Vivek Ramaswamy Joins Forces with Elon Musk in Trump's Government Efficiency Department
Vivek Ramaswamy, a 39-year-old biotech entrepreneur and former Republican presidential candidate, has garnered attention recently, especially following his appointment alongside Elon Musk to lead the newly established Department of Government Efficiency (DOGE) in President Donald Trump’s administration.
Born on August 9, 1985, in Cincinnati, Ohio, to Indian immigrant parents, Ramaswamy has built a substantial fortune largely due to his ventures in the biotechnology sector. He is best known for founding Roivant Sciences in 2014, a company specializing in acquiring and advancing underdeveloped pharmaceuticals. His estimated net worth varies between $800 million and $1 billion, with much of his wealth attributed to a 7% stake in Roivant Sciences, which peaked with a valuation of $7.3 billion in 2021.
Ramaswamy’s financial journey was notably boosted by a 2020 deal in which Japanese pharmaceutical firm Sumitomo Dainippon purchased a portfolio of drugs from Roivant and a 10% stake for $3 billion, netting him approximately $176 million. His successful business strategies have also secured him spots on Forbes’ lists of the “Richest Entrepreneurs Under 40” and “Richest 30 Under 30.”
In addition to his role in biotech, Ramaswamy is actively engaged in the financial sector through his founding of Strive Asset Management, an investment firm he established to challenge Environmental, Social, and Governance (ESG) investing practices. His critiques of corporate America’s shift towards social issues resonate with many on the political right, enhancing his stature as a conservative voice.
Ramaswamy’s entry into politics emerged more prominently in 2023 when he announced his candidacy for the Republican presidential nomination. Although he initially gained traction and a strong following, he ultimately suspended his campaign in January 2024, later endorsing Trump.
His appointment to DOGE marks a significant milestone in his political career. As part of a broader initiative to optimize government spending and enhance accountability, he is set to advocate for budget cuts and reforms in federal bureaucracy, aligning closely with Trump’s policy vision.
Despite his wealth, Ramaswamy is known for leading a modest lifestyle, owning two homes in Ohio valued at $2.5 million and using private jets primarily for family time. His rise in both business and political realms places him at the forefront of contemporary American conservative thought, alongside other prominent figures like Elon Musk.
What is Vivek Ramaswamy's net worth? More about the Cincinnati native appointed by Trump
Vivek Ramaswamy has generated a sizable net worth, thanks to his business ventures. How rich is the Ohio native? Here are the numbers.
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Vivek Ramaswamy's Net Worth: How Harvard-Yale graduate became rich by selling 'sick' pharma companies
Vivek Ramaswamy, a self-made billionaire, made his fortune in biotech. He founded Roivant Sciences, a company that develops pharmaceuticals. Ramaswamy
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Who is Vivek Ramaswamy? Know about his early life, education, and role as head of the new Department of Government Efficiency (DOGE) | World News - Times of India
US News: Indian-American entrepreneur and author Vivek Ramaswamy, known for founding Roivant Sciences, has become a prominent figure in both business
timesofindia.indiatimes.com
Meet Vivek Ramaswamy, Harvard-Yale graduate, son of immigrants, now part of Donald Trump's cabinet, his net worth is...
Born in the US to Indian immigrant parents, Ramaswamy gained wealth through his biotech company
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Vivek Ramaswamy will lead, together with Elon Musk, the Department of Government Efficiency (D.O.G.E) in the Donald Trump administration
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Who Is Vivek Ramaswamy, The Biotech Entrepreneur Now Part Of Trump 2.0
Donald Trump announced that biotech investor Vivek Ramaswamy, who ended his Presidential bid in January 2024, will work closely with Mr Musk on this i
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Donald Trump chooses Elon Musk and Vivek Ramaswamy to lead government efficiency effort
Entrepreneurs will oversee a newly created ‘department of government efficiency’ to ‘provide advice and guidance’
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