How Vivek Ramaswamy made a fortune before pivoting to politics

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How Vivek Ramaswamy made a fortune before pivoting to politics
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The biotech entrepreneur hopes to avoid the most common fate of self-funded candidates.

conducted in late April found Ramaswamy polled at 4 percent — on equal footing with former U.N. Ambassador Nikki Haley and former Vice President Mike Pence, who has not officially jumped into the race.

FEC filings reveal that so far he spent $10.5 million of his own money on his presidential ambitions in the first quarter, a total that has allowed him to hire staff — primarily to staff his elaborate digital operation — and spend more than $1 million on digital and TV ads in key primary states, according to AdImpact, which tracks political advertising.

While Ramaswamy has not yet filed a mandatory personal financial disclosure , he released 20 years of his individual income tax returns online and to reporters. The filings date back to 2002, the year in which he turned 17 and reported earning $2,000. Axovant, the company that had raked in hundreds of millions of dollars in a 2015 public offering, was one of several subsidiaries of Roivant. Axovant’s first drug, intended to treat Alzheimer’s disease, ultimately failed in clinical trials, leading the company to pivot before eventually dissolving. But drugs developed by other Roivant subsidiaries have since garnered FDA approval.

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