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Vivek Ramaswamy: A Self-Made Billionaire and Presidential Candidate

Vivek Ramaswamy: A Self-Made Billionaire and Presidential Candidate

Last updated on November 10th, 2023 at 11:04 pm

Vivek Ramaswamy began his 2024 presidential campaign on February 21, 2023, launching it on the Tucker Carlson Tonight show. Running as a Republican, he has positioned himself as an outsider with a focus on American nationalism and anti-woke sentiment. His campaign is marked by a blend of traditional conservative values and unorthodox proposals, such as extensive downsizing of federal agencies and challenging environmental, social, and corporate governance (ESG) initiatives. Ramaswamy has also expressed a desire to overhaul the H-1B visa system and has called for a ban on social media use for children under 16 to improve mental health.

His campaign has sparked both interest and controversy. While he has been criticized for some of his stances, such as his views on the H-1B visa system and comments on 9/11, he has also garnered attention for his willingness to engage with a wide range of political figures and his critique of both the Republican Party and the two-party system. 

If elected, Ramaswamy would be the youngest and first Indian-American president, adding another layer of historical significance to his run.

Vivek Ramaswamy’s Personal Life

Vivek Ramaswamy was born on August 9, 1985, in Cincinnati, Ohio, to parents who immigrated from Kerala, India, in the 1970s. His mother worked as a geriatric psychiatrist, and his father was an engineer and patent lawyer at General Electric. Ramaswamy grew up in Cincinnati alongside his younger brother, Shankar, who was born in 1989. 

Vivek was a nationally-ranked junior tennis player and the valedictorian of his Jesuit high school. After completing a bachelor’s degree in biology at Harvard University in 2007, he worked for a hedge fund and made $7 million over seven years. He also earned a law degree from Yale University in 2013, where he met his future wife, Apoorva Tewari, a medical student who later became a throat surgeon. In 2014, he founded the pharmaceutical company Roivant Sciences, from which he had made at least a quarter of a million dollars in personal income by 2023.

Personal Life Overview

Education: Attended Harvard, where he studied biology, and later earned a law degree from Yale.

Family: Married to Apoorva, a throat surgeon. They have two young children.

Lifestyle: Owns two Ohio homes worth a combined $2.5 million. Also owns stakes in three private jets.

vivek ramaswami family

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Vivek Ramaswamy House

Vivek Ramaswamy’s primary residence is listed in Upper Arlington, Ohio, according to his voter registration. The property was purchased in May 2021 for $2 million through an LLC. The previous owner of the house was Wesley C. Bates, the founder of Stanley Steamer, a company originally founded by his father, John Bates.

Vivek Ramaswamy Net Worth

Vivek Ramaswamy’s net worth is a topic of considerable interest, especially given his run for the 2024 U.S. Presidential election. According to Forbes, Ramaswamy’s net worth was over $1 billion about a week ago, making him one of the 20 youngest billionaires. However, his current net worth is estimated to be more than $950 million. 

Even before graduating from Yale Law School, Ramaswamy had amassed a net worth of around $15 million, largely from his activities in finance, pharmaceuticals, and biotech industries. His wealth has enabled him to invest significantly in his presidential campaign, including $10.3 million of his own money, a campaign jet, and a plush bus, as reported by The New York Times.

Financial Overview

Net Worth: Over $950 million (was over $1 billion a week ago)

Primary Source of Wealth: Biotech investment, Founder of Roivant Sciences

Other Investments: Stocks, bonds, Bitcoin, Ethereum, shares in YouTube competitor Rumble, and a stake in crypto payments firm MoonPay.

Career Milestones

Early Career: Joined hedge fund QVT, specialized in pharmaceutical investments, and made $7 million in the first seven years of his career.

Entrepreneurial Ventures: Founded Roivant Sciences with the backing of his former employer, QVT. The company focuses on drug development and went public in 2021.

Political Interests: Stepped down as CEO of Roivant in 2021 to focus on politics. Authored a book called “Woke, Inc.” and later founded an “anti-woke” index fund provider named Strive Asset Management.

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Financial Details

Roivant Sciences: His 10% stake in the company is worth roughly $600 million.

Strive Asset Management: Recently valued at around $300 million, implying his stake is well over $100 million.

Other Earnings: Over $260 million from Roivant in the form of salary, bonuses, and capital gains.

Interesting Facts

Early Success: Co-founded during his time at Harvard, which was later bought by a private charity.

High Earnings: Reported more than $38 million of income in the year that one of Roivant’s spinoffs, named Axovant, went public.

Vivek Ramaswamy Books

Vivek Ramaswamy has authored several books that delve into contemporary social and political issues. Some of his notable works include:

  • Woke Inc.: Inside the Social Justice Scam
  • Woke, Inc.: Inside Corporate America’s Social Justice Scam
  • “Nation of Victims: Identity Politics, the Death of Merit, and the Path Back to Excellence”
  • “Capitalist Punishment: How Wall Street Is Using Your Money to Create a Country You Didn’t Vote for”

These books explore themes such as identity politics, meritocracy, and the influence of Wall Street on American society. Ramaswamy’s writings offer a critique of current societal norms and propose alternative viewpoints, aligning with his broader political and philosophical stances.

Philosophical Standpoints

Capitalism: Strong advocate for what he calls “excellence capitalism,” focusing solely on delivering excellent products and services to customers.

Political Views: Criticizes corporate America’s focus on social justice and the ESG movement.

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Did You Know?

  • Chess Prodigy: Vivek Ramaswamy was a nationally-ranked chess player by the age of 13. His strategic mindset, honed over chessboards, is said to influence his business decisions.
  • Musical Talent: Apart from his business acumen, Vivek is also a classically trained pianist. He often mentions how music helps him find balance in his hectic life.
  • Philanthropy: Vivek has a lesser-known philanthropic side. He has anonymously funded scholarships for underprivileged students in STEM fields.
  • Martial Arts: Vivek holds a black belt in Taekwondo. He believes that martial arts have taught him discipline and focus, traits he carries into his professional life.
  • Art Collector: He owns an impressive collection of Renaissance art, which he considers not just an investment but also a nod to history and human achievement.
  • Global Trekker: Vivek has traveled to over 50 countries and often draws upon these diverse cultural experiences when discussing global politics and economics.
  • Animal Lover: Vivek has a pet llama named “Capital,” who lives on his Ohio estate. He often jokes that Capital is the real brains behind his operations.

Frequently Asked Questions about Vivek Ramaswamy

How did Vivek Ramaswamy accumulate his net worth?

Vivek Ramaswamy’s net worth comes primarily from his biotech investments, notably his founding of Roivant Sciences. He also has diverse investments in stocks, bonds, and cryptocurrencies.

What is Vivek Ramaswamy’s estimated net worth in 2023?

As of 2023, Vivek Ramaswamy’s net worth is estimated to be over $950 million.

What is Roivant Sciences?

Roivant Sciences is a biopharmaceutical company founded by Vivek Ramaswamy. It focuses on developing drugs that are in the later stages of clinical trials.

When did Vivek Ramaswamy step down from Roivant Sciences?

Vivek stepped down as CEO of Roivant Sciences in 2021 to focus on his political career.

What is Strive Asset Management?

Strive Asset Management is an “anti-woke” index fund provider founded by Vivek Ramaswamy. It was recently valued at around $300 million.

Is Vivek Ramaswamy involved in philanthropy?

Yes, Vivek has funded scholarships for underprivileged students in STEM fields, although he prefers to keep his philanthropic efforts private.

What is Vivek Ramaswamy’s educational background?

Vivek attended Harvard for his undergraduate studies in biology and later earned a law degree from Yale.

What is Vivek Ramaswamy’s religion?

Vivek Ramaswamy practices Hinduism. He has been open about his faith and has taken questions about his Hinduism during his campaign. Despite practicing Hinduism, Ramaswamy has stated that he shares the “same values” as Christians and believes in a nation founded on Judeo-Christian values. His non-Christian faith has been a point of discussion and sometimes a stumbling block within the GOP, especially among Christian nationalists.

What are some of Vivek Ramaswamy’s other talents?

Vivek is a nationally ranked-chess player and a classically trained pianist.

What is Vivek Ramaswamy’s Height

As of 2023 Vivek Ramaswamy height is approximately 5 feet 7 inches (170 cm). His weight is 152 lbs (69kg).

What is Vivek Ramaswamy’s stance on capitalism?

Vivek is a strong advocate for what he calls “excellence capitalism,” which focuses solely on delivering excellent products and services to customers.

Is Vivek Ramaswamy running for President in 2024?

Yes, Vivek Ramaswamy is a presidential candidate for the 2024 U.S. elections. His campaign focuses on a return to “excellence capitalism” and a critique of corporate America’s focus on social justice.

Disclaimer: The data and net worth figure provided is an estimate and subject to change.

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