$10.0B
+$49M
(+0.5%)

CO
· Age 93
Source of wealth: Banking
Industry: finance-investments
Residence: Bogota, CO
{
"bio": [
"Luis Carlos Sarmiento Angulo took a fortune amassed in the construction industry and invested it in banks.",
"His Grupo Aval now controls one third of all banks in Colombia; his son Luis Carlos Sarmiento Gutierrez is chairman.",
"After graduating with a degree in engineering, Sarmiento briefly worked at a construction company, but took a 10,000 pesos payout and started his own firm.",
"He bought Colombia's largest newspaper El Tiempo in 2012 for an estimated $250 million.",
"His construction firm built the Grand Hyatt in Bogota, which opened in August 2018."
],
"about": [
"At age 14 he worked part time at Colombia's national radio network making programs for children.",
"He is the second youngest in a family of 9 children."
]
}