Vivek Ramaswamy (born August 9, 1985) is an American businessman and presidential candidate. He is the founder and CEO of Roivant Sciences, a pharmaceutical company that has developed and commercialized several drugs. In February 2023, Ramaswamy announced his candidacy for the Republican Party nomination in the 2024 United States presidential election.
Early Life of Vivek Ramaswamy
Vivek Ramaswamy was born in Cincinnati, Ohio to immigrant parents from India. His father, V. Ganapathy Ramaswamy, graduated from the National Institute of Technology, Calicut, and worked as an engineer and patent attorney for General Electric. His mother, Geetha Ramaswamy, graduated from Mysore Medical College & Research Institute and worked as a geriatric psychiatrist.
Vivek Ramaswamy attended public schools until the eighth grade, then attended St. Xavier in Cincinnati, a Jesuit Catholic school, where he graduated as a senior in 2003.
In 2007, Ramaswamy graduated with the highest honors in biology from Harvard University. He was a member of Phi Beta Kappa and the Harvard Political Union and served as president of the latter.
Known as a brash and self-confident libertarian, he performed Eminem covers and libertarian-themed rap music under the stage name “Da Vek” while in college. He also interned for the hedge fund Amaranth Advisors and the investment bank Goldman Sachs. His final paper on the ethical issues raised by the creation of human-animal chimeras earned him the Bowdoin Prize.
In 2011, Ramaswamy was awarded a Paul & Daisy Soros Fellowships for New Americans graduate scholarship, which he used to attend Yale Law School. He was already wealthy by the time he attended Yale, with a net worth of around $15 million before he graduated from law school. Befriended future US Senator JD Vance at Yale and earned his JD in 2013.
Career of Vivek Ramaswamy
After graduating from Harvard, Ramaswamy joined the hedge fund QVT, where he specialized in pharmaceutical investments. Within seven years, he earned $7 million and became a partner at the age of 28. During this time he met his now wife Apoorva, a throat surgeon. While continuing to work at QVT, he also earned a law degree from Yale, one of the most prestigious law schools in America.
Vivek left QVt and started his company Roivant Sciences in 2014. Roivant Sciences has become one of the most successful biotech companies in recent years. The company has raised over $1.3 billion in 4 rounds of funding and has developed and commercialized several drugs, including Axovant Gene Therapies’ AVXS-101 for spinal muscular atrophy.
Ramaswamy is a vocal critic of environmental, social and governance (ESG) investing. He argued that ESG investing is a form of shareholder activism that undermines the value of companies and is often motivated by political ideology rather than sound business practice.
In his book, “Woke, Inc.: Inside Corporate America’s Social Justice Scam,” Ramaswamy argues that corporations have become too focused on social justice issues and that this is distracting them from their core mission of creating shareholder value. He has also been critical of the rise of “awakened capitalism,” which he sees as a dangerous new form of corporate activism.
Ramaswamy is a controversial figure, but he is also a rising star in the Republican Party. He is considered a potential opponent to Donald Trump for the Republican presidential nomination in 2024.
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Source: newstars.edu.vn