Vivek Ramaswamy: How A Startup Prodigy Built His Billion-Dollar Empire
Vivek Ramaswamy's Net Worth: The famous biotech entrepreneur Vivek Ramaswamy has dropped out of the 2024 US presidential race and is endorsing former President Donald Trump. This decision has left many of his supporters wondering about the reasons for his departure from the race.?Despite his initial promise as a candidate, Ramaswamy failed to make a significant impact, finishing at the bottom of the ranks in the Iowa caucus. He secured the last position, behind the twice-impeached former president as well as competitors Ron DeSantis and Nikki Haley.
Who is Vivek Ramaswamy?
Vivek Ramaswamy is well-known in both politics and business. He was born in Cincinnati, Ohio, to Indian immigrant parents. His father, V. Ganapathy Ramaswamy, studied at the National Institute of Technology, Calicut, and worked as an engineer and patent attorney for General Electric. His mother, Geetha Ramaswamy, studied at the Mysore Medical College & Research Institute and worked as a geriatric psychiatrist.
Ramaswamy went to public schools until eighth grade, then attended St. Xavier High School in Cincinnati, a Jesuit Catholic school, where he graduated as valedictorian in 2003.
In 2007, Ramaswamy graduated summa cum laude from Harvard University with a degree in Biology. He was a member of Phi Beta Kappa and the Harvard Political Union, where he served as president.
Known for his bold and confident libertarian views, Ramaswamy performed Eminem covers and libertarian-themed rap music under the name "Da Vek" while at college. He also interned at the hedge fund Amaranth Advisors and the investment bank Goldman Sachs. His senior thesis on the ethical issues of creating human-animal chimeras won him a Bowdoin Prize.
In 2011, Ramaswamy received a fellowship from the Paul & Daisy Soros Fellowships for New Americans, which he used to attend Yale Law School. By then, he was already wealthy, with a net worth of about $15 million. He became friends with future U.S. Senator J.D. Vance at Yale and earned a Juris Doctor in 2013.
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Vivek Ramaswamy¡¯s Career
Vivek Ramaswamy's Business Trajectory: A Journey of Diversity and ImpactVivek Ramaswamy's career in the business world is marked by remarkable diversity and significant impact. From fostering entrepreneurial aspirations among students to transforming the biotech industry and redefining investment paradigms, Ramaswamy's journey exemplifies his prowess as a multifaceted entrepreneur.
In 2007, he co-founded Campus Venture Network to connect university students with entrepreneurial aspirations. This early venture showcased his commitment to fostering innovation.Transitioning to the financial sector, Ramaswamy thrived at QVT Financial from 2007 to 2014, co-managing the firm's biotech portfolio. His move to biotechnology came with the founding of Roivant Sciences in 2014. Through Roivant, he pioneered an innovative strategy of acquiring patents for underdeveloped drugs and successfully bringing them to market.
His entrepreneurial spirit continued with the launch of Strive Asset Management in 2022, where he set a unique "anti-woke" and "anti-ESG" tone in the investment landscape. Ramaswamy's journey remains a compelling narrative of adaptability and impact.
Vivek Ramaswamy's Net Worth
Ramaswamy¡¯s wealth comes from Roivant Sciences, a drug-development company that went public in 2021. In August 2023, Forbes estimated his net worth at over $950 million (Rs?7,900 crore in Indian rupees), mainly from biotech and financial businesses.
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Vivek Ramaswamy's wife??
In a video shared on X, Ramaswamy's wife, Apoorva, recounted their first meeting. She said, "I was in my first week of med school and Vivek was a law student. It was a party, probably the last party I went to. I saw Vivek there, and he seemed the most interesting person in the room, so I introduced myself. He was not that interested and actually walked away." The crowd laughed at this. She added, "Later that night, we ran into each other again. We realised how much we had in common and that we were neighbours. We've been together ever since."
Vivek added that his parents taught him that "who you marry matters," a value they now pass on to their own children. He stated, "Neither of us grew up in economic privilege, but we had the ultimate privilege of having two parents in the house, focusing on education and belief in God. We are trying to give our two sons the same upbringing in Ohio. I see no reason why every kid in this country shouldn't have a chance to enjoy that privilege too, and that's part of the example we want to set as a family in the White House."
Ramaswamy, 38, is from southwest Ohio. His mother was a geriatric psychiatrist and his father worked as an engineer at General Electric. His parents migrated to the US from Kerala.
Ramaswamy's campaign gained attention, and he has risen in GOP primary polls, though he still trails behind Trump and Florida Governor Ron DeSantis.
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