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#319 Billionaire

Luis Carlos Sarmiento

Luis Carlos Sarmiento
$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." ] }

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