Billionaire's Fortune Defies Political Headwinds
Indian-origin billionaire Vivek Ramaswamy has demonstrated remarkable financial resilience amid political turbulence, with his net worth experiencing an astronomical surge of 80% over the past nine months. Despite facing online slandering and Hindu hate campaigns, the prospective Ohio Governor candidate has seen his wealth grow from $1 billion to $1.8 billion since announcing his political bid.
Political Challenges and Financial Triumphs
The journey hasn't been smooth for Ramaswamy on the political front. He faced significant backlash from MAGA supporters after calling for introspection within the Republican Party following socialist Zohran Mamdani's victory in the New York mayoral election. The situation escalated to the point where President Donald Trump had to personally intervene and re-endorse Ramaswamy as the GOP candidate for the Ohio Governor election in 2026.
Forbes recently highlighted Ramaswamy as someone who bounces back quickly, noting his recovery from both his unsuccessful 2024 presidential bid and his DOGE stint. The financial publication's latest figures reveal that none of the political controversies have impacted the billionaire's growing fortune.
The Driving Forces Behind the Wealth Surge
The primary engine behind Ramaswamy's wealth explosion is his pharmaceutical company, Roivant Sciences, which he founded in 2014. A subsidiary of Roivant announced positive results in a Phase 3 trial for an autoimmune disease drug this year, creating substantial value for the company.
Ramaswamy's stake in Roivant Sciences, comprising approximately 49 million shares, is now worth $1 billion on its own. A spokesperson confirmed to Forbes that these numbers are broadly correct.
Another significant contributor to his wealth is Chapter, a startup he co-founded in 2020. What makes this financial growth particularly impressive is that it occurred despite Ramaswamy pouring $26 million of his own money into his presidential campaign, which he later withdrew.
In his current campaign for governor, Ramaswamy has been more conservative with his personal funds, loaning his campaign only about $200,000 - a small fraction of his substantial fortune. Through the end of July, his campaign had raised $9.7 million overall.
Adding to his personal milestones, Ramaswamy is preparing to become a father for the third time soon. His political stance as an H-1B supporter, coupled with his previous criticisms of American culture and the education system, continues to shape his public profile as he defends why US companies hire STEM workers from foreign countries.
