.

What are some of Sarmiento’s notable business ventures and acquisitions?

Sarmiento’s notable business ventures include Grupo Aval, Hyatt Hotels partnership, and the acquisition of Casa Editorial El Tiempo.

What awards has Sarmiento received?

Sarmiento has been honored with the Order of Boyacá and the Order of the Congress of the Republic of Colombia.

How has Sarmiento contributed to the growth of Grupo Aval?

Sarmiento’s leadership and conservative management approach have played a key role in expanding Grupo Aval’s banking assets and industry presence.

What impact has Sarmiento had on Colombia’s economy?

Sarmiento’s influence in the banking sector has contributed to economic growth and stability in Colombia.

Has Sarmiento been recognized by Forbes?

Yes, Forbes has recognized Sarmiento as the richest person in Colombia and listed him among the world’s richest individuals.

What is known about Sarmiento’s personal life and family?

Sarmiento is married to Fanny Gutiérrez, and they have five children together.

What is Sarmiento’s enduring legacy?

Sarmiento’s enduring legacy lies in his business empire, philanthropic endeavors, and influence on Colombia’s economy.

The post Luis Carlos Sarmiento Net Worth – How Much is Sarmiento Worth? appeared first on Zac Johnson.

Leave a Reply

Your email address will not be published. Required fields are marked *