![Vivek Ramaswamy [Biography]](https://aatmkatha.com/wp-content/uploads/2023/12/Blue-Green-Colorful-Daycare-Center-Presentation-3.jpg "Vivek Ramaswamy [Biography]")
Vivek Ramaswamy is an Indian-origin flesh presser and businessman, who is contesting to grow to be the Republican Party’s nominee for the 2024 United States presidential elections. If Ramaswamy clinches the nomination, his probable opponent will be the Democratic Party’s Joe Biden, the incumbent President.
![Vivek Ramaswamy [Biography]](https://aatmkatha.com/wp-content/uploads/2023/12/Blue-Green-Colorful-Daycare-Center-Presentation-3-1024x576.jpg "Vivek Ramaswamy [Biography]")
Born on August 9, 1985, in Cincinnati, Ohio, Vivek Ramaswamy comes from a household that hails from Palakkad in the southern Indian kingdom of Kerala; his father, V Ganapathy Ramaswamy, graduated from the National Institute of Technology (NIT) in Calicut, additionally in Kerala, and has beforehand labored for General Electric (GE). The Republican’s mother, Geetha Ramaswamy, on the different hand, graduated from the Mysore Medical College and Research Institute (in the neighboring Karnataka), and labored as a geriatric psychiatrist.
He is married to throat health practitioner Apoorva Ramaswamy, an Assistant Professor at the Ohio State University. The couple, who have two sons, met at Yale, the place he was once pursuing law, and she used to be analyzing medicine. The household resides in Columbus, Ohio.
Outside of politics, the 38-year-old has been a nationally ranked tennis player. Ramaswamy is also an author, having penned The New York Times’ bestseller, ‘Woke, Inc: Inside Corporate America’s Social Justice Scam.’ His different books are: ‘Nation of Victims: Identity Politics, the Death of Merit, and the Path Back to Excellence,’ and ‘Capitalist Punishment: How Wall Street is Using Your Money to Create a Country You Didn’t Vote For.’
His works have added him sobriquets such as ‘one of the mental grandfathers of the anti-woke movement’ (Politico), ‘right’s main anti-ESG crusader’ (Axios, Bloomberg), and ‘The CEO of anti-woke’ (The New Yorker).
The politician’s enterprise ventures encompass Roivant Sciences (‘Roi’: return on investment), a biotechnology association (2015); Chapter Medicare, a Medicare navigation platform (2020); and strive, an asset administration company (2022).
According to Forbes, Vivek Ramaswamy modern-day internet well worth is greater than $950 million (approx. Rs 7600 crore), making him one of the youngest billionaires in the United States.
Early lifestyles and education
Vivek Ganapathy Ramaswamy was once born on August 9, 1985, in Cincinnati, Ohio, to Indian Hindu immigrant parents. His household are Tamil-speaking Brahmins from Kerala. His father, V. Ganapathy Ramaswamy, a graduate of the National Institute of Technology Calicut, labored as an engineer and patent lawyer for General Electric, whilst his mother, Geetha Ramaswamy, a graduate of the Mysore Medical College & Research Institute, labored as a geriatric psychiatrist. His mother and father immigrated from Palakkad district in Kerala, the place the household had an ancestral domestic in a typical Agraharam in the city of Vadakke cherry.
Ramaswamy used to be raised in Ohio. Growing up, Ramaswamy regularly attended the nearby Hindu temple in Dayton with his family. His conservative Christian piano teacher, who gave him non-public instructions from basic thru excessive school, additionally influenced his social views. He spent many summers season holidays touring to India with his parents. In excessive school, Ramaswamy used to be a nationally ranked tennis player.
Education
Vivek Ramaswamy attended public faculties thru eighth grade. He then attended Cincinnati’s St. Xavier High School, a Catholic college affiliated with the Jesuit order, graduating as valedictorian in 2003.
In 2007, Vivek Ramaswamy graduated from Harvard University with a Bachelor of Arts, summa cum laude, in biology, and used to be a member of Phi Beta Kappa. At Harvard, he received a recognition as a brash and assured libertarian. He used to be a member of the Harvard Political Union, turning into its president. He informed The Harvard Crimson that he regarded himself a contrarian who cherished to debate. While in college, he carried out Eminem covers and libertarian-themed rap tune beneath the stage title and alter ego “Da Vik” and used to be an intern for the hedge fund Amaranth Advisors and the funding financial institution Goldman Sachs. He wrote his senior thesis on the moral questions raised by means of developing human-animal chimeras and earned a Bowdoin Prize.
In 2011, Vivek Ramaswamy was once awarded a post-graduate fellowship via the Paul & Daisy Soros Fellowships for New Americans, which he used to attend Yale Law School. Later, Ramaswamy stated that via the time he attended Yale, he was once already rich from his things to do in the finance, pharmaceutical, and biotech industries; he stated in 2023 that he had an internet well worth of round $15 million earlier than graduating from regulation school. At Yale he befriended future U.S. Senator J. D. Vance. He earned a Juris Doctor in 2013. In a 2023 interview, Ramaswamy stated that he was once a member of the campus Jewish mental dialogue society Shabtai whilst a regulation student.
![Vivek Ramaswamy [Biography]](https://aatmkatha.com/wp-content/uploads/2023/12/Blue-Green-Colorful-Daycare-Center-Presentation-4-1024x576.jpg "Vivek Ramaswamy [Biography]")
Career
Early career
In 2007, Vivek Ramaswamyand Travis May co-founded Campus Venture Network, which posted a non-public social networking internet site for college students who aspired to launch a business. The enterprise used to be offered to the nonprofit Ewing Marion Kauffman Foundation in 2009.
Vivek Ramaswamy labored at the hedge fund QVT Financial from 2007 to 2014. He used to be a companion and co-managed the firm’s biotech portfolio. QVT’s biotech investments underneath Ramaswamy protected stakes in Palatin Technologies, Concert Pharmaceuticals, Pharmasset and Martin Shkreli’s Retrophin. In a 2023 speech and in his e, book Woke Inc., Ramaswamy known as Shkreli, whose agency had substantially multiplied the fee of a life-saving drug, each “brilliant” and a pathological liar. He criticized the U.S. Department of Justice for prosecuting Shkreli, calling his fraud a victimless crime.
Roivant Sciences and subsidiaries
Ramaswamy in 2017
In 2014, Vivek Ramaswamy based the biotechnology company Roivant Sciences; the “Roi” in the company’s title refers to return on investment. The agency used to be included in Bermuda, a tax haven, and acquired nearly $100 million in start-up capital from QVT and different investors, along with RA Capital Management, Visium Asset Management, and the hedge fund managers D. E. Shaw & Co. and Falcon Edge Capital. Roivant’s approach was once to buy patents from large pharmaceutical groups for tablets that had now not but been efficaciously developed, and then convey them to the market. The enterprise created severa subsidiaries inclusive of Derma Vant (focused on dermatology), Urovant (focused on urological disease), and China-based Synavant and Cytobands, targeted on the Asian market.
In 2015, Vivek Ramaswamy raised $360 million for the Roivant subsidiary Axovant Sciences in an strive to market intepirdine as a drug for Alzheimer’s disease. In December 2014, Axovant bought the patent for intepirdine from GlaxoSmithKline (where the drug had failed 4 preceding medical trials) for $5 million, a small sum in the industry. Ramaswamy regarded on the cowl of Forbes in 2015 and stated his organization would “be the perfect return on funding recreation ever taken up in the pharmaceutical industry.” Before new medical trials began, he engineered a preliminary public imparting (IPO) in Axovant. Axovant grew to become a “Wall Street darling” and raised $315 million in its IPO. The company’s market cost firstly soared to nearly $3 billion, though at the time it solely had eight employees, such as Ramaswamy’s brother and mother. Vivek Ramaswamy took a large payout after promoting a component of his shares in Roivant to Viking Global Investors. He claimed extra than $37 million in capital positive aspects in 2015.Ramaswamy stated his enterprise would be the “Berkshire Hathaway of drug development” and touted the drug as a “tremendous” possibility that “could assist millions” of patients, prompting some criticism that he was once overpromising.
In September 2017, the corporation introduced that intepirdine had failed in its giant medical trial.The company’s fee plunged; it misplaced 75% in one day and endured to decline afterward. Shareholders who misplaced cash covered a variety of institutional investors, such as the California State Teachers’ Retirement System pension fund. Ramaswamy was once insulated from plenty of Axovant’s losses due to the fact he held his stake via Roivant. The organization deserted intepirdine. In 2018, Ramaswamy stated he had no regrets about how the organisation dealt with the drug; in subsequent years, he stated he regretted the result however used to be irritated via criticism of the company. Axovant tried to reinvent itself as a gene remedy company,but dissolved in 2023.
In 2017, Roivant partnered with the personal fairness arm of the Chinese state-owned CITIC Group to structure Synavant. In 2017, Ramaswamy struck a deal with Masayoshi Son in which SoftBank invested $1.1 billion in Roivant. In 2019, Roivant offered its stake in 5 subsidiaries (or “vents”), together with Enzyvant, to Sumitomo Dainippon Pharma; Ramaswamy made $175 million in capital positive factors from the sale. The deal additionally gave Sumitomo Dainippon a 10% stake in Roivant.
While campaigning for the presidency, Ramaswamy referred to as himself a “scientist” and said, “I developed a range of medicines.” His undergraduate diploma is in biology; however, he was once in no way a scientist; his function in the biotechnology enterprise was once that of a financier and entrepreneur.
In January 2021, Vivek Ramaswamy stepped down as CEO of Roivant Sciences and assumed the position of govt chairman. In 2021, after he resigned as CEO, Roivant was once listed on the Nasdaq by a reverse merger with Montes Archimedes Acquisition Corp, a one-of-a-kind cause acquisition vehicle. In February 2023, Ramaswamy stepped down as chair of Roivant to center of attention on his presidential campaign.
Ramaswamy stays the sixth-largest shareholder of Roivant, conserving a 7.17% stake. Roivant has in no way been profitable.
Roivant Social Ventures
In 2020, when Vivek Ramaswamy used to be CEO of Roivant Sciences, the corporation installed a nonprofit social-impact arm, Roivant Social Ventures (RSV), with his support. A before generation of RSV, the Roivant Foundation, used to be created in 2018. Although Ramaswamy’s presidential marketing campaign facilities on opposing company diversity, equity, and inclusion (DEI) and environmental, social, and company governance (ESG) initiatives, RSV labored in aid of pro-DEI and ESG initiatives, consisting of promotion fitness fairness and variety inside the biopharma and biotech industries. While campaigning, Ramaswamy has downplayed his position in growing and overseeing RSV.
Activism and Strive Asset Management
In early 2022, collectively with his excessive college buddy Anson Frericks, Vivek Ramaswamy co-founded Strive Asset Management, a Columbus, Ohio-based asset administration firm. The company raised about $20 million from backyard investors, which includes Peter Thiel, J. D. Vance, and Bill Ackman.
Strive has branded itself as “anti-woke” and its cash as “anti-ESG”; Ramaswamy has claimed that the biggest asset managers, such as BlackRock, State Street, and Vanguard, mix commercial enterprise with ESG politics to the detriment of their funds’ investors.
Pension fund managers take account of ESG in the evaluation of long-term risk, together with local weather risks, when making portfolio decisions. Vivek Ramaswamy has crusaded towards ESG and emphasizes the doctrine of shareholder primacy, famously articulated via Milton Friedman. In his e book Woke, Inc.: Inside Corporate America’s Social Justice Scam and elsewhere, he has depicted non-public corporations’ socially aware investing as concurrently ineffective and the biggest hazard to American society. He posted a 2d book, Nation of Victims: Identity Politics, the Death of Merit, and the Path Back to Excellence, in September 2022, a few months earlier than asserting his presidential candidacy.
Struve’s flagship fund, the exchange-traded fund DRLL, launched in 2022 as an “anti-woke” electricity quarter index fund. Ramaswamy stated that Strive would push power corporations to drill for extra oil, frack for greater herbal gas, and “do anything permits them to be most profitable over the lengthy run barring regard to political, social, cultural or environmental agendas.”
In October 2022, Vivek Ramaswamy held closed-door conferences with South Carolina lawmakers in a session organized by way of country treasurer Curtis Loftis; at some point of the meetings, Ramaswamy pitched Strive to control South Carolina pension funds. In June 2023, after The Post and Courier stated on the meetings, the periods had been criticized as a structure of unregistered lobbying; Ramaswamy’s marketing campaign supervisor denied any impropriety.
Vivek Ramaswamy used to be Strive’s government chairman earlier than resigning in February 2023 to center of attention on his presidential campaign.
Presidential campaign (2023–present)
Early political involvement
Vivek Ramaswamy said that he voted for Michael Bednarik, the Libertarian Party presidential nominee in 2004, however did no longer vote in the presidential elections in 2008, 2012, or 2016.He described himself as apolitical all through this period. He supported Donald Trump in the 2020 election. In November 2021, Ramaswamy registered to vote in Franklin County, Ohio, as “unaffiliated”, however described himself as a Republican.
Vivek Ramaswamy has made political contributions to each Democrats and Republicans. In 2016, he donated $2,700 to the marketing campaign of Dena Grayson, a Florida Democrat walking for Congress. From 2020 to 2023, he donated $30,000 to the Ohio Republican Party. Ramaswamy regarded going for walks in the 2022 U.S. Senate election in Ohio.
Personal life
Vivek Ramaswamy’s wife, Apoorva Tewari Ramaswamy, is a laryngologist and surgeon; they met at Yale, when he was once reading regulation and she used to be reading medicine. They married in 2015 and have two sons. Ramaswamy has a youthful brother, Shankar, who labored for him at Axovant and later co-founded Kriya Therapeutics, a biopharmaceutical company.
Vivek Ramaswamy is a monotheistic Hindu. According to relatives, he is fluent in Tamil and knows (but does now not speak) Malayalam. He is a vegetarian and wrote in 2020, “I accept as true with it is incorrect to kill sentient animals for culinary pleasure”.
In 2023, Ramaswamy’s marketing campaign consultant stated his internet really worth used to be extra than $1 billion; Forbes estimated it at greater than $950 million. He lived in Manhattan as of 2016. As of 2021, he owned a residence in Butler County, Ohio, however in 2023, the solely actual property he suggested proudly owning was once a residence in Columbus, Ohio, in Franklin County. A 2023 Politico profile of Ramaswamy mentions him residing in a $2 million property in the Columbus suburb of Upper Arlington
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