🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

Who is Vivek Ramaswamy, Republican presidential hopeful?

Published 08/23/2023, 08:38 AM
Updated 08/24/2023, 08:50 AM
© Reuters. Republican presidential candidate Vivek Ramaswamy speaks at Erick Erickson?s conservative political conference "The Gathering" in Atlanta, Georgia, U.S. August 19, 2023. REUTERS/Cheney Orr/File Photo

By Tim Reid

(Reuters) -Vivek Ramaswamy, a multimillionaire former biotech executive, has a chance to build on the attention he has been getting in the race for the 2024 Republican presidential nomination at Wednesday night's debate.

Here are some facts about Ramaswamy's life and career:

A HINDU RAISED IN THE AMERICAN MIDWEST

Ramaswamy, 38, was born in Ohio to immigrant parents from southern India. He was raised in the Hindu faith of his parents, but went to a Catholic high school. He earned a biology degree at Harvard University before moving on to Yale Law School.

Ramaswamy worked as a hedge fund investor and says he had already made several million dollars before graduating from Yale. In 2014 he founded his own biotech company, Roivant Sciences, which bought patents from larger companies for drugs that had not yet been fully developed and marketed. He resigned as CEO in 2021. In 2023 the business magazine Forbes estimated Ramaswamy's wealth at $630 million.

A FORMER LIBERTARIAN RAPPER WITH A PATCHY VOTING RECORD

Ramaswamy says he was a libertarian during college. While at Harvard, he would perform libertarian-themed rap songs under the stage name "Da Vek". He has reprised some of his rap skills on the campaign trail this year. His performance of Eminem's 'Lose Yourself' at the Iowa State Fair this month went viral on social media.

Ramaswamy says he voted for a libertarian in the 2004 presidential election, but did not vote in 2008, 2012 or 2016. He has contributed to both Republican and Democratic candidates. He says he voted for former Republican President Donald Trump in 2020.

AN "ANTI-WOKE" CRUSADER

In recent years Ramaswamy has become a fierce conservative. In his 2021 bestseller 'Woke, Inc.', Ramaswamy decries decisions by some big companies to base business strategy around social justice and climate change concerns, and lambastes "wokeism" as an insidious influence on hard work, capitalism, religious faith and patriotism. The book raised Ramaswamy's profile among conservatives, and he began his rapid ascension as a right-wing star.

REPUBLICAN PRESIDENTIAL CAMPAIGN

Ramaswamy declared his campaign for president in February, at a time when his bid looked like a long shot. Ramaswamy still languishes in the single digits in most polls but has been gaining on many of his rivals, most notably Florida Governor Ron DeSantis, who is now fighting to retain his second-place status.

Ramaswamy has been a fierce defender of Trump while seeking to appeal to Christian evangelicals, an important part of the Republican primary electorate. Although a Hindu, Ramaswamy has been telling voters that the U.S. is based on "Christian values" and "Judeo-Christian values" and has described himself as an American nationalist.

© Reuters. Republican presidential candidate Vivek Ramaswamy speaks at Erick Erickson?s conservative political conference

His policy positions are mostly deeply conservative. He opposes affirmative action and supports state-level bans on abortion after six weeks, with exceptions for rape, incest and if the mother's life is in danger. He wants to greatly expand the powers of the presidency and dismantle much of the federal government, including the FBI, the Department of Education and the tax-collecting Internal Revenue Service.

He opposes NATO membership for Ukraine and has said Kiev should make concessions to Russia to end the war, including allowing it to retain parts of Ukraine it already occupies.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.