Vivek Ramaswamy
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Vivek Ramaswamy is an entrepreneur, political commentator, and author. On November 12, 2024, Donald Trump (R) announced Ramaswamy would lead the Department of Government Efficiency alongside Elon Musk. Trump described the Department of Government Efficiency saying it would "provide advice and guidance from outside of Government, and [would] partner with the White House and Office of Management & Budget to drive large scale structural reform, and create an entrepreneurial approach to Government never seen before."[1]
Ramaswamy ran in the 2024 Republican presidential primary. He declared his candidacy on February 21, 2023.[2] Ramaswamy withdrew from the race on January 15, 2024.[3] Click here to read more about his presidential campaign.
Ramaswamy became known in the area of environmental, social, and corporate governance for his 2021 book Woke, Inc.: Inside Corporate America's Social Justice Scam. The book offered an argument against stakeholder theory of the corporation. Ramaswamy stated that he aimed to remove politics from business. Ramaswamy also authored op-eds in The Wall Street Journal, The New York Times, National Review, Newsweek, and Harvard Business Review on the topic.[4][5][6]
Ramaswamy created an asset management fund in 2022 that he said would seek to "restore the voice of the everyday citizen in the economy by advancing a simple worldview in corporate American board rooms: Pursue excellence in your products and services to your customers over any other agenda, including social and political agendas."[7]
Biography
Ramaswamy was born in Cincinnati, Ohio, to Geetha and Ganapathy Ramaswamy, both immigrants from India. The Ramaswamys practiced the Hindu faith.[8] Ramaswamy attended St. Xavier High School in Cincinnati. Following high school, he attended Harvard University, graduating summa cum laude with a degree in biology in 2007.[9] While at Harvard, Ramaswamy co-founded Campus Venture Network with Travis May. In 2013, he graduated from Yale Law School.[8]
Following law school, Ramaswamy was involved in several financial and biotech ventures. He worked at QVT Financial from 2007 through 2014, where he was a partner. In 2014, he founded Roivant Sciences, a biotech holding company. Next, Ramaswamy founded investment firm Strive Asset Management in 2022.[10] As of June 2022, Ramaswamy was also on the boards of directors of the Philanthropy Roundtable, the Foundation for Research on Equal Opportunity, and St. Xavier High School.[4]
Ramaswamy is married to Aproova Ramaswampy (nee Tewari). The couple has two sons.[8]
Career
Education
- Bachelor's degree, biology, Harvard College, 2007
- J.D., Yale Law School, 2013
Work
- 2022-present: Co-founder and executive chairman at Strive Assessment Management
- 2021: Author of Woke, Inc.: Inside Corporate America's Social Justice Scam
- 2015-2021: Founder and CEO at Roivant Sciences
- 2007-2014: Partner at QVT Financial
- 2007-2009: Co-founder and president at Campus Venture Network
Elections
2024
Ramaswamy officially announced his candidacy for the 2024 presidential election on February 21, 2023. Ramaswamy withdrew from the race on January 15, 2024.[3] Click the links below to read more about the 2024 presidential election:
- Vivek Ramaswamy presidential campaign, 2024
- Presidential candidates, 2024
- Democratic presidential nomination, 2024
- Republican presidential nomination, 2024
Stances
Views on ESG
Environmental, social, and corporate governance |
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• What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • Economy and Society: Ballotpedia's weekly ESG newsletter |
Ramaswamy has expressed views opposing environmental, social, and corporate governance (ESG) investing in interviews, statements, op-eds, and books. He has argued that the social purpose of companies should be to produce goods and services that individuals and businesses want and generate profits through the sale of the desired products. Ramaswamy has said ESG distracts from that purpose and has become an avenue through which businesses promote political changes outside of traditional democratic political processes.[11]
In a 2021 opinion piece published in the New York Post promoting his book Woke, Inc.: Inside Corporate America's Social Justice Scam, Ramaswamy said the following:[12]
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Ramaswamy has also argued against banks and asset management companies becoming used for political ends. In an excerpt from his book Capitalist Punishment: How Wall Street is Using Your Money to Create a Country You Didn’t Vote For, which was published as a New York Post opinion article in 2023, Ramaswamy said the following:
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Noteworthy events
Reported as possible 2024 Republican vice presidential nominee
- See also: Vice presidential candidates, 2024
Media reports discussed Ramaswamy as a possible 2024 Republican vice presidential candidate.[14] Former President Donald Trump (R) selected U.S. Sen. J.D. Vance (R-Ohio) as his running mate on July 15, 2024, the first day of the 2024 Republican National Convention.
In 2020, President Joe Biden (D) announced Vice President Kamala Harris (D) as his running mate six days before the start of the Democratic National Convention (DNC). In 2016, both Hillary Clinton (D) and Trump announced their running mates three days before the DNC and RNC, respectively.
Recent news
The link below is to the most recent stories in a Google news search for the terms Vivek Ramaswamy. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.
See also
Footnotes
- ↑ X, "Karoline Leavitt on November 12, 2024," accessed November 13, 2024
- ↑ Politico, "Vivek Ramaswamy announces he will run for president," February 21, 2023
- ↑ 3.0 3.1 Associated Press, "Vivek Ramaswamy suspends his 2024 Republican presidential bid and endorses rival Donald Trump," January 16, 2024
- ↑ 4.0 4.1 Vivek Ramaswamy, "About," accessed June 3, 2022
- ↑ Vivek Ramaswamy, "WOKE INC," accessed June 3, 2022
- ↑ Forbes, "Vivek Ramaswamy," accessed June 3, 2022
- ↑ The Columbus Dispatch, "Columbus-area asset firm says it wants to end politics in boardrooms, but whose politics?" accessed June 3, 2022
- ↑ 8.0 8.1 8.2 ABC News, “What to Know About Republican Presidential Candidate Vivek Ramaswamy,” September 27, 2023
- ↑ WCPO, "Vivek Ramaswamy: Cincinnati Native, Author, and St. X Grad Announces Presidential Run,” February 22, 2023
- ↑ Forbes, “Vivek Ramaswamy,” accessed January 17, 2024
- ↑ Wall Street Journal, "The Anti-Woke Presidential Candidate Who Wants to Crush ESG and Gut the Fed," accessed June 1, 2023
- ↑ New York Post, "Woke, Inc: Why I’m blowing whistle on how corporate America is poisoning society," June 21, 2023
- ↑ 13.0 13.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ Associated Press, "With Trump closing in on nomination, the effective audition to become his vice president is underway," January 22, 2024
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