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Fortune
Fortune
Jeffrey Sonnenfeld, Steven Tian

Vivek Ramaswamy is threatening GOP heavyweights in the polls–but his business record doesn't live up to the hype

(Credit: Joseph Cress—Iowa City Press/Citizen/USA TODAY NETWORK)

Following Donald Trump’s latest legal travails, the spotlight turned to alternative GOP primary candidates for the 2024 presidential election. Political newcomer Vivek Ramaswamy’s candidacy has taken the GOP field by storm, with Ramaswamy coming out of nowhere to out-poll many candidates with far greater name recognition and political experience such as Mike Pence, Nikki Haley, Tim Scott, Chris Christie, and Asa Hutchinson at one point.

Core to Ramaswamy’s rise is his supposedly successful business track record, with supporters celebrating him as a “billionaire entrepreneur” with a triumphant record of value creation and who is not beholden to the elites. Even The Wall Street Journal’s editorial board has trumpeted Ramaswamy’s supposed business background repeatedly in glowing editorials.

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