ramaswamy running for president

ramaswamy running for president 

ramaswamy running for president 

Vivek Ganapathy Ramaswamy is an American pharmaceutical executive, hedge fund manager, lobbyist, and entrepreneur. He was born on August 9, 1985, in Cincinnati, Ohio, to Indian immigrant parents. Ramaswamy attended Harvard College, where he obtained a bachelor's degree in biology. He then went on to pursue a Juris Doctor (J.D.) degree at Yale Law School.

Ramaswamy began his career as an investing partner at the hedge fund QVT Financial, where he worked from 2007 to 2014. During his time at QVT, he focused on managing the company's biotech portfolio and made investments in the biotech sector, including holdings in Concert Pharmaceuticals and Palatin Technologies. One notable investment was QVT's investment in Pharmasset in 2008, which was later acquired by Gilead Sciences in 2011.

In 2014, Ramaswamy founded Roivant Sciences, Inc., a biotech company focused on acquiring and developing late-stage drug candidates. Roivant Sciences and its affiliates aimed to address unmet medical needs by acquiring promising drug assets from other companies and advancing them through clinical development. Ramaswamy served as the CEO of Roivant Sciences until 2021 and continued to serve as chairman until 2023.

In 2022, Ramaswamy co-founded Strive Asset Management, an investment company with an anti-environmental, anti-social, and anti-corporate governance (ESG) stance. The company's investment strategy focuses on challenging traditional ESG principles.

In February 2023, Ramaswamy announced his candidacy for the Republican Party's nomination for the 2024 presidential election. As a potential presidential contender, he would bring his experience in the pharmaceutical industry, finance, and entrepreneurship to the political arena.

Ramaswamy launched the biotechnology company in 2014.

Vivek Ganapathy Ramaswamy, an American pharmaceutical executive, hedge fund manager, lobbyist, entrepreneur, and potential presidential contender for the Republican Party in 2024, was born on August 9, 1985.

Ramaswamy was born to Indian immigrants in Cincinnati. He obtained a biology bachelor's degree from Harvard College before going on to Yale Law School to obtain a J.D. Before starting Roivant Sciences, a biotech business, in 2014, Ramaswamy was an investing partner at a hedge fund. He left Roivant in 2021 as CEO but continued to serve as chairman till 2023. Ramaswamy co-founded Strive Asset Management in 2022, an investing company with an anti-environmental, anti-social, and anti-corporate governance (ESG) stance. Ramaswamy announced his candidacy for the Republican Party's nomination in February 2023.

Ramaswamy announced his intention to run for president in the 2024 election under the Republican Party's nomination.

As an anti-woke activist, Ramaswamy gained notoriety in American conservative circles. He began his campaign by asserting that new secular religions like woke-ism, climate-ism, and gender ideology are to blame for the country's current state of identity crisis.He also opposes ESG initiatives .Forbes assessed his net worth to be $630 million in April 2023; his money is derived from biotech and financial ventures.

childhood and family

Ramaswamy was born to Hindu Tamil Brahmin immigrants on August 9, 1985, in Cincinnati, Ohio, in the United States. His upbringing was in Ohio. His ancestors are from Kerala V. .G. Ramaswamy, his father, is a graduate of

As an anti-woke activist, Ramaswamy gained notoriety in American conservative circles] His mother, Geetha Ramaswamy, a Mysore Medical College & Research Institute alumna, worked as a geriatric psychiatrist while he attended the National Institute of Technology in Calicut and began working as an engineer and patent attorney for General Electric. His parents left their ancestral home in a conventional agraharam in the town of Vadakkencherry in the Keralan Palakkad district

Ramaswamy frequently went to the neighborhood Hindu temple in Dayton, Ohio, with his family as a child.[19] He received private piano lessons from a conservative Christian pianist from elementary school through high school, who also had an impact on his social ideas. He frequently took his folks to India during the summer months

Education

Ramaswamy completed eighth grade in public schools.After that, he went to Cincinnati's St. Xavier High School, a Catholic institution connected to the Jesuit order, where he eventually graduated in 2003 Ramaswamy earned a Bachelor of Arts, summa cum laude, in biology from Harvard College in 2007 and was a Phi Beta Kappa member. He had a reputation as a brazen and self-assured libertarian at Harvard.He was a part of the Harvard Political Union, serving as its president. He described himself as a contrarian who enjoyed debating to the Harvard Crimson.[1] Under the alias Da Vek, he performed Eminem covers and rap songs with libertarian themes while in college,and worked as an intern for the hedge fund Amaranth Advisors and the financial firm

I worked as an intern for the investment firm Goldman Sachs as well as the hedge fund Amaranth Advisors. He received a Bowdoin Prize for his final thesis, which examined the moral issues created by the creation of human-animal hybrids. The Boston Globe and New York Times both ran an opinion piece by Ramaswamy explaining his thesis. He also mentioned being a college member of the Jewish intellectual society Shabtai in a 2023 interview.

A post-graduate scholarship was given to Ramaswamy in 2011 by the Paul & Daisy Soros Fellowships for New Americans.[28] He graduated with a J.D. in 2013 from Yale Law School.[23] Ramaswamy claimed in 2023 that he was already affluent at the time due to his work in the banking, pharmaceutical, and biotech industries.

had a net worth of approximately $15 million prior to completing law school.

commercial career

Campus Venture Network, a private social networking website for college students who wanted to start a business, was launched in 2007 by Ramaswamy and Travis May. In 2009, the Ewing Marion Kauffman Foundation purchased the business.

From 2007 to 2014, Ramaswamy worked at the hedge firm QVT Financial. He was a partner and shared management of the company's biotech portfolio Under Ramaswamy, QVT made investments in the biotech sector that included holdings in Concert Pharmaceuticals and Palatin Technologies. QVT's investment into Pharm asset in 2008 for $5 per share and Gilead's purchase of the business at $137 per share in 2011 made them Pharm asset's largest shareholders thanks to Ramaswamy's "buy low, sell high" strategy.

A post-graduate scholarship was given to Ramaswamy in 2011 by the Paul & Daisy Soros Fellowships for New Americans. He graduated with a J.D. in 2013 from Yale Law School.[23] As a result of his work in the banking, pharmaceutical, and biotech sectors at the time, Ramaswamy was already wealthy; in 2023, he claimed to have a net worth of about $15 million.

commercial career

initial career

Ramaswamy and Travis May formed Campus Venture Network in 2007, which released a confidentialsoIn 2017, Ramaswamy

The biotechnology company Roivant Sciences was established by Ramaswamy in 2014. The "Roi" in the company's name stands for return on investment.[33] The business was founded in the tax haven of Bermuda and got over $100 million in initial funding from QVT. andFor the Roivant subsidiary Axovant Sciences, Ramaswamy raised $360 million in 2015 in an effort to sell intepirdine as a treatment for Alzheimer's disease.[32][39] In December 2014[40], Axovant paid GlaxoSmithKline $5 million, a tiny price by industry standards, to acquire the patent for intepirdine from the company (where the medicine had failed four prior clinical trials).[33] On the Forbes magazine cover in 2015, Ramaswamy predicted that his company would "be the highest return on investment endeavor ever taken up in the pharmaceutical industry."[33][39] He organized an initial public offering of Axovant prior to the start of fresh clinical studies.[33] "Wall Street darling" Axovant raised $315 million in its initial public offering.[40] At first, the company's market worth increased to approximately $3 billion even though it only possessed.

The patent for intepirdine was purchased by Axovant from GlaxoSmithKline in December 2014 (where the drug had failed; he claimed he regretted the outcome but was irritated by criticism of the corporation).Axovant made an effort to remake itself as a gene therapy business, but failed and shut down in 2023.

Ramaswamy and Masayoshi Son reached an agreement in 2017 through which SoftBank financed $1.1 billion in Roivant. In 2019, Roivant sold Sumitomo Dainippon Pharma its ownership in five subsidiaries (or "vants"), including Enzyvant; Ramaswamy's capital gains from the transaction totaled $175 million.The agreement also granted Sumitomo Dainippon a 10% ownership stake in Roivant.

In his 2023 presidential campaign, Ramaswamy referred to himself as a "scientist" and claimed to have created several medications. Despite having a bachelor's degree inbiology

He never studied science, and his position in the biotechnology sector was that of an investor and businessman.

Ramaswamy transitioned from CEO of Roivant Sciences to executive chairman in January 2021. Following his resignation as CEO in 2021, Roivant was listed on the Nasdaq through a reverse merger with the special purpose acquisition entity Montes Archimedes Acquisition Corp. Ramaswamy resigned from his position as chair of Roivant in February 2023 to concentrate on his presidential candidacy.

Ramaswamy continues to own a 7.17% stake in Roivant, making him the sixth-largest shareholder[33].Roivant has never been financially successful.

Social Ventures Roivant

In 2020, with Ramaswamy as CEO of Roivant Sciences, the business formed Roivant Social Ventures (RSV), a nonprofit division focused on social impact. An earlier versionThe Roivant Foundation was RSV. RSV worked in support of pro-DEI and ESG initiatives, including promoting health equity and diversity within the biopharma and biotech industries, whereas Ramaswamy has focused his presidential campaign on fighting against corporate diversity, equity, and inclusion (DEI) and environmental, social, and corporate governance (ESG) initiatives.[46]

other businesses

Ramaswamy co-founded Chapter Medicare, a platform for navigating Medicare, in 2020.[48] On the Ohio COVID-19 Response Team, he participated.[28]

When Tekmira Pharmaceuticals and OnCore Biopharma combined in March 2015, he retained his chairmanship of OnCore Biopharma.[49] He served as the board chairman of the Canadian business Arbutus Biopharma.[30]

Activism that is anti-ESG and "anti-woke" and Strive Asset Management

Ramaswamy co-founded Columbus, Ohio-based asset management company Strive Asset Management in early 2022.[50]

Peter Thiel, J. D. Vance, and Bill Ackman were among the outside investors that contributed around $20 million to the company[45].[4][51][52]

Strive has marketed itself as a "anti-woke" and "anti-ESG" fund; Ramaswamy has criticized bigger asset managers like BlackRock, State Street, and Vanguard, arguing that their ESG initiatives mix business with politics and harm shareholders.[4][53][54]

Pension-fund managers review portfolio and company decisions using ESG to determine long-term risk, including climate hazards.[4][55] Ramaswamy has waged a campaign against ESG and highlights the Milton Friedman-firsted "shareholder primacy" philosophy.[4] He has portrayed private firms' socially conscious investing as both ineffectual and the worst threat to American civilization in his book Woke, Inc.: Inside Corporate America's Social Justice Scam and other works.[4] Nation of Men, his second book, was released.

There were about $750 million under administration, and net fresh contributions into Strive and 20 other anti-ESG funds had slowed.[54]

Ramaswamy proposed Strive to administer the South Carolina pension funds during closed-door talks he had with lawmakers in October 2022. The sessions were arranged by state treasurer Curtis Loftis.[58] The meetings were challenged as an unregistered form of lobbying in June 2023 after The Post and Courier published an article about them, while Ramaswamy's campaign manager denied any improper behavior.[58]

Ramaswamy served as executive chairman of Strive[4].Until he resigned in February 2023 to concentrate on his presidential campaign, [59][52].[50][60]

(2023-present) Presidential campaign

Article focus: The 2024 presidential campaign of Vivek Ramaswamy

early interest in politics

Ramaswamy claimed that although he did not cast a ballot in 2004, he supported the Libertarian Party's presidential candidacy.

There were about $750 million under administration, and net fresh contributions into Strive and 20 other anti-ESG funds had slowed.[54]

Ramaswamy spoke behind closed doors with South Carolina legislators in October 2022 in the event of the presidential elections in 2008, 2012, or 2016.[61] During this time, he characterized himself as "apolitical".[62] In the 2020 presidential election, he backed Donald Trump.[61][62]

He declared himself to be a Republican while registering to vote as "unaffiliated" in Franklin County, Ohio, in November 2021.[61] Both Democrats and Republicans have received campaign contributions from Ramaswamy. He gave the Ohio Republican Party $30,000 during the years of 2020 and 2023.[36] He contributed $2,700 to Florida Democrat Dena Grayson's 2016 congressional campaign.[61]

Ramaswamy thought about contesting the 2022 election before running for president.

Campaign

Speaking at AmericaFest 2022 is Ramaswamy

He announced on Tucker Carlson Tonight on February 21, 2023 that he was running for the Republican nomination to be president of the United States in 2024.[64] Ramaswamy publicly made available 20 years' worth of his individual tax filings and urged his primary opponents to do the same.[33][52] The great majority of the funds raised for his campaign have come from his fortune.[45] Ramaswamy borrowed his campaign more than $15 million between February and July 2023; at the conclusion of the second quarter of 2023, his campaign had roughly $9 million in cash on hand.[65] He raised less money than Ron DeSantis and Donald Trump combined, but more than most of the other Republican contenders.[65]

Ramaswamy's campaign revealed this in May 2023.

before announcing his candidacy, he admitted that he had paid an editor to change his Wikipedia biography, although he maintained that it was done for political reasons.[28] Before announcing his campaign, Ramaswamy reportedly paid an editor to remove references to his postgraduate fellowship with the Paul & Daisy Soros Fellowship for New Americans and his participation in the Ohio COVID-19 Response Team from his Wikipedia page in order to make it appear more favorable to political conservatives, according to Forbes.[66][67] George Soros, a billionaire and social crusader who has been the target of various conspiracy theories among American conservatives, has two older brothers and sisters-in-law, Paul and Daisy.[68] The Ramaswamy campaign said the updates were corrections of "factual distortions" rather than an attempt to "scrub" his Wikipedia page.[67]

When he ran for the Republican nomination for president,He attempted to win over Christian nationalist and evangelical Christian right voters, who made up a significant portion of the Republican base and some of whom were reluctant to back a non-Christian presidential candidate like Ramaswamy (a Hindu).[19][69] Ramaswamy has criticized secularism in speeches and interviews.[19] He said that "Christian values" or "Judeo-Christian values" were the foundation of the United States,[19] that he upholds these values,[19] and[69] and his belief in a single God.[19]

Ramaswamy described himself as a "unapologetic American nationalist" when running for office. He frequently attacked DeSantis but avoided criticizing Trump directly.[70][71]

Political stances

Ramaswamy is a prominent supporter of Donald Trump despite the fact that they are competing for the Republican nomination in 2024.[72] Following the January 6 protests, Trump's social media accounts were shut down.

Ramaswamy has described himself as a "unapologetic American nationalist" while running for office. The thing I enjoy about Vivek is that he only has positive things to say about "President Trump," wrote Trump in a social media post praising Ramaswamy.[74] Ramaswamy promptly supported Trump after he was charged with a federal crime in 2023.He held a press conference outside the Miami court where Trump was arraigned [72] and declared that if elected president, he would pardon Trump.[72][75]

Edward Snowden and Julian Assange will be freed, according to Ramaswamy, who also praised Snowden for his "heroic" deeds.[76] If Hunter Biden is found guilty of a crime, he has also shown a willingness to pardon him "in the interest of moving the nation forward."[77] If chosen, he said he might think about putting Robert F. Kennedy Jr.serve as his running buddy.[24][78]

Ramaswamy contends that identity politics encourage a culture of "victimhood" that need to be swapped out for a culture of "merit" that encourages excellence.[79][80] In addition, he rejects affirmative action, referring to it as the "single biggest form of institutionalized racism in America today" (81, 82, 4), and if elected, he'll revoke Executive Order 11246.[83] Ramaswamy has additionally suggested that by giving members of lower castes more economic options, American-style capitalism acts as a counterbalance to India's caste system.[4] He is against the teaching of critical racial theory.[84]

Ramaswamy calls himself pro-life and has stated that he believes abortion to be murder[85].[86] He opposes a federal ban on six-week abortions but supports state-level restrictions, with exceptions for rape, incest, and life-threatening situations.[85][87]

Ramaswamy favors increasing presidential power and has pledged to impose executive orders[24] to aa level unheard of among American presidents today.[88] He advocates replacing the IRS, FBI, and Department of Education.[89] He claims that, despite the Constitution giving Congress the sovereignty of the purse, the president has the unilateral authority to dissolve these agencies by executive order[90].[24] In order to abolish federal civil service protections and make federal jobs at-will, he has vowed to fire "at least half the federal workforce"[88].[91] All government employees would be given an eight-year term under his proposal, and he has vowed to remove President Kennedy's executive order that granted federal workers the right to collectively negotiate.[91] The federal provision requiring presidents to use all of the funds Congress appropriates has also been recommended to be repealed by him.[24]

Ramaswamy is in support of raising the voting age to25, subject to the enactment of a new constitutional amendment to replace the 26th Amendment.[92]He has stated that he would restrict voting rights for citizens between the ages of 18 and 24 to those who are enlisted in the military, work as first responders, or pass a civics test that is analogous to the one immigrants must pass to become naturalized U.S. citizens, claiming that doing so will increase civic engagement, sense of patriotism, and voting among young people.[95] Nearly 9% of Americans who vote are under the age of 25.[88] Ramaswamy is in favor of making Election Day a federal holiday as well as demanding voter identification in order to cast a ballot.[96]

The promise made by Ramaswamy is to "use our military to destroy the Mexican drug cartels."[89] He's stated that he's "not a war on drugs person," andis for the federal legalization of marijuana.[97]

Regarding the 2017 Trump tax cuts, Ramaswamy has not expressed any public opinion.[98] In his book Nation of Victims, he advocated for an inheritance tax rate of up to 59% and decried intergenerational wealth transfers, claiming that they lead to the creation of a "hereditary aristocracy".[61] He has argued that the Federal Reserve's role should be reduced to just controlling inflation, and that the dual purpose of reducing unemployment should be abandoned.[98]

Ramaswamy is in support of "major concessions to Russia" in the Russo-Ukrainian conflict. He wants to cut off U.S. military assistance to Ukraine, keep Ukraine out of NATO (stating he is "dead-set opposed"), and let Russia occupy parts of Ukraine in exchange for Russia abandoning its ties with China.He dialed Volodymyr Zelen, the president of Ukraine. He dialed Volodymyr Zellner, the president of Ukraine.

Private life

Apoorva Ramaswamy, the wife of Ramaswamy, is a doctor; they met while he was studying law at Yale and she was enrolled in medical school.[4] Both of their boys are.

Ramaswamy is a Hindu monotheist. His relatives claim that he speaks Tamil fluently and comprehends Malayalam (but does not speak it) He eats just plants.

Ramaswamy's campaign advisor claimed that he had a net worth of more than $1 billion in 2023; however, Forbes pegged it at $630 million. As of 2016, he resided in New York City. He had a home in Butler County, Ohio, as of 2021, but in 2023, the only piece of property he declared to be a homeowner was a house in Columbus, Ohio, in Franklin County.

written works

The social justice scam in America. Center Street, New York, NY, ISBN 978-1-5460-9078-6, OCLC 1237631944.

Vivek Ramaswamy (2022). Identity politics, the demise of merit, and the road to excellence are all discussed in Nation of Victims. Center Street, New York, New York. OCLC 1546002960, ISBN 978-1-5460-0296-3.

Vivek Ramaswamy (2023). How Wall Street is Using Your Money to Create a Country You Didn't Vote For: Capitalist Punishment. Broadside Books, New York, New York. OCLC 1362864450, ISBN 978-0063337756.