Vivek Ramaswamy

Vivek Ramaswamy had a very decent run against Donald Trump for the republican seat in the upcoming presidential election. The entrepreneur turned politician however fell short of coming close to Trump and decided to suspend his run to endorse Trump for the elections. Vivek is now back to business in a literal sense and already creating ripples in the industry.

Vivek bought a 7.7 percent stake in BuzzFeed, a digital publishing company. This purchase has already started to turn fortunes for the company as the company’s share rose more than 50 percent on Wednesday morning.

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BuzzFeed had to shut down its media house last year after struggling to keep up sales. Vivek believes that the company’s stocks are undervalued and wants to talk to the company’s board and management.

Vivek Ramaswamy started building his wealth through the hedge fund and pharmaceutical industry at a time when he was graduating from Harvard and Yale. After his stock purchase in BuzzFeed, the company observed a 59 percent hike in stock prices.

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