![]() We have good relationships with our neighbors.” “We see five of our neighbors’ backyards. “We don’t have giant vacation homes,” Ramaswamy says. “I don’t think we have lived a lifestyle that is radically removed from the one we grew up in.” He owns two Ohio homes worth a combined $2.5 million, less than the real estate portfolios of far-less-wealthy candidates, including Nikki Haley, Francis Suarez, Robert F. It helps, he says, that he doesn’t live like a tycoon. ![]() ![]() Joe Lonsdale, the 40-year-old cofounder of Palantir, chipped in, too.ĭespite all his money and connections, Ramaswamy looks pretty comfortable doing meet-and-greet politicking in New Hampshire. So did hedge fund billionaire Bill Ackman, who has invested heavily in the pharmaceutical industry and connected with Ramaswamy playing tennis. Mega-donor Peter Thiel, who backed other “anti-woke” ventures like Rumble, put in some money. And that’s different from stakeholder capitalism, which says you’re supposed to take into account 12 or 20 stakeholders at the same time.”Ī lineup of serious investors bankrolled Strive. “What excellence capitalism says is, focus exclusively on delivering excellent products and services to your customers, above all other agendas, including political and social agendas. “We stand for this movement that we call ‘excellence capitalism,’ as a counterpart to stakeholder capitalism,” Ramaswamy explained on the Trillions podcast. He published his book seven months later and started the “anti-woke” asset management firm, Strive, around the same time. Ramaswamy got his second big windfall that year, reporting $176 million of income on his tax return, including $174.5 million in capital gains.įlush with cash, Ramaswamy stepped down from his company in January 2021, citing his “increasing public engagement” in a note to shareholders. In 2020, Japanese pharma giant Sumitomo Dainippon paid $3 billion to acquire five of them, as well as a 10% stake in Roivant. The company rebranded as Sio Gene Therapies in 2020 and is now worth about $30 million. Intepirdine turned out to be a disappointment, failing a clinical trial two years later. The year that Axovant joined the New York Stock Exchange, Ramaswamy reported more than $38 million of income, most of it from capital gains, on his tax return. Its prized asset: a much-hyped Alzheimer’s drug candidate, Intepirdine, which Ramaswamy had purchased for just $5 million. One year after founding the company, one of Roivant’s spinoffs, named Axovant, went public at a $2.2 billion valuation. His thesis: Pharma giants had plenty of abandoned drugs that could be worth a fortune if someone focused on them. Ramaswamy left his job at QVT at 29 and, with the hedge fund backing him, started an investment holding company named Roivant Sciences. While continuing to work, he also managed to get a degree from America’s most prestigious law school, Yale. Around the same time, he met his now-wife, Apoorva, a throat surgeon. ![]() He earned $7 million in the first seven years of his career and made partner by 28. A private charity reportedly bought the company in 2009 for an undisclosed sum.Īfter graduating, Ramaswamy joined the hedge fund QVT, where he specialized in pharmaceutical investments. The son of Indian immigrants-Ramaswamy’s father an engineer and patent attorney, his mother a psychiatrist-he attended Harvard, where he studied biology and cofounded, a website for student founders to pitch professional investors. It’s a lot of money to make in a little amount of time. Investors recently valued Strive at a lofty $300 million or so, according to two individuals familiar with the financing, implying that Ramaswamy’s stake is worth well over $100 million. A year later, he founded an “anti-woke” index fund provider-think BlackRock, without all the talk about saving the world-named Strive Asset Management. In 2021, Ramaswamy stepped down as CEO of Roivant and got into politics, authoring a book called “Woke, Inc.,” which criticized corporate America’s growing focus on social justice issues and the ESG (environmental, social and governance) movement taking over Wall Street.
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