Vivek Ramaswamy made its way into American politics quite quickly. Although he has focused on various entrepreneurial advancements throughout his career, the Yale University alumnus has become an effective voice for the Republican Party, particularly for Donald Trump. Now that Trump has chosen Ramaswamy to lead the Department of Government Effectiveness as co-commissioner, many voters want to know more about him. From his business ventures to his current net worth, find out more about Ramaswamy here.

The problem with the administrative state does not really lie in the bad intentions of individual actors within it (at least not for the most part). This is because the machine takes on a life of its own. This is the real Leviathan. pic.twitter.com/SQM7mq7GFT

– Vivek Ramaswamy (@VivekGRamaswamy) November 11, 2024

Who is Vivek Ramaswamy?

Ramaswamy was initially known for his entrepreneurial roles. His work at various biotech and financial companies and platforms provided a solid launch pad for his political career. After announcing his 2023 presidential campaign, the Ohio native ran against Trump but nonetheless supported him. At one point, the Harvard University graduate even said he would pardon Trump for his federal charges if he were elected president.

How much is Vivek Ramaswamy worth in 2024?

Ramaswamy’s campaign claimed in 2023 that his net worth was $1 billion. Forbes also called him a “billionaire” in a 2023 headline.

How did Ramaswamy become rich?

The politician built his fortune through biotechnology and financial companies. Early in his career, Ramaswamy worked at a hedge fund, eventually leading the company’s biotechnology sector. In 2014, he left the hedge fund and founded his own biotechnology company, Roivant Sciences.

Roivant grows over time. Later, the company launched its subsidiary Axovant Sciences. After the failure of its clinical trial, Intepirdine, a drug intended to treat Alzheimer’s disease, Axovant abandoned its work to commercialize the drug.

In 2020, Ramaswamy co-founded Chapter Medicare. Three years later, Ramaswamy resigned as executive chairman of Riovant to focus on his presidential campaign. The following year, he supported Trump.

In mid-2024, Ramaswamy acquired a 7% stake in Buzzfeed.

What is the Department of Government Effectiveness?

pic.twitter.com/042NfHZOQU

– Donald J. Trump (@realDonaldTrump) November 13, 2024

Trump’s Department of Government Effectiveness will be led by Ramaswamy and his fellow billionaire Elon Musk. Trump explained that the task force “will pave the way for (his) administration to dismantle government bureaucracy, reduce excessive regulations, cut wasteful spending, and restructure federal agencies,” according to a report. statement he shared via X.

Trump also dubbed the task force the “Manhattan Project of our time.”