WATCH: Vivek Ramaswamy says money is not going to be an issue in his 2024 bid

When Republican presidential candidate Vivek Ramaswamy was asked by Fox News host Maria Bartiromo on Sunday how he is going raise enough cash to "actually make a difference" in the 2024 election, he said, "Money is not going to be our issue."

"Maria, I’ll tell you what I didn't do, which is what most candidates do, which is ring a tin can and to take a hat in hand to beg a bunch of donors for permission to run," he said on Sunday.

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The 37-year-old multimillionaire added, "I did not do that because I’ve been privileged to live the full arc of the American dream. I wasn't born rich, but I've built companies and had success, and I’m investing heavily in the campaign."

Ramaswamy is a first-generation Indian American lawyer and biotech mogul with an estimated net worth of $700 million.

He has been listed by Forbes in its "America's Richest Entrepreneurs Under 40." He pulled off the biggest initial public offering in U.S. biotech history by listing shares of Axovant, a company developing a new Alzheimer's drug. In February, he sold 4 million shares in biotech firm Roivant Sciences for a total of $32 million, allegedly to help finance his presidential bid.

In 2022, he co-founded Strive Asset Management, a financial firm that takes on environmental and social governance investments to compete with financial investment firms. He wrote in his 2021 bestselling book Woke, Inc.: Inside Corporate America's Social Justice Scam about the toxic environment of corporate culture affecting the country.

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Despite his wealth, he told Bartiromo on Sunday that it will be the "grassroots uprising of small-dollar donors that want to take this America First agenda to the next level."

He said he's already seen a "wave of support" in his first week of the race and is seeing people "hungry" for an agenda with "specificity and solutions."