Ramesh “Sunny” Balwani, commonly known as Ramesh Balwani, is a businessman and former president and COO of Theranos, a privately held health technology company founded by his then-girlfriend Elizabeth Holmes founded.
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- Full name: Ramesh “Sunny” Balwani
- Stage name: Ramesh Balwani
- Date of birth: June 13, 1965
- Age: 58 years old
- Place of birth: Pakistan
- Nationality: Pakistani
- Occupation: businessman
- Height: 5’7
- Parents: Mr. and Mrs. Balwani
- Siblings: unknown
- Spouse: Elizabeth Holmes
- Children: none
- Single status
- Net worth: Unknown
Early life and education
Ramesh Balwani was born on June 13, 1965 in Pakistan. He was raised by his parents, whose names are unknown in the media but can be referred to as Mr. and Mrs. Balwani.
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There is no information about his siblings, and there is no information about his educational background.
Career
Ramesh “Sunny” Balwani is a businessman best known for his role as chairman and CEO of Theranos, a now-defunct medical technology company.
Theranos was founded by Balwani’s then-girlfriend Elizabeth Holmes and was once valued at $9 billion.
However, the company was later exposed for defrauding investors and patients, and Balwani and Holmes were convicted of fraud.
Together, they raised millions of dollars in funding and attracted attention from major investors and media outlets.
However, the blood testing technology never worked as promised and the company eventually faced legal and financial troubles.
In 2018, both Holmes and Balwani were charged with fraud by the US Securities and Exchange Commission.
Theranos has raised hundreds of millions of dollars from investors, and Balwani plays a key role in the company’s operations.
He oversees the company’s product development, marketing and sales. However, Theranos’s blood testing technology never worked and the company was eventually defrauded.
In 2015, The Wall Street Journal published an article exposing Theranos’s blood testing technology as a scam. The company’s investors and partners quickly abandoned Theranos and the company collapsed.
In 2018, Balwani and Holmes were indicted on federal charges of wire fraud and conspiracy to commit wire fraud.
The trial began in September 2021 and in January 2022, Balwani was found guilty of all 12 counts against him. He was sentenced to 12 years and 11 months in prison.
Social Media
Ramesh does not have a social media account.
Personal life
Balwani, 58, was in a long-term relationship with Theranos founder Elizabeth Holmes.
They met in 2002 when Holmes was a student at Stanford University and Balwani was working at venture capital firm Draper Fisher Jurvetson in Silicon Valley.
Their relationship ended in 2016 when Theranos’ problems came to light. There is no public information about whether Balwani has children, and the couple’s personal lives have been overshadowed by the legal and financial consequences of Theranos’s collapse.
Net value
It is difficult to determine the exact net worth of Ramesh “Sunny” Balwani but it is estimated to be in the millions of dollars.
However, given his conviction and sentence for fraud related to his role at Theranos, this number is likely to be significantly lower than previously believed.
Balwani’s involvement in the Theranos scandal led to financial losses and damaged his reputation and credibility in the business world.
Additionally, he may face legal consequences and penalties in the future, further affecting his net worth.
Source: https://anhngunewlight.edu.vn
Category: Biography