Vivek Ramaswamy, a Republican, has withdrawn from the presidential contest. Following a dismal result in Iowa, Vivek Ramaswamy announced the end of his Republican presidential candidacy.
The 38-year-old Ramaswamy supported former President Donald Trump, his opponent. He has previously labeled Trump the “best president of the 21st century,” even as he tried to convince Republican supporters that they should select for “fresh legs” and “take our America First agenda to the next level.
But in the last days before the Iowa caucuses, Mr. Ramaswamy found himself in opposition as Trump aggressively attacked him, calling him a “fraud” on his social media platform, Truth Social, and saying that supporting the Indian-American candidate meant supporting the “other side.”
Who is Vivek Ramaswamy?
Vivek Ramaswamy a prominent Indian-American businessman was born on August 9, 1985. In partnership with Travis, he built a technology business that ultimately bought the Ewing Marion Kauffman Foundation.
He oversaw the biotech portfolio upon his hiring by QVT Financial. He founded Roivant Sciences in 2014, and he is also Strive Asset Management’s executive chairman. With the publication of three novels, Vivek is also an author.
Vivek’s parents are Tamil Brahmins from Kerala who were born to an Indian immigrant household. His mother, Geetha, is a geriatric psychiatrist, and his father, V.G. Ramaswamy, worked as a patent attorney for General Electric.
The spouse of Vivek Ramaswamy is Apoorva Tewari Ramaswamy, she is a medical center assistant professor and clinician. The couple has two sons.
Additionally, Vivek graduated from St. Xavier High School as the class valedictorian. He received a biology bachelor’s degree from Harvard College.
Vivek Ramaswamy Residence
At the moment, Vivek resides in New York City. In Columbus, Ohio, Vivek also has a residence. In addition to this, Vivek’s family also lives in a traditional house in Palakkad. The data indicates that Vivek owned a home in Butler County until 2021.
In addition to being a vegetarian, Vivek practices Hinduism. Vivek speaks Tamil proficiently because he is the son of two Tamil Brahmins. He also knows the language Malayalam.
Ramaswamy, 38, has subsequently received almost $260 million in salary, bonuses, and capital gains. The stock price of his business has soared by more than 82% this year. Roivant Sciences is not his only choice, though.
Forbes estimates that despite a stock market dip that decreased his wealth, he is still worth over $950 million. He has a 10% stake in Roivant Sciences, which adds to his riches. The prospective presidential contender has primarily invested in digital currencies and businesses that facilitate online payments, such as MoonPay.
He also founded the “anti-woke” index fund called Strive Asset Manager. The fund is valued at $300 million and has a $100 million interest in Ramaswamy. Ramaswamy has benefited from his conservatism; “Woke, Inc.” was one of his best-selling books in 2021.
For including social justice and climate change in their business strategy, he criticizes large corporations in the book. Additionally, he claims that “wokeism” has a detrimental effect on entrepreneurship, capitalism, religious conviction, and patriotism.
As a result of the book, Ramaswamy was able to gain the support of conservatives and establish himself as a right-wing icon capable of taking on flamboyant Republicans like Donald Trump and Ron DeSantis.
Vivek Ramaswamy Net Worth 2024
Many believe that 38-year-old Vivek Ramaswamy will face off against Florida Governor Ron DeSantis in the Republican presidential primary. He is far more than just a Republican seeking the White House in 2016. He is among the wealthiest Americans under the age of 40.
The biotechnology business was established in 2014 by Vivek Ramaswamy. It rapidly saw great success after purchasing the rights to medicine for Alzheimer’s and used it as the centerpiece for its subsidiary, Axovant.
According to the New York Post, the drug worked well in clinical trials, allowing Roivant to take Axovant public in a 2015 IPO that raised $360 million.
A recent billionaire is Ramaswamy, a Harvard and Yale graduate and the son of Indian immigrants. Despite a stock market dip that decreased his wealth, according to Forbes, he is still worth over $950 million. Moreover, His riches are a result of his 10% ownership of Roivant Sciences.
Vivek Ramaswamy FAQs
A- Vivek Ramaswamy has two sons.
A- The two industries that generate the majority of Vivek’s income are asset management and biotech.
A- Vivek Ramaswamy founded Roivant Sciences company.
A- Vivek Ramaswamy’s nationality is American.
A- Vivek Ramaszwamy is the co-founder of Strive Asset Management.