Vivek Ramaswamy Net Worth 2024 (Business and Investments)

Vivek Ramaswamy net worth is estimated to be more than $950 million. He is an American entrepreneur, author, and political activist, born on August 9, 1985, in Cincinnati, Ohio to Indian immigrant parents.

Vivek Ramaswamy graduated from Harvard University with a degree in biology and later earned a J.D. from Yale Law School. Ramaswamy founded Roivant Sciences in 2014, a biopharmaceutical company known for its innovative drug development strategies. He gained widespread attention with his book “Woke, Inc.: Inside Corporate America’s Social Justice Scam,” which critiques the influence of woke culture in corporate America.

In 2023, he announced his candidacy for the 2024 U.S. presidential election as a Republican, focusing on economic growth, free speech, and reducing government intervention in businesses.

Vivek Ramaswamy, an Indian-American businessman, saw his fortune increase by more than $100 million during his campaign for the Republican nomination in Iowa. Biotech entrepreneur Vivek Ramaswamy, who supported ex-US President Donald Trump after dropping out of the White House race and finishing fourth in the Iowa caucuses on Monday, spent millions on his campaign. Despite this, he is now richer than he was eleven months ago when he started his run for the Republican presidential nomination, according to a Forbes report.

In this article, we are going to discuss the Vivek Ramaswamy net worth, his earnings from Roivant Sciences, Strive Asset Management and shared stakes in BuzzFeed.

As of 2024, Vivek Ramaswamy net worth is stated to be approximately more than $950 million. When Vivek Ramaswamy declared his candidacy, his net worth was estimated at $840 million. After his campaign started, it increased to $960 million. He invested $17 million in his campaign during the first nine months of 2023: $1.8 million in cash and $15.25 million as loans.

According to Ramaswamy’s team, his worth is now at least $1 billion. However, it is not clear how much money he spent on the campaign in the last quarter of 2023 and early 2024.

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Vivek Ramaswamy net worth is around to be more than $960 million. He is a very wealthy Indian-American businessman. When he declared his candidacy, his net worth was $840 million, which increased to $960 million after his campaign started. He invested $17 million in his campaign during the first nine months of 2023, including $1.8 million in cash and $15.25 million in loans. According to his team, Ramaswamy is now worth at least $1 billion.

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Vivek Ramaswamy net worth is estimated to be approximately $960 million. Vivek Ramaswamy sold $33 million worth of shares in Roivant Sciences, his biggest asset, to help fund his campaign, according to Axios.

Ramaswamy started Roivant Sciences in 2014 and was the CEO until 2021. The company, which develops pharmaceuticals, saw its stock price rise 25% to $10.86 per share after Ramaswamy announced his presidential run on February 21, 2023. He owns 6.4% of the company, worth about $565 million.

On September 27 last year, Roivant’s stock hit an all-time high of $13.19 and ended the year up 42%. According to CNN, eleven out of twelve stock analysts still believe in the company’s success, with a target price of $15.50. In December, the pharma giant Roche bought a Roivant subsidiary, Televant, for $7.1 billion.

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Strive Asset Management was founded by Vivek Ramaswamy in 2022 after he published his best-selling book “Woke, Inc.” and resigned as CEO of Roivant. After starting his campaign, he left his role as executive chairman of Strive, which offers exchange-traded funds to investors.

Ramaswamy is still the largest shareholder of Strive with $150 million at stake. This estimate comes from the company’s last financing round in November 2022, when investors like Bill Ackman and Peter Thiel valued Strive at about $300 million.

During Ramaswamy’s campaign, Strive more than doubled its assets under management, rising from over $500 million in early 2023 to over $1.1 billion as of this week. Most of this increase happened in the spring and summer of last year. Two weeks after the first Republican debate in September, Strive received $1 billion in assets from investors.

In public tax filings, Ramaswamy revealed he has over $240 million in cash and personal assets. He made $39 million (pre-tax) in 2015 after selling part of his Roivant shares and $176 million in 2020 when Japanese company Sumitomo Dainippon bought five of Roivant’s drugs and a 10% stake in Roivant for $3 billion.

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Vivek Ramaswamy net worth is estimated at $960 million. Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has bought a minority stake in BuzzFeed, the digital publishing company that shut down its media outlet last year. Ramaswamy purchased a 7.7% stake in BuzzFeed, according to a filing with the Securities and Exchange Commission late Tuesday.

Ramaswamy believes BuzzFeed’s stock is undervalued and wants to talk with the company’s board and management. BuzzFeed has struggled since going public in 2021. In late 2022, the company started cutting jobs due to poor digital advertising. Early last year, BuzzFeed announced the shutdown of its Pulitzer Prize-winning media outlet, BuzzFeed News.

BuzzFeed reported a first-quarter loss of $35.7 million, or 72 cents per share, on revenue of $44.8 million. Advertising revenue fell 22%, and content revenue declined 19%. The company expects revenue to worsen.

Ramaswamy suspended his bid for the 2024 Republican presidential nomination in January and endorsed former President Donald Trump after finishing fourth in Iowa’s caucuses.

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Vivek Ramaswamy net worth in 2024 is estimated to be more than $960 million, through his successful ventures in biotechnology and investment. He founded Roivant Sciences and Strive Asset Management, both of which have significantly contributed to his wealth. His investments in real estate and strategic financial decisions, such as selling a portion of his Roivant shares and purchasing a stake in BuzzFeed, further highlight his business acumen. Despite suspending his campaign for the 2024 Republican presidential nomination, Ramaswamy continues to influence the business world with his bold moves and substantial financial growth.

What is Vivek Ramaswamy net worth in 2024?

As of 2024, Vivek Ramaswamy net worth is stated to be approximately more than $950 million.

Who is Vivek Ramaswamy?

Vivek Ramaswamy is a successful entrepreneur who started a company called Roivant Sciences, which works on making new medicines.

How did Vivek Ramaswamy become successful?

Vivek studied hard and used his knowledge to start his own company. He also made smart investments and worked with big companies to grow his business.

How much money does Vivek Ramaswamy have?

Vivek Ramaswamy has about $1.5 billion. He made most of this money from his company and by investing in other businesses.

What does Vivek Ramaswamy do with his money?

Vivek gives some of his money to help people. He gives scholarships for students, supports healthcare projects, and funds scientific research.

What will Vivek Ramaswamy do in the future?

Vivek will keep working on making new medicines and helping others. He wants to inspire more people to do good things and make the world a better place.