[Latest] Vivek Ramaswamy Net Worth 2024: Salary, Net Worth in Rupees (INR), Income

Who is Vivek Ramaswamy?

Vivek Ganapathy Ramaswamy is an American entrepreneur, businessman, and political candidate. He is mostly known for founding and leading Roivant Sciences, a biopharmaceutical company focused on developing and commercialising innovative therapies across various disease areas.  His current net worth is approximately $1 billion, which is 8,435 crore INR in Indian rupees. 

• See More| [Latest] Jeff Bezos Net Worth 2024: Salary, Net Worth in Rupees (INR), Income
• Veterans Day 2024 Explained: Date, History, and Why We Honour It?

Vivek Ramaswamy’s Early Career

Vivek Ramaswamy is an American entrepreneur, author, and political figure known for his work in the biotech industry and his recent involvement in U.S. politics. Born on August 9, 1985, in Cincinnati, Ohio, to Tamil-speaking Indian immigrant parents from Kerala, Ramaswamy has built a notable career as a biotech executive and a vocal critic of corporate social responsibility initiatives.

Early Life and Education

Honored to receive the Gerald Ford Award from the Federalist Society at Yale Law School. Didn’t hold back in my speech. I’m cautiously optimistic that all is not lost, even amongst “the elites.” pic.twitter.com/NCVzTPkySe

— Vivek Ramaswamy (@VivekGRamaswamy) November 10, 2024

Ramaswamy was raised in Ohio and attended St. Xavier High School, where he graduated as valedictorian in 2003. He then went on to Harvard University, earning a Bachelor of Arts degree in Biology with summa cum laude honours in 2007. Following his undergraduate studies, he attended Yale Law School, obtaining his Juris Doctor (J.D.) in 2013.

Career in Biotech

In 2014, Ramaswamy founded Roivant Sciences, a pharmaceutical company that focuses on acquiring and developing underutilised drug assets. His success in this field has made him a multimillionaire, with estimates of his net worth reaching around $630 million by 2023. He also co-founded Strive Asset Management in 2022, aiming to challenge the dominance of Environmental, Social, and Governance (ESG) investing practices.

Political Involvement

Ramaswamy entered the political arena as a Republican presidential candidate for the 2024 election. He announced his candidacy in February 2023 but suspended his campaign in January 2024 after finishing fourth in the Iowa caucuses. Following his exit from the race, he endorsed Donald Trump for president and was appointed to co-lead the newly proposed Department of Government Efficiency (DOGE) alongside Elon Musk.

Views and Publications

Ramaswamy is known for his strong opposition to what he terms "woke capitalism," which he critiques in his book Woke, Inc.: Inside Corporate America’s Social Justice Scam. In this work, he argues that corporate engagement in social issues often serves profit motives rather than genuine ethical concerns. His views have resonated with many conservative voters and have positioned him as a significant figure within the Republican Party.

Personal Life

Started at the crack of dawn in New Haven, CT. Spent the morning in NYC. Just dropped off the family off in Columbus, OH. Headed back down to Palm Beach shortly. One day, four cities, in four different states, all in one great nation. So grateful 🇺🇸 pic.twitter.com/f2dNMsHwqo

— Vivek Ramaswamy (@VivekGRamaswamy) November 10, 2024

Beyond his professional achievements, Ramaswamy has also gained attention for his unique background; during his time at Harvard, he performed libertarian-themed rap music under the stage name "Da Vek" and has described himself as a contrarian who enjoys debate. He is married to Apoorva Tewari, a medical professional.

Vivek Ramaswamy's Net Worth and Earning Assets 2024

Vivek Ramaswamy's net worth is estimated to exceed $1 billion as of November 2024, according to Forbes and other financial reports. His wealth primarily stems from his successful career in the biotechnology sector, particularly through his company Roivant Sciences, which he founded in 2014.

Key Sources of Wealth

• Roivant Sciences: Ramaswamy's most significant financial success comes from Roivant, which focuses on acquiring and developing underutilised pharmaceuticals. A major boost to his wealth occurred in 2020 when Roivant sold a portfolio of drugs and a stake in the company to Japan's Sumitomo Dainippon for $3 billion, netting him approximately $176 million in capital gains.
• Public Offerings: He was instrumental in launching Myovant Sciences, which had the largest biotech IPO of 2016, raising $218 million. The valuation of Roivant soared to $7.3 billion following a merger with a Special Purpose Acquisition Company (SPAC) in 2021, which significantly increased the value of Ramaswamy's holdings.
• Diverse Investments: Beyond Roivant, Ramaswamy has invested in various sectors, including cryptocurrencies like Bitcoin and Ethereum, as well as stakes in companies such as Rumble and MoonPay.
• Strive Asset Management: Ramaswamy co-founded this asset management firm in 2021, which has been valued at around $300 million and manages over $500 million in assets. His 33% ownership stake is estimated to contribute an additional $100 million to his net worth.

Personal Assets

Ramaswamy owns two homes in Ohio valued at approximately $2.5 million and has investments in private aviation for personal travel, emphasising that it allows him to spend more time with his family.

🚨 BREAKING: Trump announces Elon Musk and Vivek Ramaswamy will head the Department of Government Efficiency.

It will "slash excess regulations" and "cut wasteful expenditures." pic.twitter.com/sBxGW9okcr

— Eric Daugherty (@EricLDaugh) November 13, 2024

Also Read| [Latest] Tom Cruise Net Worth 2024: Salary, Net Worth in Rupees (INR), Income