Vivek Ramaswamy is a renowned American personality, entrepreneur, and politician who has gained a lot of popularity in the past few years. You might have noticed this name even in the media reports. Well, for many people who are away from the internet, Vivek Ramaswamy is a new face that they want to explore.
Vivek Ramaswamy, an American entrepreneur and politician, is campaigning for the Republican presidential nomination in 2024. He has also made a reputable name for himself in finance and biotech, ranking among the richest 30 people in America. His journey from a self-made entrepreneur to a political figure is inspiring. This article will discuss the question of what is Vivek Ramaswamy net worth. This includes the fortune he has amassed in his career to his personal and professional life. The major aim is to provide you with an in-depth insight of his American politics and business.
Profile Bio
| Full Name | Vivek Ramaswamy |
| Networth | $1 billion |
| Age | 39 years old |
| Profession | Entrepreneur & politician |
| Birthplace | Cincinnati, Ohio USA |
| Date of birth | 9 August 1985 |
| Height | 5 ft 10 inches |
| Nationality | American |
| Parents | Geeta Ramaswamy and Vivek Ganapathy |
| Organizations | Roivant Sciences, Strive Asset Management and Buzzfeed |
Vivek Ramaswamy Net worth
The Vivek Ramaswamy net worth has fluctuated. However, according to reliable sources, it is said to be worth one billion dollars in 2023. Recently, the media announced Vivek Ramaswamy as the second wealthiest person competing in the Republican presidential primary. He is just after Donald Trump and is estimated to have a net worth of 2.5 billion.
Vivek Ramaswamy Net worth distribution
Vivek Ramaswamy has a good net worth. According to SSC, Vivek Ramaswamy owns 81.45 million shares in Roivant Science ROIV. These huge shares give Vivek Ramaswamy a 9.75% stake in the company. Based on the Roivant share price of $11.13, Vivek Ramaswamy’s stake in the company is worth $906.53 million dollars.
In 2024, Vivek Ramaswamy also received a 7.7% stake in the media firm Buzz Feed or BZ FD. On July 22, 2024, BuzzFeed’s share price was $2.75.
Vivek Ramaswamy fluctuations in wealth and net worth
Vivek Ramaswamy’s wealth fluctuation is significant because it completely depends on the companies that Vivek Ramaswamy owns. The company’s performance has a huge impact on wealth fluctuation. Well, stocks are one of the major wealth of Vivek Ramaswamy’s net worth.
Hence, if we could say Roivant stocks are one of the most important things in Vivek Ramaswamy net worth then it won’t be wrong. Moreover, on 2024 July 23, the share price of Roivant took a loss of 1.94%, which was a huge shock to Vivek Ramaswamy’s net worth as well. However, the company got stable, awnd Vivek Ramaswamy also came over from the loss. Some sources show that Buzzfeed’s stock share price also greatly impacts Vivek Ramaswamy’s net worth. The share price of BuzzFeed has gained almost 155% year to date.
Vivek Ramaswamy overall net worth highlight
Vivek Ramaswamy is said to be one of the British American businessmen. His net worth is around $960 million. Well at the time when he declared his candidacy, his net worth was almost 840 million dollars. However, his net worth increased to 960 million dollars after his campaign was started. Vivek Ramaswamy invested $17 million during his campaign’s first nine months in 2023. This even includes $1.8 million dollars in cash and 15.25 million dollars in loans. According to Vivek Ramaswamy’s team, he owns a networth worth of 1 billion dollars.
Vivek Ramaswamy net worth from Roivant sciences
Vivek Ramaswamy’s net worth from Roivant is estimated at 960 million dollars. Vivek Ramaswamy has sold his shares worth 33 million dollars in Roivant Sciences to fund his campaign.
Well, Ramaswamy founded this company in 2014 and held the CEO position till 2021. During this time, the company became one of the largest and fastest-growing pharmaceutical companies, with a stock price of 25% percent, $10.86 per share.
This share price increased after Vivek Ramaswamy announced the intention of participating in the presidential election on February 2 21, 2023. Vivek Ramaswamy owns 6.4% of the company worth almost 565 million dollars. However, on September 27, the stock of Roivant reached an all-time high of $13.19.
According to CNN sources, the majority of stock analysts believe that the company has a huge success ratio and the share price might increase to $15.5 per share in recent years. Last December, the Roivant subsidiary was bought by the pharma giant Roche.
Vivek Ramaswamy’s net worth from Strive Asset Management
Strive Asset Management was the platform that was founded by Vivek Ramaswamy in 2022. This platform was established after he published his book named Wok Inc., and resigned as the CEO of Roivant.
However, Vivek Ramaswamy, later on during the campaign of his presidential run, left the role of executive chairman of strive management. Yet despite leaving his role, Vivek Ramaswamy is still one of the largest shareholders of Strive Asset Management and has a 150 million worth contribution in Strive Assets Management. The estimated value scheme after the company’s last financing investment that Bill Ackman and Peter Thiel made in November 2022 was of almost 300 million dollars.
During Vivek Ramaswamy’s presidential campaign, the management shares doubled. The shares will rise from 500 million to 1.1 billion dollars from 2023 to 2024. Most of this increase was said to be the result of Vivek Ramaswamy’s campaign.
During a public text-filling, Vivek Ramaswamy revealed that he has over 240 million dollars in cash as his asset and made over 39 million as a pretax in 2015 after selling his relevant shares.
Vivek Ramaswamy net worth from BuzzFeed
The net worth of popular biotech entrepreneur Vivek Ramaswamy and former Republican presidential candidate from Buzzfeed is a minor thing. He owns a significant share in buzz feed. Buzzfeed is however a digital publishing company. Vivek Ramaswamy purchased 7.7% shares in the company.
Vivek believes that the company stock is undervalued due to some reason that needs to be changed in order to increase the value of the company’s share price. However it has been seen that the company has been struggling since 2021.
In late 2022 that company was also seen struggling and started releasing many of his employees due to some reason. While one of the major reasons that led to buzzfeed loss was their poor digital advertising.
The buzzfeed is also reported to lose their first quarter of 35.7 million dollars which is 72 cents per share. It is a huge loss for the company and for the investors. While, it has also been seen that the advertising revenue of buzzfeed has also fallen from 22% to 19%.
These are all the details that we can curate about the Vivek Ramaswamy net worth distribution.
Well, now you have an idea about what is Vivek Ramaswamy net worth. It is important to get an idea about who Vivek Ramaswamy is and to explore his biography. So, the section below will discuss Vivek Ramaswamy’s personal and professional details apart from his net worth.
Who is Vivek Ramaswamy?
Vivek Ramaswamy full name is Vivek ganapathy Ramaswamy. He is an American entrepreneur who founded Roivant Science, a popular pharmaceutical company, in 2014. With his dedication and outstanding policies. Vivek Ramaswamy has made himself one of America’s most popular and self-made personalities. In February 2023, Ramaswamy was declared a candidate for the Republican party nomination and for the United States of America presidential election.
Also, Read: Who is Kits Mom Bachelor | All you want to know about Cynthia Rowley
Vivek Ramaswamy biography
Vivek Ramaswamy was born back on August 9, 1985. He was born in Cincinnati, Ohio, United States of America. From the beginning, Vivek Ramaswamy had some innovative ideas that made him different from the others in the school event. Later, with his dedication, hard work, and creative thoughts, he became a popular American biotech entrepreneur. Vivek Ramaswamy’s parents are Geetha Ramaswamy and Vivek Ganapathy. While he is married to Apoorva T Ramaswamy.
Vivek Ramaswamy education
Vivek Ramaswamy is a resident of Ohio in the United States of America. His parents were Indian immigrants. He completed his education in the USA. Vivek went to St. Xavier high school and completed his high school education in 2003.
Moreover, He got his graduate degree from Harvard University. From the beginning of his school years, he had a great interest in science. Hence, he completed his bachelor’s degree in biology from Harvard University in 2007.
Later on, Vivek decided to go for a second law degree from Yale School in 2013. It wouldn’t be wrong if he could call Vivek Ramaswamy one of America’s literate, educated personalities. He is really capable, and his capabilities are shown not only by his education but also by his skills and talent.
Vivek Ramaswamy early venture
Vivek Ramaswamy graduated from St Xavier High School as valedictorian. He then joined Harvard University and became a member of the Harvard Politics Union. After completing his degree from Harvard. He turned to hedge fund Amaranth Advisors and commercial bank Goldman Sachs.
These internships gave Vivek Ramaswamy a great path in his career. Later, he also co-founded a fundraising website for student founders. The website’s name was studentbusiness.com, which was an innovative idea and gave him a great boost.
Moreover, Ramaswamy also decided to work at an investment firm known as qvt. This qvt firm was mainly focused and worked on the pharmaceutical industry. It wouldn’t be wrong if we said that he started his career at QVT Pharmaceutical. While working at QVT, Vivek Ramaswamy continued his postgraduate studies at Yale Law School.
Roivant science and its impact on Vivek Ramaswamy career
In 2014, Vivek Ramaswamy left QVT and, with the help of investors, founded his own biopharmaceutical company, Roivant Sciences. This company had a great impact on Vivek Ramaswamy’s life. In 2015, the company spun off its subsidiary, Axovant. The public valuation of the subsidiary was 2.2 billion dollars. While the major goal of the subsidy was to develop a drug for Alzheimer’s, which was abandoned by Glaxo Smith’s client, a British pharmaceutical company.
Later, according to the sources, Vivek Ramaswamy reported generating an income of over 38 million dollars from Axovant. However, the subsidiary failed to commercialize in two clinical trials, leading to a loss.
Well, we heard that with failure, there is success, and that was the case in the Vivek Ramaswamy case as well. In 2020, Vivek Ramaswamy got a major boost and a breakthrough in his career at the company. A Japanese giant named Sumitomo Dainippon decided to purchase five drugs from Roivant at a 10% stake. This was a three billion deal, which was a great deal for the company. Ramaswamy publicly announced to generate an income of $176 million from this deal in 2020.
In the same year, 2020, Vivek Ramaswamy founded a medical advisor platform in collaboration with Cobby Blooman Field Gantz and Corey Metzmen. In January 2021, Vivek Ramaswamy announced his resignation as the company’s chief executive officer. Later, it became public that Roivant Sciences was merging with special purpose acquisition company SPAC. This was a huge deal for the biopharma company, which valued at $7.3 billion dollars.
Vivek Ramaswamy, as an author
Vivek Ramaswamy also published a book, Wok Inc. Inside Corporate American Social Justice Camp, in 2021. This book went viral and was based on a major and critical theme. The book criticizes investment based on Social Justice in environmental, social, and governance movements.
However, based on this book, later, in early 2022, Vivek Ramaswamy co-founded an investment firm named Strive Asset Management. This brand’s major theme was to raise funds in an anti-vacate format. The platform got the funding from some of the prominent investors who believe in the idea of Vivek Ramaswamy against the ESG.
Vivek Ramaswamy career in politics
Vivek Ramaswamy was a man of great skill, talent, and communication. He knew what and how to do anything. He is known as a man with a critical eye on everything. Hence, in February 2023, he declared to run for the 2024 Republican presidential nomination.
According to the New York Times, Vivek Ramaswamy even asked the Christian voters to go and vote for him. As the Christian motors are an important part of the Republicans. However, Vivek Ramaswamy faced little biasness from the Christian voters due to the difference in the religious beliefs. Many of the Christian voters were reluctant to vote for the non-Christian presidential candidates.
However, despite all the ups and downs, Vivek Ramaswamy stood steadfast and ended his campaign in January 2024. Ramaswamy could have performed better in the campaign. His rivals got many more votes than him. The rivals of Vivek Ramaswamy Donald Trump got 51% of the votes; the other was Ron Desantis, who got 21.3% votes.
The third was Nikki Haley, who got 19% votes; and Vivek Ramaswamy got 7.6% votes only. After getting a huge setback, Vivek Ramaswamy decided to support Vivek Ramaswamy after dropping himself out of the race.
Now you know about Vivek Ramaswamy’s political and early biopharma careers. Below, we will discuss something about Vivek Ramaswamy’s non-profit social working activities.
Vivek Ramaswamy philanthropic activities
We know that Vivek Ramaswamy is a board member of Washington philanthropic Round Table Management. The Washington philanthropic management major is to provide a charity with positivity. The organization is known as America’s leading network of charitable donors working together to make a free society full of strength.
Conclusion
Overall, we have discussed Vivek Ramaswamy. Also, we have unfolded the question that what is Vivek Ramaswamy net worth. Well, Ramaswamy is a popular personality in America and a well-known and established businessman and politician who became popular due to his biotech community.
He is also popular in the crypto community for his strong and friendly view of the industry. At the same time, many political observers considered Vivek Ramaswamy as one of the popular candidates. He is considered as a candidate that needs to be taken by Donald Trump as his running mate for the November 2024 US presidential election.
Faqs
What is the name of Vivek Ramaswamy’s wife?
Apurva Tiwari Ramaswamy is Vivek Ramaswamy’s wife. She is an otolaryngology head and neck surgeon. She is also known as a cancer researcher. The couple met each other during their studies at Yale Law School.
What is Vivek Ramaswamy’s age?
Vivek Ramaswamy was born on August 9, 1985, and, according to 2024, is 39 years old.
Who is the CEO of Roivant sciences?
Matt Line is Roivant Science’s current CEO. He joined the company in March 2016 and previously worked as a vice president at Goldman Sachs.
