How much is Vivek Ramaswamy Worth

How much is Vivek Ramaswamy Worth?

Vivek Ramaswamy, the Republican presidential candidate for the 2024 United States election, boasts an astounding net worth of USD 950 million (INR 7,898 crore approximately). This remarkable fortune places him

as the second-wealthiest Republican presidential candidate, following the footsteps of former President Donald Trump 9$2.5 billion net worth). According to Forbes, Vivek Ramaswamy net worth is over $1 billion. He is one of the 20 youngest billionaires in the country.

How Vivek Ramaswamy Make His Money

There are questions like how Vivek Ramaswamy make his money, how Vivek Ramaswamy became billionaire, and how Vivek Ramaswamy made his fortune, well the answer to all of those questions is the same: Vivek Ramaswamy’s substantial wealth has multiple sources, with his primary avenue being the biotechnology company Roivant Sciences. Here are the sources of his whopping net worth.

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Roivant Sciences: Ramaswamy Make His Money with his involvement in Roivant Sciences, a drug development company. In 2021, Roivant Sciences went public, and its stock has witnessed remarkable growth, surging nearly 40% in the same year. Ramaswamy owns a 10% stake in the company, which translates to an estimated value of approximately $600 million. Over the past nine years, since founding Roivant, Ramaswamy has derived more than $260 million from the company in the form of salary, bonuses, and capital gains.

Investment Portfolio: Ramaswamy diversified his wealth by allocating his proceeds from Roivant Sciences into a standard investment portfolio. This portfolio comprises approximately 60% stocks and 40% bonds. However, he also ventured into cryptocurrencies, holding Bitcoin and Ethereum. Additionally, he invested in alternative assets, including shares in Rumble, a YouTube competitor, and a stake in MoonPay, a crypto payments firm.

Also Read: Is Vivek Ramaswamy Married? Who is Vivek Ramaswamy Wife?

Political Ventures: In 2021, Vivek Ramaswamy entered politics. He authored a book titled “Woke, Inc.,” which critically examined corporate America’s growing emphasis on social justice issues and the increasing influence of the ESG (environmental, social, and governance) movement on Wall Street. Subsequently, he founded Strive Asset Management, an “anti-woke” index fund provider, akin to BlackRock but with a different ideological focus. Investors have recently valued Strive at approximately $300 million, implying that Ramaswamy’s stake is worth well over $100 million.

Billionaire Vivek Ramaswamy

Born on August 9, 1985, Vivek Ramaswamy’s roots trace back to the Palakkad district in Kerala, India, where his parents, V. Ganapathy and Geetha Ramaswamy, originate. Raised in Ohio, he attended public school until the eighth grade, after which he enrolled at St. Xavier High School, a Catholic institution. He graduated as valedictorian in 2003.

Vivek’s academic journey took him to Harvard University, where he pursued a Bachelor of Arts degree and emerged as a prominent figure within the Harvard Political Union, eventually serving as its president. In 2011, he received a prestigious fellowship from the Paul & Daisy Soros Fellowships for New Americans, which facilitated his enrollment at Yale Law School.

Vivek Ramaswamy’s remarkable ascent, from a hedge fund analyst to the founder of Roivant Sciences at the age of 29, exemplifies the quintessential American Dream. Roivant Sciences, under his leadership, seeks to address drug development for neglected diseases, making him a pivotal figure in the pharmaceutical landscape. As he steps onto the political stage, Vivek Ramaswamy’s net worth in 2023 is a testament to his entrepreneurial spirit and dedication to the betterment of society.

FAQ

How Vivek Ramaswamy made his Fortune?

Vivek Ramaswamy made his fortune primarily through the success of his biotechnology company, Roivant Sciences, which went public in 2021. His 10% stake in the company, coupled with salary, bonuses, and capital gains, has contributed significantly to his wealth. He also diversified his wealth through investments in stocks, bonds, cryptocurrencies (Bitcoin and Ethereum), alternative assets (such as Rumble and MoonPay), and ventured into politics.

Then he authored a book critical of corporate social justice initiatives and founded an “anti-woke” index fund provider called Strive Asset Management.

How Vivek Ramaswamy get rich?

Vivek Ramaswamy got rich through the success of his biotech company, Roivant Sciences, which went public in 2021, and smart investments in stocks, bonds, cryptocurrencies, and alternative assets. He also ventured into politics, authoring a book and founding Strive Asset Management.

Is Vivek Ramaswamy a Billionaire?

Yes, Vivek Ramaswamy is a billionaire. His net worth was over $1 billion as of 2023.