Presidential candidate Vivek Ramaswamy is nearer to being a billionaire all thanks to his companies and other investments. His net worth and salary explored.
Ramaswamy is one of the latest politician to announce his run in the GOP primary following former South Carolina Gov. Nikki Haley, who announced her candidacy last February 2023.
Haley, 51, served as the U.S. ambassador to the United Nations under former President Donald Trump, from January 2017 until her resignation in December 2018. Trump, 76, announced his own 2024 run back in November during a speech at the Mar-a-Lago Club in Palm Beach, Florida.
Somewhere in August 2023, he was spotted rapping to Eminem song “Lose Yourself” during one of his campaign railies at the Iowa State Fair in Des Moines which has triggered a lawsuit from the rapper. Eminem’s music performing rights organization BMI has since sent a cease-and-desist letter to Ramaswamy’s campaign attorney, Stephen Roberts, per Daily Mail.
Away from his controversy and political view, he is one of the richest businessmen in America. In this article, we’ll delve into his finances to discover his exact net worth and how he makes his money. Read on for more.
Profile Summary
| Celebrated Name: | Vivek Ramaswamy |
| Net Worth: | $800 million to $1 billion |
| Profession: | Businessman, Author and Politician |
| Company: | Roivant Sciences, Sio Gene Therapies, Chapter Medicare, Strive Asset Management |
| Full Real Name: | Vivek Ganapathy Ramaswamy |
| Date of Birth: | August 9, 1985 (38 years old) |
What is Vivek Ramaswamy’s net worth?
Ramaswamy is extremely wealthy although he is not yet a billionaire but very close to being one. Forbes estimated Ramaswamy’s net worth at more than $950 million, whereas Celebrity Net Worth pegs his fortune at $800 million.
However, Vivek’s campaign adviser claims that he has a net worth of more than $1 billion.
In 2016, Vivek ranked Vivek #24 on a list of “America’s Richest Entrepreneurs Under 40” with a net worth of $600 million.
He accrued his wealth from his works as a businessman, entrepreneur and author mainly through biotech and financial.
The Ohio native has founded many multibillion-dollar tech and health care companies, after graduating summa cum laude from Harvard and receiving a law degree from Yale, according to his biography page on Strive.com.
His affluence comes from the 10% ownership stake he has in pharmaceutical company called Roivant Sciences. Found by him in 2014, the biotechnology firm shot to success after it acquired the rights to an Alzheimer’s medication and used it as a centerpiece for its subsidiary, Axovant.
His businesses include Roivant Sciences, Axovant Sciences, Sio Gene Therapies, Chapter Medicare, and Strive Asset Management, just to mention a few.
In November 2022, Strive Asset Management’s assets surpassed $500 million. In mid-2023 Strive was valued at $300 million. Vivek owns 1/3 of Strive, which means his stake is worth $100 million.
Vivek earned over $176 million from sales of five drugs and a 5% stake from Roivant to a Japanese pharmaceutical company in 2020 for $3 billion. According to public disclosures, Vivek earned $260 million between 2014 and 2022 alone in the form of salary, bonuses and capital gains.
He is also a critic of environmental, social, and corporate governance initiatives (ESG).
Vivek Ramaswamy announced his bid to run for the presidential race early 2023
Conservative entrepreneur Vivek Ramaswamy announced his 2024 bid for the presidency on February 2023, during an appearance on Tucker Carlson Tonight and in a subsequent Wall Street Journal editorial.
“To put America first, we need to rediscover what America is. That’s why I am running for president,” Ramaswamy wrote in his op-ed. “I am launching not only a political campaign but a cultural movement to create a new American Dream — one that is not only about money but about the unapologetic pursuit of excellence.”
“It may seem presumptuous for a 37-year-old political outsider to pursue the highest office in the land, but I am running on a vision for our nation — one that revives merit in every sphere of American life,” Ramaswamy wrote in his announcement.
Ramaswamy has been outspoken against companies using their platforms for social causes and has echoed the views of many far-right Republicans that America’s values are in decline, citing critical race theory, self-victimization, and efforts to stop climate change as things that have destroyed the nation’s once-shared identity.
In line with those talking points, he’s said that Americans’ recent focus on diversity only emphasizes people’s differences.
In his editorial, Ramaswamy called for securing the border, eliminating affirmative action “across the American economy,” and declaring economic independence from China, which he calls “the greatest external threat to America.”
He’s elaborated on his beliefs through his 2021 New York Times best-selling book, Woke, Inc.: Inside Corporate America’s Social Justice Scam, and his 2022 follow-up, Nation of Victims: Identity Politics, the Death of Merit, and the Path Back to Excellence.
The views expressed in Ramaswamy’s books led the New Yorker to dub him as the “CEO of Anti-Woke, Inc.” They also piqued the curiosity of Fox News host Tucker Carlson, who has since made Ramaswamy a regular guest on his show.
Speaking with Carlson during his campaign announcement, Ramaswamy got riled up discussing so-called “alternative religions” in America — wokeness, affirmative action and environmentalism — that he credits with destroying American culture.
“We need to take the most sacred cows of these alternative secular religions and, I’m sorry to say this, take them to the slaughter house,” he said.