The entrepreneur will continue leading Donald J. Trump's government efficiency project before turning his attention to a campaign.
Read more at The New York Times
Vivek Ramaswamy will announce run for Ohio governor 'shortly'
Ohio entrepreneur and former presidential candidate Vivek Ramaswamy will announce a bid for Ohio governor "shortly," a source confirmed.
Read more at Cincinnati.com
Vivek Ramaswamy - 10 things to know with detail
Background: Vivek Ramaswamy is an entrepreneur, author, and former hedge fund manager. He was born in Cincinnati, Ohio in 1985 and attended Harvard College, where he graduated magna cum laude with a degree in biology.
Hedge Fund Career: After graduating from Harvard, Ramaswamy worked as a biotech and healthcare investor at QVT Financial, a hedge fund based in New York City. He later founded his own hedge fund, Roivant Sciences, which focused on investing in healthcare companies.
Roivant Sciences: In 2014, Ramaswamy founded Roivant Sciences with the goal of creating a new model for drug development. The company acquires and licenses late-stage drug candidates from pharmaceutical companies and develops them through its subsidiaries.
Biotech Ventures: Through Roivant Sciences, Ramaswamy has launched several biotech ventures, including Axovant Sciences, Myovant Sciences, and Dermavant Sciences. These companies focus on developing treatments for a range of diseases, including Alzheimer's disease, women's health issues, and dermatological conditions.
Controversial Business Practices: Ramaswamy has been criticized for his business practices, including his aggressive approach to acquiring drug candidates and his use of special purpose acquisition companies (SPACs) to take companies public. Critics have accused him of prioritizing profits over patient care.
Author: In 2021, Ramaswamy published a book titled "Woke, Inc.: Inside Corporate America's Social Justice Scam." The book criticizes corporate America's embrace of progressive social causes and argues that companies are using social justice issues to boost their bottom line.
Philanthropy: Ramaswamy is involved in philanthropy through his family's charitable foundation, the Ramaswamy Family Foundation. The foundation supports a variety of causes, including education, healthcare, and the arts.
Personal Life: Ramaswamy is married and has two children. He is known for his outspoken views on politics and social issues, and has been a frequent commentator on cable news programs and in op-eds.
Recognition: Ramaswamy has been recognized for his achievements in business and entrepreneurship. In 2019, he was named to Fortune's 40 Under 40 list of the most influential young people in business.
Future Plans: Ramaswamy continues to be actively involved in the biotech industry through Roivant Sciences and its subsidiaries. He has expressed interest in expanding his business ventures into other industries, including technology and finance.