This Indian-origin entrepreneur, Vivek Ramaswamy, has stepped down from Elon Musk and Donald Trump’s brainchild—the Department of Government Efficiency (DOGE). He announced his departure via ‘X,’ just hours after Donald Trump was sworn in as the 47th President of the United States. Vivek, a former Republican presidential candidate, gained prominence for his potential to launch a campaign for the Ohio governorship. His resignation from DOGE has sparked widespread speculation about his future in both politics and public service.
Ramaswamy, who endorsed Donald Trump after withdrawing from the 2024 presidential race, is expected to announce his bid for governor by the end of January. This development coincides with significant changes in Ohio’s political landscape, including the recent appointment of Lieutenant Governor Jon Husted to the U.S. Senate, which has opened new opportunities for state leadership.
Who Is Vivek Ramaswamy?
Vivek was born in Cincinnati, Ohio, to Indian immigrant parents. He is said to be a Harvard and Yale graduate who achieved prominence in the biotech industry. Ramaswamy worked as an investment partner at a hedge fund before founding Roivant Sciences. He also co-founded an investment firm, Strive Asset Management. He gained national attention as the founder of Roivant Sciences. Roivant is a pharmaceutical company focused on developing life-saving treatments. Apart from his professional career, various medai reports suggest that, Ramaswamy has also authored several bestselling books, including Woke, Inc..These books are based on critiques corporate activism and emerged as a prominent conservative voice during his 2024 presidential campaign.
Vivek Ramaswamy’s net worth
Vivek Ramaswamy, widely recognized as a self-made entrepreneur, is reported to have a net worth of approximately $800 million, according to various media outlets. However, in January 2024, Forbes estimated his net worth to be over $960 million. Most of his wealth has been accumulated through his ventures in biotech and finance. His significant ownership stake in Roivant Sciences, the biotech company he founded, played a major role in his financial success. The company went public in 2021 with a valuation of $7.3 billion, further boosting Ramaswamy’s wealth.
In 2022, Ramaswamy co-founded Strive Asset Management, with his stake in the firm estimated to be worth over $100 million. Beyond his businesses, he’s also ventured into cryptocurrencies and owns private jets, as well as shares in companies like Rumble. On the personal side, Vivek and his wife, Apoorva, live in a beautiful $2 million home in Ohio, reflecting their shared success and hard work.
Vivek Ramaswamy’s career is a blend of biotech, financial management, and politics. He founded Roivant Sciences, led Strive Asset Management, and has made strategic investments in emerging technologies. Beyond his business ventures, Ramaswamy is also an author and an advocate for reducing government inefficiency. Now, as co-leader of the Department of Government Efficiency, he’s focused on improving federal systems by incorporating private-sector innovation into public governance, aiming to make government operations more streamlined and effective.
