The whip-smart Republican is one of the richest thirty-somethings in America. Unlike Donald Trump, he’s entirely self-made.
The whip-smart Republican made a pile of money in finance and biotech, enough to turn himself into one of the richest thirty-somethings in America. Unlike Donald Trump, he’s entirely self-made.tanding in a packed New Hampshire restaurant, Vivek Ramaswamy, the fresh-faced Republican shaking up the 2024 presidential race, is making a case for unifying a bitterly divided nation. The secret, he insists, is as American as apple pie: capitalism.
Ramawamy’s fortune stems from a drug-development company named Roivant Sciences, which went public in 2021. Its stock is up nearly 40% this year, boosting the value of Ramaswamy’s 10% stake to roughly $600 million. Since founding the company nine years ago, he has sucked over $260 million out of Roivant in the form of salary, bonuses and capital gains. He diversified those proceeds into a pretty standard investment portfolio, roughly 60% stocks and 40% bonds.
After graduating, Ramaswamy joined the hedge fund QVT, where he specialized in pharmaceutical investments. He earned $7 million in the first seven years of his career and made partner by 28. Around the same time, he met his now-wife, Apoorva, a throat surgeon. While continuing to work, he also managed to get a degree from America’s most prestigious law school, Yale.
Flush with cash, Ramaswamy stepped down from his company in January 2021, citing his “increasing public engagement” in a note to shareholders. He published his book seven months later and started the “anti-woke” asset management firm, Strive, around the same time. “We stand for this movement that we call ‘excellence capitalism,’ as a counterpart to stakeholder capitalism,” Ramaswamy explained on thepodcast.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH LIVE: Vivek Ramaswamy speaks at conservative gathering in AtlantaRepublican presidential hopeful Vivek Ramaswamy will speak at a conservative convention in Atlanta, Georgia, on Saturday morning, in an effort to set himself apart from his conservative counterparts.
Read more »
GOP candidate Vivek Ramaswamy blasted for Putin 'appeasement' plan'I will end the Ukraine war on terms that require Putin to exit his military alliance with China,' Ramaswamy said.
Read more »
Vivek Ramaswamy Says He Would Reject VP OfferSee multiple perspectives from The Hill, Politico, and Fox News (Online News) at AllSides.com.
Read more »
Biotech exec to Presidential candidate: why Vivek Ramaswamy is running to lead a ‘national revival’'I'm not running to lead a political party. I am running to lead a nation.': Republican Presidential candidate Vivek Ramaswamy on why he’s on the ballot. How this former biotech executive tells MSNBC’s Symone Sanders-Townsend he's preparing for his first candidate debate. He also discusses his controversial views on foreign policy and why he’s drawing a connection between the Maui wildfires and DEI initiatives.
Read more »
Vivek Ramaswamy fires back at DeSantis calling Trump supporters 'listless vessels'Vivek Ramaswamy slammed Gov. Ron DeSantis (R-FL) for calling those who blindly follow former President Donald Trump “listless vessels.”
Read more »
Ron DeSantis's “Listless Vessels” Comment Roils MAGA Supporters, Sparks Feud With Vivek RamaswamyDonald Trump's surrogates drew comparisons with Hillary Clinton’s infamous “basket of deplorables” quip.
Read more »