What is Vivek Ramaswamy’s net worth? How did he make his money?

Former presidential candidate Vivek Ramaswamy is delivering a primetime speech scheduled for Tuesday night at the Republican National Convention in Milwaukee, Wisconsin, where he will appeal for unity.

Ramaswamy was one of the richest candidates who campaigned for the Republican presidential nomination this election season. According to Forbes, Ramaswamy was a billionaire in 2023 before adverse market conditions cause his net worth to drop.

In 2007, at the age of 22, he started his career in finance as an associate partner at QVT Financial, a hedge fund. Seven years later he founded Roivant Sciences, a biopharmaceutical company that aimed to accelerate the development of innovative drugs. It is based in tax-haven Bermuda and was funded by $100 million in start up capital from investors.

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Using his money from this company he set up his asset management company Strive in 2022 before resigning last year.

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Who is Vivek Ramaswamy?

In February 2023, the 38-year-old announced that he was running for the Republican nomination for president. He was the youngest candidate in the field and one of the least experienced in politics.

An attraction for Republican voters during his campaign was his ‘stand’ against what he perceives as ‘woke’. In 2021, Ramaswamy penned a book titled “Woke, Inc.: Inside Corporate America’s Social Justice Scam,” in which he critiqued what he perceived as the increasing influence of progressive ideologies in corporate America.

He is a supporter of Donald Trump and promised to pardon him if elected president.

Ramaswamy had said he would abolish the Department of Education as well as the FBI and IRS, while he would have sought to normalize relations with Russia despite the war in Ukraine.

He withdrew his campaign for president in January after disappointing results in the Iowa caucuses.