Vivek Ramaswamy is a 38-year-old biotech entrepreneur, author, and Republican presidential candidate. He has a net worth of over $850 million, making him one of the richest Americans under the age of 40. But how did he make his fortune, and what are his views on politics, business, and culture? In this article, we will explore his background, career, achievements, and controversies.
Vivek Ramaswamy Salary, Net Worth
Vivek Ramaswamy’s net worth today is $950 million. He is one of the richest Americans under the age of 40. Ramaswamy’s earnings come primarily from his biotechnology firm “Roivant Sciences”. He owns 10% of the stake of his firm. He also worked for the hedge fund QVT, where he specialised in pharmaceutical investments.
From Harvard to Hedge Fund
Ramaswamy was born in Cincinnati, Ohio, to Indian immigrants who worked as doctors. He attended a prestigious private school, where he excelled academically and was involved in various extracurricular activities. He graduated as the valedictorian of his class and was accepted to Harvard University, where he studied biology and economics.
At Harvard, Ramaswamy developed an interest in biotechnology and pharmaceuticals, and decided to pursue a career in the field. He also became interested in politics and joined the Harvard Republican Club. He graduated summa cum laude in 2007 and joined QVT Financial, a hedge fund that specialized in health care investments. He quickly rose to become an associate partner and managed a portfolio worth over $1 billion.
From Hedge Fund to Roivant
In 2013, Ramaswamy had an idea that would change his life and the biotech industry. He noticed that many large pharmaceutical companies had abandoned or shelved promising drugs due to various reasons, such as regulatory hurdles, market competition, or strategic shifts. He thought that he could acquire the rights to these drugs and develop them faster and cheaper through a new business model.
He founded Roivant Sciences, a biopharmaceutical company that aimed to accelerate the development of innovative drugs by creating subsidiaries focused on specific therapeutic areas. He raised $100 million from investors, including his former employer QVT, and moved the company to Bermuda, a tax haven. He also enrolled in Yale Law School, where he earned his J.D. degree in 2018.
Roivant soon became a success story, launching several spin-off companies, such as Axovant (neurology), Myovant (women’s health), and Urovant (urology). It also partnered with major pharmaceutical companies, such as GlaxoSmithKline, Merck, and Takeda, to license or co-develop drugs. In 2021, Roivant was valued at $7 billion, making Ramaswamy a billionaire. He owned 10% of the company, which he later reduced to 8%.
From Roivant to Strive
In 2022, Ramaswamy decided to step down as the CEO of Roivant and focus on his new venture, Strive, an asset management company that invested in biotech and health care companies. He also became more vocal about his political and cultural views, which he described as “anti-woke” and “pro-American”.
He wrote a book titled “Woke, Inc.: Inside Corporate America’s Social Justice Scam”, in which he criticized the increasing influence of progressive ideologies in corporate America. He argued that corporations were using social justice as a cover to pursue their own interests and avoid accountability. He also accused the media, academia, and government of being complicit in this “scam”.
He became a frequent guest on conservative media outlets, such as Fox News, Newsmax, and The Daily Wire, where he expressed his support for former President Donald Trump and his policies. He also denounced the Biden administration and the Democratic Party for being “corrupt”, “weak”, and “anti-American”.
From Strive to Presidency
In February 2023, Ramaswamy announced that he was running for the Republican nomination for president of the United States. He said that he was launching not only a political campaign but a cultural movement to create a new American dream, one that was not only about money but about the unapologetic pursuit of excellence.
He positioned himself as an outsider, a businessman, and a patriot, who could bring innovation, leadership, and unity to the country. He also promised to pardon Trump and other controversial figures, such as Julian Assange, Douglass Mackey, and Ross Ulbricht, if elected president. He said that his top goal was to reunite the country and restore its greatness.
He also outlined his policy proposals, which included abolishing the Department of Education, the FBI, and the IRS, normalizing relations with Russia, withdrawing from NATO and the UN, banning abortion and gay marriage, repealing Obamacare and the minimum wage, and building a wall along the southern border.
He faced fierce competition from other Republican candidates, such as Ted Cruz, Nikki Haley, Ron DeSantis, and Mike Pence. He also faced criticism from the media, the public, and his own party for his lack of political experience, his extreme views, and his questionable business practices.
Vivek Ramaswamy is a biotech billionaire who wants to be president. He has a remarkable story of success, ambition, and controversy. He has made a fortune from developing innovative drugs, but he has also faced accusations of tax evasion, fraud, and exploitation. He has written a book about the dangers of woke culture, but he has also been accused of hypocrisy, bigotry, and ignorance. He has launched a presidential campaign to challenge the status quo, but he has also been dismissed as a fringe candidate, a demagogue, and a clown.
Whether he is a visionary, a villain, or a victim, Ramaswamy is a fascinating and divisive figure who has stirred up the political and cultural landscape of America. He is unlikely to win the presidency, but he is likely to leave a lasting impact on the nation.
10 Most Asked Questions and Answers
- Q: How old is Vivek Ramaswamy?
- A: He is 38 years old. He was born on August 9, 1985.
- Q: What is Vivek Ramaswamy’s net worth?
- A: He has a net worth of over $850 million, according to Forbes. He made his fortune from his biotech company Roivant Sciences, which he founded in 2013.
- Q: What is Vivek Ramaswamy’s education?
- A: He has a bachelor’s degree in biology and economics from Harvard University, where he graduated summa cum laude in 2007. He also has a J.D. degree from Yale Law School, where he graduated in 2018.
- Q: What is Vivek Ramaswamy’s book?
- A: He wrote a book titled “Woke, Inc.: Inside Corporate America’s Social Justice Scam”, which was published in 2021. The book is a critique of the increasing influence of progressive ideologies in corporate America.
- Q: What is Vivek Ramaswamy’s political party?
- A: He is a Republican. He announced his candidacy for the Republican nomination for president of the United States in February 2023.
- Q: What are Vivek Ramaswamy’s political views?
- A: He is a conservative who supports former President Donald Trump and his policies. He is also an “anti-woke” activist who opposes progressive ideologies and movements. He advocates for a pro-American, pro-business, and pro-excellence agenda.
- Q: What are Vivek Ramaswamy’s policy proposals?
- A: He has proposed to abolish the Department of Education, the FBI, and the IRS, normalize relations with Russia, withdraw from NATO and the UN, ban abortion and gay marriage, repeal Obamacare and the minimum wage, and build a wall along the southern border.
- Q: What are Vivek Ramaswamy’s controversies?
- A: He has faced accusations of tax evasion, fraud, and exploitation for moving his biotech company to Bermuda, a tax haven. He has also faced criticism for his lack of political experience, his extreme views, and his questionable business practices.
- Q: Who is Vivek Ramaswamy’s wife?
- A: He is married to Apoorva Tewari, a lawyer and entrepreneur. They have two sons.
- Q: Where does Vivek Ramaswamy live?
- A: He lives in Cincinnati, Ohio, where he was born and raised. He also has a home in New York City, where he works.