Vivek Ramaswamy Is Now A Billionaire: Forbes

India-West News Desk

WASHINGTON, DC – When billionaires are in the spotlight for their oversized influence in Washington, especially in the Trump administration, comes this news: Vivek Ramaswamy’s wealth has soared even as he campaigns for governor of Ohio.

According to Forbes, the entrepreneur and Republican politician has seen his net worth climb to $1.8 billion dollars, an eighty percent jump in only nine months. The surge comes not from his political ambitions but from the long arc of his biotech ventures, a detail Forbes underscores in its breakdown of Ramaswamy’s finances.

Ramaswamy announced his gubernatorial bid in February after stepping away from Trump’s Department of Government Efficiency in January. He previously ran for president in 2024, dropped out, and endorsed Trump.

Ramaswamy’s financial rise is rooted in Roivant Sciences, the pharmaceutical company he founded in 2014 after leaving hedge fund QVT. A year later, Roivant’s spinoff Axovant debuted with a $3 billion valuation, though its stock later sank after failed drug trials. Even so, Ramaswamy sold part of his Roivant stake and reported $37 million in capital gains on his 2015 tax returns.

In 2019, Roivant sold five subsidiaries and ten percent of the company to Japan’s Sumitomo for three billion dollars at a $ 9 billion  valuation, a deal Forbes highlights as a major source of his later gains. By 2021, he stepped down as CEO to become chairman, and Roivant went public soon after.

His wealth rose again in 2023 when Roivant offloaded another spinoff, Telavant, to Roche for $7.1 billion. Roivant’s stock jumped thirty-four percent by year’s end, instantly making Ramaswamy — who held tens of millions of shares — a billionaire.

Beyond Roivant, Ramaswamy also owns a stake in Chapter, a company he co-founded in 2020 that helps seniors navigate Medicare. Bloomberg reported the startup raised $75 million at a $1.5 billion valuation, valuing his stake at roughly $100 million.

Ramaswamy, 39, was born in Cincinnati to Indian immigrant parents. He is married to Apoorva, a throat surgeon, and they have two children.