|August 9, 1985
|5 Feet 7 Inch
|Source of Wealth
|Finance, Biotech, and Investments
Vivek Ramaswamy is an American businessman and candidate for the 2024 presidential elections in the United States of America.
Today, we are going to take a look at the American businessman’s finances and reveal five facts about Vivek Ramaswamy net worth and how he earned his money.
5. Vivek Ramaswamy Net Worth – $950 Million
Born Vivek Ganapathy Ramaswamy to Indian immigrant parents, the presidential candidate is a graduate of Harvard University with a summa cum laude in biology.
The American national has a staggering net worth of $950 million, which he accumulated over the course of fourteen years working in diversified fields.
The smart Republican became one of the wealthiest thirty-somethings in America after making a fortune in biotech and finance. He is a total self-made man, unlike Donald Trump.
According to Forbes, the Republican’s fortune had crossed over $1 billion in early August 2023, but market decline caused him to fall just short of the $1 billion barrier.
Still, Vivek is sitting on a huge fortune, thanks to his impressive executive career in multiple companies. Stay tuned to learn about his investments and rise to massive wealth.
4. Founding Roivant Sciences Highly Influenced His Riches
The Cincinnati native is the founder of a biotechnology company called Roivant Sciences, with around five hundred employees and headquartered in New York.
The business also develops technology-focused ventures aimed at enhancing the process of creating and commercializing medicines, in addition to biopharmaceutical companies.
Vivek has a 10% stake in the company, whose stock went up nearly 40% in 2023, which means his stake in the company rounds up to nearly $600 million.
Similarly, serving as Roivant Sciences‘ founder and Chief Executive officer until 2021, Ramaswamy has tucked over $260 million into his bank account in the form of capital gains, bonuses, and salary.
All of these massive figures indicate that Vivek Ramaswamy net worth is highly supported by his involvement with the billion-dollar company.
3. QVT Financial LP – $7 Million in 7 Years
After graduating from Harvard University, the 2024 presidential candidate joined an investment management company, QVT Financial LP, as a partner in 2007.
Founded in 2003, QVT is based in New York with a valuation of over $1 billion. Vivek was associated with the company as a pharmaceutical investments specialist and worked there for seven years.
Over the course of seven years, which was also his first seven years at work after school, the American national made $7 million and became a partner at the age of just 28 years old.
The American politician met his wife, Apoorva Ramaswamy, while he was at QVT. Apoorva is a throat doctor. The couple got married in 2015 and are now raising two sons in a wealthy lifestyle.
2. Strive Asset Management – Another Catalyst in Vivek Ramaswamy’s Wealth
The future-focused businessman Vivek Ramaswamy founded another company, Strive Asset Management, with Anson Frericks in January 2022. Anson serves as the company’s President.
Strive has become a highly successful financial service company by leading companies to focus on excellence. In 2023, investors valued Strive at an estimation of $300 million or so, meaning Vivek’s share is over $100 million.
Vivek Ramaswamy net worth skyrocketed in a very short period of time, with his investments in pharmaceutical and management firms. The man is a modern-day Midas whose single touch turns everything to gold.
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1. Investments in Other Fields
Vivek Ramaswamy’s wealth was also influenced by his investments in other firms and platforms apart from pharmaceutical and financial companies.
To elaborate, the Ohio native has invested in Bitcoins and Ethereum. A single bitcoin is worth thousands of dollars. So, he must have a considerable amount of money sitting in the form of online currency.
Similarly, the presidential candidate also bought some shares in Rumble, a video hosting platform for independent content creators instead of YouTube.
Furthermore, the American businessman turned politician is also associated with MoonPay, which is a platform for a fast and simple way to sell and buy cryptocurrencies using cards, bank transfers, and Apple Pay.
Vivek must have accumulated a decent amount of money from his diversified investments, which is also one of the primary reasons for his booming wealth.
In conclusion, we wish this great visionary all the best in his presidential campaign and hope to hear him roar in his business and politics. The self-made millionaire is truly worthy of his current status.