Vivek Ramaswamy is no longer part of the government efficiency commission that President Donald Trump appointed him to lead alongside billionaire Elon Musk.
Ramaswamy's departure from the Department of Government Efficiency (DOGE) was confirmed just hours after Trump assumed office on Monday.
Ramaswamy, who sought the 2024 Republican presidential nomination, has indicated plans to run for governor of Ohio.
“Vivek Ramaswamy played a critical role in helping us create DOGE,” Anna Kelly, a spokesperson for the commission, said in a statement.
“He intends to run for elected office soon, which requires him to remain outside of DOGE, based on the structure we announced today. We thank him immensely for his contributions over the last two months and expect him to play a vital role in making America great again.”
Ramaswamy, the son of Indian immigrants, amassed hundreds of millions of dollars at the intersection of hedge funds and pharmaceutical research, a career he built while graduating from Harvard University and later Yale Law School. He brought to his presidential campaign the same approach he used to secure investments, even when the drugs he promoted never reached the market.