Ramesh Balwani Family and Net Worth – Ramesh Balwani is an American businessman who is the former president and chief operating officer of Theranos has a Net Worth of $85 Million.
|Birthday||13 June 1965|
|Education||University of Texas, Austin (BS)|
Ramesh Balwani is a former president and CEO of Theranos, a privately held health technology firm created by his then-girlfriend Elizabeth Holmes. Theranos claimed to have developed a groundbreaking blood test that relied on very little volumes of blood, such as that obtained from a fingerstick. Starting in 2015, Theranos was chastised in the media for making dubious claims and procedures. The firm was finally forced to declare bankruptcy. Federal prosecutors charged Balwani and Holmes with running the business as a multimillion-dollar scam to swindle investors and patients. Holmes has been found guilty and will be sentenced soon. The trial for Balwani is set to commence in March 2022.
Ramesh Balwani Family and Parents
Ramesh Balwani was born into a Sindhi family in Pakistan. According to Balwani’s personal lawyer, the family eventually migrated to India “since being a Hindu in a largely Muslim country like Pakistan was exceedingly tough.” They afterwards moved to the United States. Balwani enrolled at the University of Texas in Austin as an undergraduate student in 1986, where he was a member of the Pakistani Students Association. He earned a bachelor’s degree in information systems.
|Mother Name||Not Available|
|Father Name||Not Available|
|Sister Name||Not Available|
|Brother Name||Not Available|
Ramesh Balwani Wife Keiko Fujimoto
Balwani was in a romantic relationship with Elizabeth Holmes during his tenure at Theranos.Holmes met him in 2002 at age 18, while still in school. He was 19 years older than Holmes and married at the time.Their relationship was not disclosed to their Theranos investors.
On November 29, 2021, while on trial, Holmes testified that she had been raped while she was a student at Stanford and that she had sought solace from Balwani in the aftermath of the incident.She also said that during her romantic relationship with Balwani, which lasted more than a decade, he was a very controlling figure and that he berated and sexually abused her.
Ramesh Balwani Net Worth
Ramesh Balwani has an estimated Net Worth around $85 Million in 2022.He earns a good fortune from her hard work hard work , which he devotes a lot of time to and where he presents oneself entirely.
|Net Worth ( 2022 )||$85 Million|
|Income Source||American businessman|
|Yearly Income / Salary||Under Review|
|Monthly Income / Salary||Under Review|
Ramesh Balwani Net Worth Growth
|Net Worth in 2022||$85 Million|
|Net Worth in 2021||$75 Million|
|Net Worth in 2020||$65 Million|
|Net Worth in 2019||$55 Million|
|Net Worth in 2018||$45 Million|
|Net Worth in 2017||$35 Million|
Ramesh Balwani Age, Height and Weight
|Eye Color||Not Available|
|Hair Color||Not Available|
Ramesh Balwani Ethnicity & Nationality
Ramesh Balwani was Born in a Sindhi Hindu family from Pakistan and he is from of South Asian (Pakistani) ethnicity. Ramesh Balwani holds American nationality.
Ramesh Balwani Career
Ramesh Balwan worked for Lotus Software and Microsoft before co-founding CommerceBid in 1998, a software development firm that allowed businesses buy and sell things over the Internet’s nascent infrastructure. Commerce One, another high-valued business development software company, purchased the company in 1999. Balwani joined the new company’s board of directors when the takeover was completed totally with shares. Balwani sold his Commerce One stock in July 2000 for roughly $40 million, right before the company went out of operation and the dot com bubble crashed.
In 2003, he returned to school and graduated with a Master of Business Administration from the University of California, Berkeley.He enrolled in a computer science graduate programme at Stanford University for another four years until dropping out in 2008.Balwani, who was 37 at the time, met Elizabeth Holmes, who was 18 and in her senior year of high school, while enrolled at Berkeley.Holmes attended Stanford University for his undergraduate degree in chemical engineering, but dropped out to focus full-time on Theranos.
He began working for Theranos in 2009. As president, he was in charge of the company’s day-to-day operations. Due to the lack of medical professionals on the company’s board of directors and Balwani’s actions, he had no expertise in biological sciences or medical devices, which created an issue. Former Theranos employees regarded him as overbearing, uncompromising, and obsessed with industrial espionage to the point of paranoia. ( Source Wikipedia and News Websites )