Vivek Ramaswamy’s Net Worth Is 9 Figures—See How the DOGE Co-Lead Made His Millions | Global News Avenue

Former Republican presidential candidate, entrepreneur and author Vivek Ramaswamy nearly became a billionaire with investments in biotech and financial companies.

Ramaswamy’s net worth is estimated to be $800 million Celebrity Net Worth. Ramaswamy was recently named co-leader of President-elect Trump’s new administration Ministry of Government Efficiency With Tesla CEO Elon Musk.

From starting his own biotech and finance companies to owning a private jet, here’s how Ramaswamy made his millions.

He founded the pharmaceutical company Roivant Sciences

Most of Ramaswamy’s wealth comes from his stake in Roivant Sciences, a pharmaceutical company he founded in 2014. Roivant’s subsidiaries develop drugs and technologies to treat a variety of diseases, including psoriasis and cancer.

In 2020, Japanese pharmaceutical company Sumitomo Dainippon acquired ownership interests in five Roivant companies for US$3 billion and holds a 10% stake in Roivant. Ramaswamy reported total revenue for the year of more than $176 million, including $174 million in capital gains.

Roivant went public in 2021 with a valuation of $7.3 billion and, as of this writing, has a market capitalization of $8.2 billion. Ramaswamy reportedly owns about 10% of Roivant Forbes. Ramaswamy resigned as Roivant CEO in 2021 but remained as chairman until 2023, when he left to focus on the presidential campaign. The Ohio native sold $33 million worth of Roivant stock in January 2024 to fund his presidential campaign, according to Bloomberg.

Axovant, one of Roivant’s subsidiaries, went public in 2015 with a valuation of $2.2 billion, making it the largest U.S. biotech IPO at the time. Ramaswamy reported $37 million in capital gains on his tax return that year, for a total income of nearly $39 million.

Prior to founding Roivant Sciences, Ramaswamy worked at QVT Financial, where he managed the company’s biotech portfolio and received total compensation of $7 million from 2007 to 2014.

He founded the investment company Strive Asset Management Company

Ramaswamy co-founded investment firm Strive Asset Management in 2022 with a mission to combat so-called “value-destroying agendas” such as environment, society and governance and of initiative.

The company has approximately $1.6 billion in assets Assets under management (AUM)and is backed by major investors, including former PayPal co-founder Peter Thiel, billionaire hedge fund manager Bill Ackman and vice president-elect JD Vance.

Ramaswamy reportedly owns stakes worth over $100 million Forbes.

Other investments: Crypto, Rumble, MoonPay

Ramaswamy’s other investments include Bitcoin and Ethereum, with a portfolio consisting of 60% stocks and 40% bonds. Forbes. He has also reportedly invested in video platform Rumble Inc., cryptocurrency company MoonPay and Shipyard Software.

Real estate and private jets

Ramaswamy and his wife Apoorva own an 11,000-square-foot home in Ohio worth $2 million, while their first home in Ohio was worth about $500,000. celebrity net worth. He also reportedly owns shares in three private jets Forbes.

Ramaswamy has also written several books, including “Woke, Inc: Inside Corporate America’s Social Justice Scam” and “Nation of Victims: Identity Politics, the Death of Merit, and the Path Back to Excellence.”