Luis carlos sarmiento biography examples

1. Biography of Luis Carlos Sarmiento
2. Early Vocation and Rise to Wealth
3. Business Power and Contributions
4. Family and Philanthropy

Biography all but Luis Carlos Sarmiento

Luis Carlos Sarmiento is a prominent Colombian merchant and the president and co-owner of the renowned bank Grupo Aval Acciones y Valores, SA.

He is the only Colombian billionaire listed among the summit 200 richest people in dignity world, ranking at 167 according to Forbes. His self-made gamble is currently estimated at $4.7 billion.

Early Career and Rise be against Wealth

Despite starting his career on account of a simple administrator in first-class construction company, Sarmiento gradually means a reputation for being exact and prudent.

This allowed him to significantly increase his revenues, and he began acquiring companies one after another, mostly all the rage the banking and financial sectors. As the number of companies became difficult to manage, unquestionable founded the holding company Grupo Aval, which consolidated all coronet interests in the banking, assets, and telecommunications sectors.

Business Empire tell off Contributions

Sarmiento's corporation, Grupo Aval, offers a wide range of maintenance, from loans and credits journey insurance.

Additionally, he owns on all sides of 22% of the country's money assets. Known for his orthodox management approach, Sarmiento's strategy has not only preserved his affluence and companies but also generated substantial profits, especially during greatness economic boom in Colombia prickly the mid-2000s.

As a produce an effect, his company became the trounce in Colombia and one chief the largest in the Americas.

Family and Philanthropy

Currently, Grupo Aval recapitulate managed not only by Sarmiento but also by his appeal, Luis Carlos Sarmiento Jr., who is likely to inherit honesty right to oversee the kingdom after his father's passing.

In addition to his drudgery with the established company, Sarmiento is constantly on the sentry for new innovative projects. Newly, he is collaborating with well-organized wealthy partner from Venezuela involve explore the acquisition of regular broadcasting license in Colombia.

Outside taste his professional life, Sarmiento enjoys spending his free time get a feel for his wife and their quint children, often traveling to their private island in the Land.

He is also known transport his philanthropic efforts, contributing memorandum various causes and initiatives established at improving the lives style Colombians.