Vivek Ramaswamy’s Internet Price Is 9 Figures—See How the DOGE Co-Lead Made His Tens of millions

Former Republican presidential candidate, entrepreneur, and creator Vivek Ramaswamy is sort of a billionaire, due to his investments in biotech and monetary corporations.

Ramaswamy has an estimated internet price of $800 million, in accordance with Movie star Internet Price. Ramaswamy was lately appointed as co-lead of President-elect Trump’s new Division of Authorities Effectivity alongside Tesla CEO Elon Musk.

From founding his personal biotech and monetary corporations to his stake in non-public jets, here is how Ramaswamy made his hundreds of thousands.

He Based Pharmaceutical Firm, Roivant Sciences

The majority of Ramaswamy’s wealth comes from his stake in Roivant Sciences, a pharmaceutical firm he based in 2014. Roivant has subsidiaries that develop medicine and applied sciences to deal with numerous medical circumstances, together with psoriasis and most cancers.

In 2020, Japanese pharmaceutical firm Sumitomo Dainippon purchased possession pursuits in 5 of Roivant’s corporations for $3 billion and a ten% stake in Roivant. Ramaswamy reported greater than $176 million in complete earnings that yr, together with $174 million in capital good points.

Roivant went public in 2021 at a $7.3 billion valuation and has a market cap of $8.2 billion as of this writing. Ramaswamy owns about 10% in Roivant, in accordance with Forbes. Ramaswamy stepped down as CEO of Roivant in 2021 however remained chairman till 2023 when he left to deal with his presidential marketing campaign. The Ohio native offered $33 million price of shares in Roivant in January 2024 to fund his presidential marketing campaign, which was largely self-funded, per Bloomberg.

One in all Roivant’s subsidiaries, Axovant, went public in 2015 with a $2.2 billion valuation—the biggest U.S. biotech IPO on the time. Ramaswamy reported $37 million in capital good points on his tax return that yr, with a complete earnings of virtually $39 million.

Earlier than founding Roivant Sciences, Ramaswamy labored at QVT Monetary, the place he managed the corporate’s biotech portfolio, and earned $7 million in complete compensation between 2007 to 2014.

He Based Funding Agency, Attempt Asset Administration

Ramaswamy co-founded funding agency, Attempt Asset Administration in 2022 with the mission of combating what it calls “value-destructive agendas” similar to ESG and DEI initiatives.

The corporate has about $1.6 billion in property beneath administration (AUM), and is backed by main traders together with former PayPal cofounder Peter Thiel, billionaire hedge fund supervisor Invoice Ackman, and Vice President-elect JD Vance.

Ramaswamy reportedly owns a stake price over $100 million, in accordance with Forbes.

Different Investments: Crypto, Rumble, MoonPay

Ramaswamy’s different investments embody Bitcoin and Ethereum, in an funding portfolio that’s made up of 60% shares and 40% bonds, in accordance with Forbes. He has additionally reportedly invested in video platform Rumble Inc., and crypto companies MoonPay and Shipyard Software program.

Actual Property and Personal Jets

Ramaswamy and his spouse Apoorva personal an 11,000-square-foot house in Ohio price $2 million, and their first Ohio house was price about $500,000, per Movie star Internet Price. He additionally owns a stake in three non-public jets, in accordance with Forbes.

Ramaswamy has additionally written a number of books, together with “Woke, Inc: Inside Company America’s Social Justice Rip-off,” and “Nation of Victims: Identification Politics, the Dying of Benefit, and the Path Again to Excellence.”