COLUMBUS, OH — Now we know why Vivek Ramaswamy is so eager to give billionaires like himself a big tax giveaway by eliminating capital gains taxes. 

The vulture capitalist filed his Ohio financial disclosure this week revealing he collected nearly $800,000 in capital gains from a single stock investment in 2025 — more than ten times the annual income of a typical Ohio family.

“Another day and another example of how out of touch Vivek Ramaswamy is with everyday Ohioans,” said Innovation Ohio President and CEO Michael McGovern. "His own finances show us that he stands to personally benefit from a policy that would drain hundreds of millions from Ohio's schools and public services while delivering almost nothing to working families. That's not a tax cut for Ohio — that's a tax cut for Vivek."

 According to his financial disclosure, filed April 6 with the Ohio Ethics Commission, Ramaswamy holds tens of millions of dollars in stocks, investment funds, and equity positions, exactly the asset classes that generate capital gains, including $768,968 from the sale of BlackBerry stock. 

If elected governor, Ramaswamy, whose net worth is estimated to be $1.8 billion, says he would eventually phase out the income tax – starting with the capital gains tax. His plan would cost Ohio communities between $615 and $645 million, according to the Ohio Legislative Services Commission’s analysis of a bill to eliminate the state tax on capital gains. Nearly 82% of the entire cost would go to Ohioans making over $200,000 a year. 

“Rigging the rules for their own benefit might be acceptable to MAGA politicians like Ramaswamy, but Ohioans know that’s not fair,” McGovern said. “Someone running to be in charge of our state should be looking out for our communities, not his own bank account.”