Ramesh Balwani’s net worth 2023: Ramesh Balwani is an American businessman. Curious to learn more about him? Read on as we take you through the biography, age, height, family, house, personal life, education, salary, earnings, and net worth of Ramesh Balwani. As a bonus, you’ll also learn how Ramesh Balwani made his fortune.
Who is Ramesh Balwani and How Much is He Worth?
| Full Name | Ramesh “Sunny” Balwani |
| Date of Birth | June 13, 1965 |
| Age | 58 Years |
| Profession | Businessman |
| Height | 5 ft 7 in (1.70 m) |
| Nationality | United States of America |
| Source of Wealth | Business |
| Annual Salary | $16 Million |
| Net Worth | $90 Million |
Ramesh Balwani is an American businessman with an estimated net worth of $90 million. Balwani is best known for serving as the president and CEO of Theranos, a privately held health technology company that was founded by his former girlfriend, Elizabeth Holmes.
Balwani, alongside his ex-girlfriend, Elizabeth Holmes was recently accused of defrauding investors, doctors, and patients. After their arrest, Balwani was put on trial in March 2022, while, Holmes was found guilty and is awaiting sentencing.
Early Life
Ramesh “Sunday” Balwani was born on June 13, 1965, into a Sindhi family in Pakistan. His family relocated to India, where he spent most of his childhood days. When Balwani was 21 years old, he moved to the United States.
Education
Ramesh Balwani enrolled at the University of Texas at Austin where he got his undergraduate degree in Information Systems. He worked for Lotus Software and Microsoft after graduating from the university before cofounding CommerceBid, a software development company that helped businesses buy and sell items over the burgeoning Internet; Balwani later sold CommerceBid in 2000.
After gaining a financial stature, Balwani decided to pursue a Masters’s degree in Business Administration at the University of California, Berkeley and graduated in 2003. Balwani later enrolled at Stanford University for a computer science degree but didn’t complete the program.
Career
After working for Loftus Software and Microsoft in 1998, Balwani continued his business career in 2009, when he joined his ex-girlfriend’s company, Theranos as the president of the company. With no training in biological sciences or medical devices, and the absence of medical experts in the company, the company was not in a good state, Balwani was described by the employees as being overbearing due to his unpleasant attitude.
In 2015, Theranos became known for her allegedly false claims to have devised a medical practice called fingerstick, a revolutionary blood test that uses very small amounts of blood extracted from the fingertip. This was called “The Edison blood device.”
A year later, Theranos’ practices were questioned as the company came under huge criticism in the media, which led to her bankruptcy. Balwani was charged by federal authorities with defrauding investors, doctors, and patients. He maintained his innocence and is fighting the charges in court as he was also on a two-year ban from operation or ownership within the company.
In 2018, the Security and Exchange Commission (SEC) charged Balwani and Holmes for raising over $700 million from investors due to the false statements about the business, technology, and financial performance of the company. They were both charged with two criminal schemes; defrauding investors, and the other to defraud doctors and patients. Holmes settled the case out of court without admitting or denying wrongdoing, but Balwani, though claiming his innocence, was still in proceedings. The U.S. District Court Judge had ordered that Balwani and Holmes will face their trials separately, and was scheduled to begin in October 2020.
Personal Life
Balwani was previously married to a Japanese artist, Keiko Fujimoto, but the marriage ended in 2002. Balwani later met an 18-year-old student and founder of Theranos, Elizabeth Holmes which whom he then got into a love relationship during his tenure at Theranos. Their relationship ended ten years later.
Social Media Profile (Instagram, Twitter, Facebook & TikTok)
Ramesh Balwani has no Instagram, Twitter, or Facebook accounts. Balwani is not on any social media platform.
Ramesh Balwani Net Worth, Salary and Earnings 2023
As of November 2023, Ramesh Balwani has an estimated net worth of $90 million. Balwani makes his net worth from his chain of businesses. The businessman also has investments in other businesses which contributes to his wealth and net worth.
Sunny Balwani’s House
Balwani and his ex-girlfriend Elizabeth Holmes have had investments in real estate. In 2013, the couple paid $9 million for a mansion in Atherton, California. Following their breakup, Balwani paid Holmes $7.9 million to buy out Holmes’ 50% stake in the house.
In April 2022, Balwani sold the mansion for $15.8 million.
Summary
Ramesh Balwani is an American businessman with an estimated net worth of $90 million. Balwani is best known for serving as the president and CEO of Theranos, a privately held health technology company that was founded by his former girlfriend, Elizabeth Holmes.
