The face of Donald Trump’s government, who became rich by selling companies, will now assume this great responsibility.

This face will be important in the Trump government

The presidential elections are over in the United States. Donald Trump is going to form his new government and in this government a face who has made a fortune worth billions of dollars by selling many companies will be seen playing a very important role. This person will assume great responsibility in the Trump government, standing shoulder to shoulder with the richest person in the world, Elon Musk.

We are talking about 39-year-old Vivek Ramaswamy, whose greatest identity is to become a self-made billionaire. During the US presidential election, he openly exposed the “power of capitalism.” He will now head a new department, the ‘Department of Government Efficiency’ (DOGE), together with Elon Musk, which will be formed in the Trump administration. Do you know that while accumulating this immense wealth, Vivek Ramaswamy also had to sell many companies, one after another?

Vivek Ramaswami wrote the success story like this

Vivek Ramaswamy studied at Harvard University and Yale Law School. He calls his economic policy “capitalism of excellence.” He believes that with the help of capitalism, America can be reunited.

The most important role in his success is played by his biotechnology company Roivant Sciences. Apart from this, it has earned a lot by investing timely in segments like technology, cryptocurrencies, and asset management. He has appeared on many different Forbes rich people lists.

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History of gaining wealth by selling companies

Vivek Ramaswamy founded the biotechnology company Roivant Sciences in 2014. Initially this company focused on developing and purchasing the rights to those drugs that had been ignored. He worked to market these medications. Subsequently, in 2016 it launched Myovant Sciences, a subsidiary of Roivant Sciences. This company carried out the largest initial public offering of that year.

Innovative sciences played a tremendous role in the rise of Vivek Ramaswamy’s wealth. In 2020, Sumitomo Dainippon, a Japanese company, purchased Roivant’s 5-drug portfolio. He also bought 10 percent of his company for $3 billion. Thanks to this, Vivek Ramaswamy obtained a capital gain of 176 million dollars.

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By 2021, Roivant’s valuation reached $7.3 billion. At the time, the value of Vivek Ramaswamy’s 7 percent stake was $511 million. Furthermore, he invested in many companies in different segments. His portfolio includes investments in stocks, bonds, emerging technology companies, and cryptocurrencies such as Bitcoin and Ethereum.

He will do this great job in the Trump administration.

In the Trump administration, the Department of Government Efficiency is being created. In many ways, it will function as a savings ministry for the government. This will bring a reduction in government spending and work to reduce unnecessary regulations in the country. Additionally, this department will also work to improve America’s bureaucracy. He will lead the ‘Save America Campaign’ promoted during Donald Trump’s election campaign.

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