Businessman, Sunny Balwani Net Worth is Estimated to be $84 Million as of 2024. His wealth primarily comes from his involvement with Theranos, a now-defunct blood-testing startup. Sunny Balwani is an American businessman who is the former president and chief operating officer of Theranos (founded by Elizabeth Holmes). Sunny Balwani’s trial is scheduled to begin in March 2022. Check out David Tepper Net Worth.
Elizabeth Holmes’ net worth was much higher at Theranos’ peak (around $4.5 billion) but due to the company’s collapse and her conviction on fraud charges, her net worth is now considered to be $0. Sunny Balwani made a significant amount of money by selling his shares in Commerce One before the dot-com bubble burst.
What is Sunny Balwani Net Worth?
Sunny Balwani’s Net Worth is $84 Million US Dollars. Sunny Balwani made his money by defrauding investors in Theranos. He served as the company’s president and COO alongside Elizabeth Holmes, the CEO. Balwani’s financial situation is complex due to legal charges he faces related to Theranos’s fraudulent practices.
| Net Worth | $84 Million |
| Annual income | $8 Million |
| Loans and Liabilities | $27 Million |
| Assets and Investments | $53 Million |
| Cars Owned | 10 |
| Yachts | 3 |
Theranos raised over $700 million during its peak, and Balwani held a significant stake in the company. He also had other business ventures and investments before and after Theranos.
Cars
Sunny Balwani owns over 10 luxury cars. Sunny Balwani has recently bought a brand-new BMW X9 at a price of $150,000 USD. Mr. Balwani also owns a Porsche Macanthat’s worth more than $160,000 USD. Sunny Balwani also owns the following cars. Also, see MyPillow CEO Mike Lindell Net Worth.
- Bugatti Chiron
- Lamborghini Huracan
- McLaren GT
Sunny Balwani House
Sunny Balwani lives in a 9,000-square-foot luxury villa in California. This villa has been purchased by Sunny Balwani at a hefty price tag of $16 Million USD. Mr. Balwani has squandered money from Theranos to purchase this property, which is under investigation.
Collection of Expensive Watches
- Jaeger Lecoultre – $300,000 USD
- Patek Philippe – $150,000 USD
- Richard Mille – $250,000 USD
- Arnold and Son – $70,000 USD
- Omega – $90,000 USD
- H. Moser and Cie – $80,000 USD
Sunny Balwani’s involvement with Theranos
- Theranos COO and President: Balwani held leadership positions at Theranos from 2009 to 2016.
- Fraudulent Claims: Along with Holmes, Balwani is alleged to have misrepresented the capabilities of Theranos’ blood testing technology.
- Trial and Conviction: Both Balwani and Holmes were found guilty of fraud in 2022. Balwani was sentenced to 12 years and 11 months in prison.
- Current Status: Balwani’s prison sentence has been put on hold while he appeals his conviction.
Sunny Balwani Net Worth Growth
| Net Worth in 2024 | $84 Million |
| Net Worth in 2023 | $90 Million |
| Net Worth in 2022 | $110 Million |
| Net Worth in 2021 | $70 Million |
| Net Worth in 2020 | $60 Million |
| Net Worth in 2019 | $55 Million |
Sunny Balwani Biography
Sunny Balwani began undergraduate studies at the University of Texas at Austin where he was a member of the Pakistani Students Association.
Sunny Balwani joined Theranos in 2009. He ran the company’s day-to-day operations as its president. Sunny Balwani later became the chief operating officer at Theranos and had a romantic relationship with Ms. Holmes, which has been detailed in emails submitted to the court.
In March 2018, Sunny Balwani and Elizabeth Holmes were charged by the SEC with securities fraud.
What is the growth estimate of Sunny Balwani net worth?
Sunny Balwani is likely going to spend many years in prison for defrauding investors and on the count of criminal conspiracy. This means there is a high chance probability that Sunny Balwani’s net worth is about to turn negative.
The court might also let the authorities seize Sunny Balwani’s assets in order to compensate the investors in Theranos.
Sunny Balwani took 30 years to build his wealth, and one wrong step with Elizabeth Holmes has taken all that away. Sunny Balwani has earned millions through his involvement in the Theranos scandal, and it is time for payback.
In the upcoming decade, Sunny Balwani’s net worth is estimated to grow at a slow pace of 2%, and there are high chances that this growth rate might turn negative in coming two years.
Sunny Balwani’s Net worth is $84 Million.
Sunny Balwani has previously developed successful software products which were later sold to Microsoft. Sunny Balwani also profited from the investors’ money in Theranos.
Sunny Balwani invested $15 Million into Theranos.
No. Elizabeth Holmes was in a live-in relationship with Sunny Balwani. They are not married.
Sunny Balwani met Elizabeth Holmes in 2002 at Stanford University through a knowledge exchange program. Holmes met him at age 18, while still in school.
Sunny Balwani is 58 years old.
Sunny Balwani was married to Japanese artist Keiko Fujimoto.
