Vikrant Shekhawat : Nov 14, 2024, 11:40 AM
Donald Trump News: The presidential elections in the US are over, and Donald Trump is going to form his new government. This time a special name will be seen playing a key role in the Trump administration - 39-year-old Vivek Ramaswami, who is known for his excellent management of his companies and earning billions of dollars in assets by selling them. With his business vision and financial acumen, Vivek will now lead a new government institution, the "Department of Government Efficiency" (DOGE), along with Trump. In this special department, he will work with Elon Musk, one of the richest men in the world.Billionaire Vivek Ramaswami: A unique story of hard work and profitVivek Ramaswami is known as a self-made billionaire. Vivek, who studied at Harvard University and Yale Law School, calls his economic policy "Excellence Capitalism". He believes that capitalism can unite America and through this national interests can be revived. He wrote his success story by investing at the right time in biotech, technology, cryptocurrency, and asset management.Secret of success: Building and selling companiesVivek Ramaswami's success began with his biotech company "Roivant Sciences". Founded in 2014, the company focused on drugs that were ignored by other companies. In 2016, he launched a subsidiary called "Myovant Sciences", which made a splash in the market through its IPO. Subsequently, in 2020, Japanese company Sumitomo Dainippon acquired Roivant's portfolio of drugs and also bought a 10% stake in Roivant. This earned Vivek a profit of about $176 million.In 2021, Roivant's valuation reached $7.3 billion, with Vivek's 7% stake being worth about $511 million. Vivek's investments are not limited to biotech alone; He has also invested in stocks, bonds, emerging technology companies, and cryptocurrencies such as Bitcoin and Ethereum.Doge's leadership in Trump governmentVivek Ramaswami has been given the responsibility of "Department of Government Efficiency" in Trump's new government. This department has been created to cut government spending and reduce unnecessary regulations. Along with this, the purpose of this department is to reform the American bureaucracy and lead Trump's "Save America Campaign". Vivek and Elon Musk will work together in this department to make the government more efficient and accountable.This new responsibility of Vivek Ramaswami is considered to be very important for the Trump government. His business acumen and innovative approach have increased the hopes of improvement in the government structure. This move of Vivek will not only increase the efficiency of the government but will also make the vision of a strong and unified America a reality.