Forbes November 13, 2024
John Hyatt

Donald Trump just named Elon Musk and Vivek Ramaswamy as co-heads of a new Department of Government Efficiency, also known as DOGE. Here’s how Trump’s onetime rival Ramaswamy built his fortune.

By John Hyatt, Forbes Staff

UPDATE, November 13, 2024: On November 12, a week after Donald Trump won the presidential election, he named billionaires Elon Musk and Vivek Ramaswamy as co-heads of a new entity, the Department of Government Efficiency. Already nicknamed DOGE, it is tasked with cutting wasteful expenditures, slashing excessive regulations and restructuring federal agencies.

“This is truly a once-in-a-century opportunity. We will be radically transparent about the government waste we uncover,” Ramaswamy posted on X on Thursday, November 13. Here’s the inside story—first published by Forbes...

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