A lifelong fixation on returns made Vivek Ramaswamy a billionaire by 38. Win or lose in 2024, he'll emerge richer and more influential than ever–just how he planned it.
Vivek Ramaswamy’s fixation on maximizing his own ROI made him a billionaire at 38 and is fueling his meteoric rise as Trump 2.0. Win or lose in 2024, the biotech tycoon will emerge richer and more influential than ever–exactly how he planned it.what feels like the hottest morning amid the hottest August in recorded history, Vivek Ramaswamy sits coolly on a plush leather couch in his campaign bus, chomping on an apple and brimming with self-belief.
“The Vivek I thought I knew is not the public persona we see today. Either he changed his tune, or he always believed what he now says.” At 28, Ramaswamy struck out on his own, with $100 million in backing from his former employer and others. He named his firm Roivant Sciences—as in ROI. His thesis: Pharma giants had plenty of abandoned drugs that could be worth a fortune if someone focused on them. At its core, it wasn’t about creating anything, but rather unlocking the value of what had already been created.
Two years later, Ramaswamy secured a $1.1 billion investment for Roivant led by SoftBank, promising to bring tech wizardry and artificial intelligence to clinical trials through a new subsidiary, Datavant. A month later, Axovant’s Alzheimer’s drug failed its fifth trial, cratering the stock. Vivek Ramaswamy campaigns like Vivek Ramaswamy. First, there’s that energy. He’s nonstop, spending nearly all his days and nights with voters and wooing them like he did investors. In this, he channels Bill Clinton. “Vivek is really good at making it seem like he cares about what you’re saying,” says a former Roivant employee who worked under Ramaswamy for years. “He’s very good at being present, making you feel you’re being listened to.
Few saw Ramaswamy’s 2024 campaign coming, including Ramaswamy. “I can confirm that I will not be running for dog catcher, president or senator,” he said onstage at theTop Financial Advisors Summit last October, sitting alongside former Secretary of State Mike Pompeo, who hinted that he himself might run. “I’m glad to hear it,” Ramaswamy responded.
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