Indian-origin entrepreneur and Republican politician Vivek Ramaswamy has seen his wealth soar to $1.8 billion, almost double within just nine months, according to a new Forbes report. The sharp rise comes as he campaigns for the Ohio governor’s post, a race he entered in February 2025.
Vivek Ramaswamy Wealth Surge Linked to Biotech Success
Forbes reported that Ramaswamy’s massive jump in wealth does not come from politics, but from his pharmaceutical company, Roivant Sciences. A spokesperson from his team said the Forbes numbers were “broadly correct”.
Roivant, which Ramaswamy founded in 2014, has seen multiple successful deals and soaring stock value, significantly boosting his overall net worth.
Vivek Ramaswamy Net Worth
Vivek Ramaswamy’s net worth has climbed to $1.8 billion, almost doubling from his earlier estimated wealth of around $1 billion just nine months ago, according to Forbes. The jump comes mainly from the soaring valuation of his biotech firm, Roivant Sciences, and the multibillion-dollar sale of its spinoff, Telavant.
His additional stake in the Medicare startup Chapter further boosted his fortune. Forbes noted that the surge was driven by major pharma deals and stock gains—not his political career.
How Vivek Ramaswamy Built His Wealth?
Ramaswamy founded Roivant after leaving hedge fund QVT, where he specialised in pharma investments. In 2015, Roivant’s spinoff Axovant went public with a $3 billion valuation. Although Axovant’s drug trials failed in 2017, Ramaswamy had already sold part of his Roivant stake, reporting $37 million in capital gains that year.
In 2019, Roivant sold several subsidiaries and 10% of the company for $3 billion to Japan’s Sumitomo. Ramaswamy later reported over $170 million in capital gains on his 2020 tax return.
Major Boost After Telavant Deal
Ramaswamy stepped down as Roivant CEO in 2021 and left the board in early 2023 to focus on his presidential run. That same year, Roivant sold its spinoff Telavant to Roche for $7.1 billion, sending its stock up 34%. This deal turned Ramaswamy — who held tens of millions of shares — into a confirmed billionaire.
Other Investments: Stake in Chapter
Ramaswamy also co-founded Chapter, a Medicare navigation startup, in 2020. Bloomberg reported the company raised $75 million at a $1.5 billion valuation this year. Insiders estimate Ramaswamy’s stake is worth around $100 million.
Ohio Governor Bid Gains Momentum
Ramaswamy is now running for Ohio governor, having quit Trump’s Department of Government Efficiency (DOGE) in January. He received endorsements from Donald Trump and Elon Musk. Trump called him “something special”. In May, the Ohio Republican Party officially endorsed him.
Ramaswamy, 39, was born in Cincinnati to Indian immigrant parents. He is married to surgeon Apoorva Tewari, and they have two children. The Ohio gubernatorial election will take place in November 2026.
What This Wealth Rise Means Politically?
Analysts say the surge in Ramaswamy’s wealth strengthens his campaign, giving him financial independence and major visibility. It also places him among the richest political candidates in Ohio’s history.
Some political experts point out that Ramaswamy’s success may attract both supporters and critics — supporters who admire his business achievements, and critics who question wealth concentration in politics.
