1. Where is Ramaswamy on abortion?
2. Where is Ramaswamy on Israel?
NEWSWEEK——ironically, Ramaswamy’s anti-”woke” campaign is being bankrolled by profits reaped from the very policies he denounces.....ESG.
<><>Ramaswamy funded his campaign thru the sale of over $32M in his Big Pharma firm, Roivant’s, stock options in Feb 2023.
<><>We are lead to believe Bermuda-based Roivant is thriving and that he is a great entrepreneur.
<><> Except the company reported staggering $1.2B loss in its 3/23 financial report.
<><>Not a a one-time slump: In March 2022, when Ramaswamy was still Roivant’s chairman and a major shareholder, the company reported an annual loss of $924.1 million.
<><>Roivant’s finances were abysmal under Ramaswamy’s watch.
<><>During his tenure in 2019, the company’s net operating loss exceeded $530 million.
<><>By 2020, the losses had doubled to over $1B, accompanied by a 65% decline in revenue.
These numbers raise a puzzling question:
How can a company consistently bleeding billions be publicly traded at over $10 a share?
While Ramaswamy vocally opposes ESG principles, Roivant’s major institutional investors—including Morgan Stanley, Viking Global, and BlackRock, the very firms he criticizes by name—are among its largest stakeholders, owning over 500 million shares.
Ramaswamy himself holds more than 80 million shares, making him an essential partner of these major ESG funds.