Indian-American politician and businessman Vivek Ramaswamy's net worth suddenly jumped by 80 per cent—from about $1 billion in March this year to $1.8 billion by November 2025, a new report estimated.
A spokesperson for Ramaswamy also confirmed that the numbers were "broadly correct", the Forbes report said.
Vivek Ramaswamy’s Net Worth Has Nearly Doubled While He’s Running For Ohio Governor https://t.co/cSYFr3YFQM
— Forbes (@Forbes) November 23, 2025
This comes amid the Republican's bid in the 2026 Ohio governor race, an attempt backed by US President Donald Trump as well, who called him "young, strong, and smart".
Just before the report estimated his net worth at around $1 billion in March 2025, he had been ejected from the Department of Government Efficiency (DOGE), Elon Musk’s effort to slash federal spending, in January 2025, and had also lost a presidential bid in 2024.
According to the report, a huge chunk of his wealth jump was because of Roivant Sciences, a pharma company he founded in 2014 with the goal of buying drugs abandoned by pharma giants and unlocking their value using technology.
Despite Axovant—a company under the Roivant family—tanking hard after failed trials of an Alzheimer's drug in 2017, which forced him to sell a part of his stake in Roivant, investors still flocked to his biotech startup.
The years that followed saw a number of calculated moves that grew the company and his net worth exponentially—from selling five Roivant subsidiaries (plus a 10 per cent stake) to Japanese conglomerate Sumitomo in 2019, to listing the company as public (via a SPAC merger) in 2021.
Years after leaving the Roivant board in 2023, he is still one of the company's biggest shareholders. The Forbes report estimates that his roughly 49 million shares in the pharma firm were worth $1 billion, excluding his stock options—which add another $210 million to his net worth.
The 40-year-old also has a $100 million share in the 2020 startup Chapter, which helps senior citizens navigate Medicare, and a $150 million stake in the "anti-woke" Bitcoin treasury company Strive Asset Management, which he founded in 2022—which, along with small investments in other companies, makes up his $1.8 billion net worth.
In the meantime, politics is also proving to be quite the cash cow, as the governor hopeful's campaign has managed to raise $9.7 million, as of July. This figure includes only $200,000 of his own money—a lesson cleverly learnt after he had put in $26 million of his own money in the presidential bid he once lost.
