Entrepreneur and politician Vivek Ramaswamy’s net worth in 2024 has sparked interest, given his financial success. He was recently in the news after he slammed the US President Joe Biden on X (formerly known as Twitter), saying “the Democrat Party served up an old man as their sacrificial lamb tonight,” following the presidential debate between Biden and former US President Donald Trump.
Many are curious about the amount of money Ramaswamy has accumulated and the sources of his wealth. Here’s a comprehensive overview of Vivek Ramaswamy’s net worth and the avenues through which he has built his financial empire.
What is Vivek Ramaswamy’s net worth in 2024?
Vivek Ramaswamy has an estimated net worth of $960 million in 2024.
Ramaswamy is the founder of Roivant Sciences, a biopharmaceutical company, and Strive Asset Management, an investment firm. He gained further prominence through his outspoken critiques of corporate America’s social justice initiatives. His political commentary, including his candidacy for the 2024 U.S. presidential election, has significantly increased his public profile.
Vivek Ramaswamy’s earnings explained — how does he make money?
Vivek Ramaswamy’s earnings come from several sources. His primary income is from his 7.17% stake in Roivant Sciences, worth about $565 million. He also co-founded Strive Asset Management and profits from investments in Bitcoin, Ethereum, and Rumble. Additionally, he earns from his books and speaking engagements.
Roivant Sciences
In 2014, Ramaswamy founded Roivant Sciences, a biopharmaceutical company that acquires and develops undervalued drugs from larger pharmaceutical companies. His innovative approach to drug development and strategic acquisitions helped Roivant grow significantly. The company went public in 2021, and Ramaswamy’s 7.17% stake in Roivant is reportedly worth approximately $565 million. He has reportedly made substantial capital gains, including $176 million in 2020 when Sumitomo Dainippon acquired a 10% stake in Roivant and several subsidiaries for $3 billion.
Hedge Fund Manager
Before founding Roivant Sciences, Vivek Ramaswamy worked as a hedge fund manager at QVT Financial from 2007 to 2014. At QVT, he co-managed the firm’s biotech portfolio and made significant investments in pharmaceutical companies. His early career in finance allowed him to accumulate wealth, earning reportedly $7 million in the first seven years of his career and making partner by the age of 28.
Strive Asset Management
In 2022, Ramaswamy co-founded Strive Asset Management. This investment firm is positioned as an “anti-woke” alternative to major asset managers like BlackRock. Strive focuses on maximizing returns without considering ESG (environmental, social, and governance) criteria. Ramaswamy’s stake in Strive is valued at over $150 million, following significant growth in assets under management from $500 million to over $1.1 billion within a year.
Book Sales and Public Speaking
Ramaswamy has authored several books, including the bestseller Woke, Inc.: Inside Corporate America’s Social Justice Scam. The success of his books and his popularity as a public speaker have added to his income, with speaking engagements often earning substantial fees.
Investments and Real Estate
Vivek Ramaswamy has diversified his net worth through various investments in stocks, bonds, cryptocurrencies, and real estate. He has stakes in companies like YouTube competitor Rumble and crypto payments firm MoonPay. His real estate holdings include a house in Columbus, Ohio, valued at over $2 million.
