Vivek Ramaswamy’s net worth is estimated to exceed $950 million. An American entrepreneur, author, and political activist born on August 9, 1985, in Cincinnati, Ohio, to Indian immigrant parents, Ramaswamy has made significant strides in various fields.
He graduated from Harvard University with a degree in biology and later earned a J.D. from Yale Law School. Ramaswamy founded Roivant Sciences in 2014, a biopharmaceutical company renowned for its innovative approach to drug development. He garnered further recognition with his book, “Woke, Inc.: Inside Corporate America’s Social Justice Scam,” which critiques the influence of woke culture in corporate America.
In 2023, Ramaswamy announced his candidacy for the 2024 U.S. presidential election as a Republican, emphasizing economic growth, free speech, and reducing government intervention in business.
Despite spending substantial sums on his campaign, including $17 million during the first nine months of 2023, Ramaswamy’s fortune has grown. As of 2024, his net worth is reported to be approximately $960 million, up from an estimated $840 million at the start of his campaign. According to his team, his net worth could now exceed $1 billion, though the exact figure remains unclear due to ongoing campaign expenses.
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Vivek Ramaswamy’s Net Worth Highlights
- Current Net Worth: Estimated to be more than $960 million.
- Increase During Campaign: Ramaswamy’s net worth rose from $840 million to $960 million after launching his presidential campaign.
- Campaign Investment: He invested $17 million in his campaign, including $1.8 million in cash and $15.25 million in loans.
- Estimated Current Worth: According to his team, Ramaswamy’s net worth may now be at least $1 billion.
| Net Worth | $960 million |
|---|---|
| Birthdate | August 9, 1985 (38 years old) |
| Birthplace | Cincinnati, Ohio |
| Gender | Male |
| Height | 5 ft 10 in (1.78 m) |
| Profession | Entrepreneur, Author, Political Activist |
| Nationality | United States of America |
Sources of Wealth
- Roivant Sciences:
- Net Worth Contribution: Ramaswamy’s stake in Roivant Sciences, where he served as CEO until 2021, is valued at approximately $565 million.
- Share Sale: To fund his campaign, he sold $33 million worth of Roivant shares.
- Company Performance: Roivant’s stock price increased significantly following Ramaswamy’s presidential run announcement. The company saw its stock price rise to an all-time high of $13.19 per share in September 2023.
- Strive Asset Management:
- Role: Founded by Ramaswamy in 2022 and currently managed by him as the largest shareholder with a $150 million stake.
- Company Growth: Strive’s assets under management have more than doubled, reaching over $1.1 billion by early 2024.
- BuzzFeed:
- Investment: Ramaswamy purchased a 7.7% stake in BuzzFeed, believing the stock is undervalued despite the company’s recent struggles.
Conclusion
As of 2024, Vivek Ramaswamy’s net worth is estimated to be over $960 million. His wealth has been accumulated through his ventures in biotechnology, investments, and strategic financial decisions. Despite suspending his presidential campaign, Ramaswamy remains a significant figure in the business world, demonstrating substantial financial growth and influence.
FAQs
- What is Vivek Ramaswamy’s net worth in 2024?
- As of 2024, Vivek Ramaswamy’s net worth is estimated to exceed $950 million.
- Who is Vivek Ramaswamy?
- Vivek Ramaswamy is an American entrepreneur, author, and political activist. He is the founder of Roivant Sciences and Strive Asset Management and is known for his critique of corporate America’s embrace of social justice issues.
- How did Vivek Ramaswamy achieve success?
- Ramaswamy achieved success through his educational background, including degrees from Harvard University and Yale Law School, and by founding and leading innovative companies in the biotechnology sector. His investments and strategic business decisions have also contributed to his success.
- How much money does Vivek Ramaswamy have?
- Ramaswamy’s net worth is currently estimated to be around $960 million. His wealth comes from his successful ventures in biotechnology, investments, and strategic financial moves.
- What does Vivek Ramaswamy do with his money?
- Ramaswamy uses his wealth to fund various initiatives, including investments in biotechnology and strategic financial ventures. He is also known for supporting causes and projects aligned with his values and business interests.
- What are Vivek Ramaswamy’s future plans?
- While he has suspended his presidential campaign, Ramaswamy continues to focus on his business ventures and investments. He aims to maintain his influence in the business world and contribute to advancements in biotechnology and other sectors.