Sunny Balwani, aka Ramesh “Sunny” Balwani, was the former president and chief operating officer of Theranos. Ramesh Balwani, the former right-hand man and ex-boyfriend of Theranos CEO Elizabeth Holmes, is shrouded in mystery. Since he’s quite famous for his fraud and many people on the internet searching about his Net Worth and Wealth. So stay tuned because we’re going to give you the inside scoop!
How Rich is Sunny Balwani?
Sunny Balwani Net Worth
$70 Million to $100 Million USD
Sunny Balwani was born in Pakistan in 1965 to a Sindhi Hindu family that immigrated to the United States. According to Balwani’s lawyer, the family eventually migrated to India “since being a Hindu in a largely Muslim country like Pakistan was exceedingly tough.” At the University of Texas at Austin, he majored in information systems.
At blood-testing start-up Theranos, he was the man behind the lab door. In his criminal fraud case, he now takes center stage. Balwani began working for Theranos in 2009. Balwani stepped in and provided a $13 million loan to the company, in financial trouble. He became president and COO six months later. Balwani, according to Holmes, was her mentor and gave her advice on how to run a business.
After authorities discovered severe flaws inside the Theranos laboratory, Holmes said she moved out of the Silicon Valley home they shared in 2016. Later that year, Balwani quit Theranos.
Mr. Balwani began his software career as a Microsoft sales manager. According to what little is known about him, he migrated to the dot-com sector in the early 1990s and joined a company called CommerceBid.com. He was the president of CommerceBid.com, which aimed to cut supplier costs by sparking a bidding war. According to insiders, the young company was quickly purchased for $225 million by a competitor, Commerce One. Commerce One eventually went public, with a market cap of about $20 billion.
The company folded a few years later due to the dot-com bubble. According to reports at the time, Mr. Balwani departed the failed corporation with about $40 million. Balwani’s trial comes only weeks after Holmes was convicted of wire fraud and conspiracy to conduct wire fraud on several counts. As a result, she might be imprisoned for up to 80 years. The date for her sentencing has yet to be set. According to federal authorities, Holmes and Balwani misled investors about a revolutionary technology that may allow anyone to test their blood at home with a finger prick.
When they met in Beijing in 2002, Balwani, a tech mogul, was 18 years older than Holmes, a Stanford student. Balwani is accused of telling Holmes what to eat, isolating her from her family, and putting her on a seven-day-a-week routine. His wife was Keiko Fujimoto, a Japanese artist. Before divorcing in December 2002, Fujimoto and Balwani resided in San Francisco.
The Estimated Net Worth of Sunny Balwan is between $70 Million to $100 Million USD.
(Image Source: TheGuardian, Business Insider)