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22-Mar-2019 23:36

The father of five, who is grooming son Luis Carlos Jr to take over, redirected his construction fortune into financial services, and his Grupo Aval now takes in banking, insurance and commercial lending.

Based in Bogotá, last year he borrowed 0m from Citigroup to buy a controlling stake in Megabanco from the Colombian government.

He may live in New York and work from an office on Park Avenue, but Alejandro Santo Domingo is a firm believer in Colombian industry. His family-owned business, the Santo Domingo Group, is one of Colombia's biggest industrial conglomerates and owns more than 100 businesses, including breweries, energy and TV firms and one of the country's biggest newspapers, El Espectador.

Just 30 years old, the former investment banker and Harvard graduate has now followed his father, Julio Mario Santo Domingo, one of Colombia's richest men, into the family business. When SABMiller took a controlling stake in the family's beer company, Bavaria, in 2005, the Santo Domingo Group took a 15% interest in the FTSE 100 company and Santo Domingo and his cousin, Carlos Alejandro Pérez, are now on the board of the world's largest brewers.

Santo Domingo is also a vice-chairman of SABMiller in Latin America and chairs the Colombian board of Bavaria, the holding company that was merged into SABMiller.

He sits on the board of the Valorem, the private equity company that controls the family's portfolio of other businesses, as well as several companies within that group.

As if that weren't enough, he supports several Latin American charities, including the family's own Mario Santo Domingo Foundation, and is a business partner in fellow Colombian Shakira's América Latina en Acción Solidaria (ALAS), a new foundation that will stage a series of Live Aid-style concerts aimed at reducing poverty in the region.

"We do get things done and I think we have come a long way," he says. Their leaders live in very opulent conditions; they have big fortunes and do not know what to do with them."The reputation is still there, although it has improved a lot.For example, our TV company finds it's not always easy to convince people to come to shoot movies in Colombia.Medina is one of the most eligible bachelors in Europe and a perennial on various international best-dressed lists.The two were very much together this past weekend in Toledo, Spain, at the wedding of Luis’ brother, Rafael Medina, duke of Feria, to Laura Vecino, the creative director of Spanish retailer Mango.

"We do get things done and I think we have come a long way," he says. Their leaders live in very opulent conditions; they have big fortunes and do not know what to do with them.

"The reputation is still there, although it has improved a lot.

For example, our TV company finds it's not always easy to convince people to come to shoot movies in Colombia.

Medina is one of the most eligible bachelors in Europe and a perennial on various international best-dressed lists.

The two were very much together this past weekend in Toledo, Spain, at the wedding of Luis’ brother, Rafael Medina, duke of Feria, to Laura Vecino, the creative director of Spanish retailer Mango.

Alejandro is worth an estimated £2.8 billion thanks for his family's brewing interests in Colombia 'The engagement is announced between Alejandro, son of the late Julio Mario Santo Domingo and of Beatrice Santo Domingo, and Charlotte, youngest daughter of the Duke and Duchess of Wellington,' it said.