The name of an Indian-origin person in America is currently in the news. This name is Vivek Ramaswami. Trump has jointly entrusted an important responsibility to Ramaswami and the world's richest man Elon Musk. Ramaswami has ties with India. Know who Ramaswami is and what is his net worth.
This department has been given to him
Donald Trump, who won the US presidential election, has divided his departments. In this, Indian-origin Vivek Ramaswami has also been given an important responsibility. Trump has given the responsibility of the newly created 'Government Efficiency Department' to billionaire Elon Musk and Indian American leader Vivek Ramaswami. This department will play an important role in eliminating bureaucracy, reducing extra rules, cutting unnecessary expenses, etc.
Know who is Vivek Ramaswami
After Trump's announcement, Ramaswami has once again come into the limelight. He is a biotech businessman and writer in America. Ramaswami is of Indian descent. His parents had moved to America from India for business before his birth. Ramaswami was born there. 39-year-old Ramaswami was a presidential candidate from the Republican Party this time. However, at the last moment he could not gather the necessary funds and lagged behind his own party's big leader Donald Trump. Later Trump became the presidential candidate.
Roots are connected to India
Ramaswamy's father V. Ganapathi Ramaswamy was originally from Kerala. V. Ganapathi Ramaswamy was a graduate from NIT, Calicut. He was an engineer in General Electric. His mother Geeta Ramaswamy was a graduate from Mysore Medical College and Research Institute. She was a geriatric psychiatrist. Both of them shifted from Kerala to America in the 1970s.
National level tennis player
Vivek Ramaswami was born in August 1985 in Ohio, USA. He has been a national level junior tennis player. He graduated as valedictorian from Jesuit High School.
He also graduated in Biology from Harvard University in 2007. After this, he worked in a hedge fund, where he earned $ 7 million in seven years. He also obtained a law degree from Yale University in 2013.
This is how he started his business
He founded biotech firm Roivant Sciences in 2014. While setting up this company, Ramaswami received startup capital of around $100 million from investors. Ramaswami later acquired several pharmaceutical companies. He also invested in several pharmaceutical companies. This earned his company a lot of money.
In 2022, Ramaswami founded Strive Asset Management, an investment firm. Strive promises to provide investment options that do not ask companies to pursue political or social agendas. By September 2023, Strive's assets exceeded $1 billion.
What is his net worth?
Forbes has ranked Ramaswami among 'Richest Entrepreneurs Under 40' and 'Richest 30 Under 30'. According to Forbes' real-time net worth tracker, Ramaswami's net worth is more than one billion dollars (about Rs 8500 crore). His main source of income is his company Roivant Sciences.
In 2016, Ramaswami launched Roivant's subsidiary Myovant Sciences. This company had an IPO that year. It was America's largest biotech IPO till then. Ramaswami raised $218 million from this IPO through listing on Nasdaq.