Wealthy Indian-origin investor Vivek Ramaswamy announces US presidential bid

He is the author of 'Woke, Inc.' and gained stature in conservative circles for his criticism of the corporate governance movement that aims to promote socially responsible investing

By AP

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Reuters file photo
Reuters file photo

Published: Wed 22 Feb 2023, 8:45 AM

Vivek Ramaswamy, a wealthy biotech entrepreneur and investor and the author of “Woke, Inc.,” has entered the Republican race for president.

In a video released Tuesday night, Ramaswamy, 37, formally launched his longshot bid by decrying what he called a “national identity crisis” that he claims is driven by a left-wing ideology that has replaced “faith, patriotism and hard work” with “new secular religions like Covid-ism, climate-ism and gender ideology."

“We have obsessed so much over our diversity and our difference that we forgot all the ways we’re really just the same as Americans," he says.

In a Wall Street Journal editorial published at the same time, he pledged to repeal civil service protections for federal workers if he wins, as well as work to eliminate affirmative action, including directing the Justice Department to prosecute “illegal race-based preferences."

Ramaswamy enters what is expected to be a crowded Republican field that already includes former President Donald Trump and his former ambassador to the United Nations, Nikki Haley.

Born in Ohio, Ramaswamy, the son of Indian immigrants, founded a biotechnology company before becoming the partner of a hedge fund. He is the author of the books Woke, Inc. and Nation of Victims and gained stature in conservative circles for his criticism of the environmental, social and corporate governance movement that aims to promote socially responsible investing.

He has made a name for himself not only as the founder of pharmaceutical research company Roivant Sciences, and executive chairman of Strive, an asset management firm, but also because of his rhetoric, aimed at capturing the 'American identity'. He has made appearance on multiple US talk shows, including the famous Tucker Carlson show, always repeating his warnings about the dangers of 'wokeism'.

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