The Yale-educated former Obama administration aide, who is set to launch his own talk show geared toward millennials on MSNBC in January, has been linked to heiress Jemima Khan and fashion designer Tory Burch.
But the dashing young intellectual is also reportedly close to Jon Lovett, President Barack Obama's former speech writer, who is openly gay.
According to New York Post columnist Richard Johnson, Mr Farrow has come under pressure from the LGBT community to come out of the closet as gay.
However, a friend of the 25-year-old man told the Page Six writer that Ronan Farrow does not like putting labels on his sexual orientation.
'He's been with guys, but he's also bee with girl,' the unnamed source said. 'He's open about both.'
Another acquaintance of Farrow’s told the Post that he does not define himself as gay, straight or even bisexual.
A female friend of Ronan's, who spoke to Johnson on condition of anonymity, said that the two of them have been in a romantic and sexual relationship for some time now.
In an opinion piece written by Christopher Glazek for Vice Magazine a week ago, the author claimed that Ronan Farrow had sex with several of his male friends.
The Vice article was penned in response to recent profiles of Ronan Farrow that appeared in Vanity Fair and New York Times.
Glazek lamented that while both publications had no qualms about revealing intimate details of Ronan’s life, including questions about his paternity, neither the Times piece nor the Vanity Fair article mentioned his sexual orientation.
It was announced last month that Farrow, the former White House foreign policy adviser and Rhodes Scholar, will join the MSNBC lineup in mid-January.
Calling the huge attention that followed his mother's admission in the October issue of Vanity Fair that Frank Sinatra could 'possibly' be his father a 'distraction', Farrow tried to play down the rumor saying, 'It's a story that's been out there for a long time.'
His new show is expected to be closely allied to his strong activism in the fields of human rights, especially those of young people.
While he has no anchoring experience with a large network, MSNBC is said to understand that there may be teething problems and pointed to their entire prime-time lineup of Chris Hayes, Rachel Maddow and Lawrence O'Donnell - none of whom arrived on screens through traditional channels.
However, in his capacities as a foreign policy official in the first Obama administration, the United States' first Special Adviser for Global Youth during the Arab Spring revolutions and a US diplomat focused on the conflict in Afghanistan and Pakistan - Farrow has made repeated appearances on MSNBC and CNN.
He has also written about human rights and foreign policy for the New York Times, the Los Angeles Times and the Wall Street Journal, so is not light on journalistic experience.
Farrow is the only possible biological son of Mia Farrow and Woody Allen and his resume has all the hallmarks of a genius.
He was admitted to Yale Law School at the age of 16 and has also been a prolific journalist and activist for child advocacy issues, especially in Africa.
A member of the New York Bar, Farrow, like his mother, Mia, has shown a special interest in protecting children caught in armed conflict zones and those suffering with AIDS.
Rumors about the parentage of her son Ronan, 25, have long dogged Mia Farrow, and she finally addressed the issue in an interview with Vanity Fair saying the legendary crooner was 'possibly' his father.
Farrow, now 68, said that Sinatra was the great love of her life, and says, 'We never really split up.'
When Vanity Fair asked Sinatra's daughter about Ronan being treated as if he were a member of her family, Nancy Sinatra Jr told them: 'He is a big part of us, and we are blessed to have him in our lives.'
In 1980, Farrow started a long-term relationship with Woody Allen, although the two never lived together. Farrow became Allen's muse and starred in 13 of his films, most notable Hannah And Her Sisters in 1986.
Her relationship with Allen ended in 1992 when she discovered he was having an affair with her oldest adopted daughter, Soon-Yi Previn, then 22.
It was believed that the news Allen may not be his father could be welcome to Ronan - the pair had a very public falling out when Allen began his romantic relationship with Previn.
'He's my father and married to my sister. That makes me his son and his brother-in-law. That is such a moral transgression,' Ronan has said.
'I cannot see him. I cannot have a relationship with my father and be morally consistent... I lived with all these adopted children, so they are my family. To say Soon-Yi was not my sister is an insult to all adopted children,' Ronan said of the relationship.
Following the discovery of naked photos of Soon-Yi in Woody's possession, Farrow launched a messy custody battle over their three children.
And the strained relationship with his father doesn't seem to have held Ronan back; and he has been deemed a child prodigy.
He enrolled in Bard College at the age of 11, graduating at 15, and moving on to the prestigious Yale Law School and graduating by the age of 21- a year younger than most students finish their undergraduate degree.
Since leaving school, Ronan has worked as a special adviser to the State Department, specifically focusing on the youth issues in Afghanistan and Pakistan.
He has lent his face and name to charitable causes for years, serving as a UNICEF spokesperson from 2001 to 2009.
After working under Hillary Clinton in the State Department, Ronan is now moves into the ranks of her husband, former president Bill Clinton, with Monday's Rhodes scholarship nomination.
lol @ this title