Ramesh Balwani is an entrepreneur from the United States of America. Ramesh Balwani previously served as president of Theranos Biotechnology Company, a privately held health technology company. He has also served as Theranos’s previous chief operating officer (COO).
Quick Facts
| Full Name: | Ramesh Balwani |
|---|---|
| Gender: | Male |
| Profession: | Entrepreneur |
| Country: | Pakistan |
| Height: | 5 feet 0 inches (1.52m) |
| Marital Status: | divorce |
| Break Up | Elizabeth Holmes |
| Divorce | Keiko Fujimoto |
| Net Worth | $85 million |
| Eye Color | Black |
| Hair Color | Black |
| Nationality | Pakistani-American |
| Ethnicity | Asian |
| Religion | Hindu |
| Education | University of Texas |
Ramesh Balwani Biography
Ramesh Balwani is a 59-year-old businessman. He was born in Pakistan on 13 June 1965 to a Hindu household. However, his actual date of birth is unclear, as Wikipedia states that he was born between March and June 1965. Later in life, his family relocated to India due to the difficulty of surviving as a Hindu in Pakistan. His family then relocated to the United States.
In terms of his personal life, there is no information available regarding his parents or family relatives. He is of Indian-American nationality and Asian ethnic origin.
Ramesh Balwani enrolled in the University of Texas at Austin in 1986 as a member of the Pakistani Students Association. He earned a bachelor’s degree in computer science and artificial intelligence.
In 2003, he returned to school to earn a master’s degree in business administration from the University of California, Berkeley. He met Elizabeth Holmes while he was a student at Berkeley. She was a senior in high school. Additionally, he completed four years in a Stanford University computer science graduate program before dropping out in 2009.
Ramesh Balwani Height and Weight
Balwani is 5 feet 7 inches tall and weighs 68 kilograms, according to online sources. Additionally, both his eyes and hair are black. Apart from this, there is no information about her additional measures.
Career
Balwani formerly worked for Lotus and Microsoft. Balwani joined Theranos in 2009 after Holmes founded it. He lacked knowledge of biological sciences and medical devices, which caused problems. He gave up his chemical engineering degree to focus on Theranos.
His behavior toward Theranos staff was appalling. He was bossy, stubborn, and demanding, said his staff. He was anxious about corporate espionage and kept business interactions secret. Theranos claimed to have automated and miniaturized blood testing using minuscule blood samples. The blood collection instrument was named “nanotainer,” and the analysis machine was “Edison.”
He compared the invention to antibiotics. Balwani spoke beyond his knowledge, which the workers noticed. A 2015 examination found Theranos’ Edison blood-testing device inaccurate. The gadget failed quality-control testing and produced inconsistent outcomes.
In April 2016, the company invalidated all 2014 and 2015 test results. They had to invalidate the results of various traditional tests. CMS warned Theranos in January 2016 after investigating its Newark lab. The CMS proposed a two-year ban on Balwani owning or operating a blood lab owing to its California lab problems.
Balwani, Theranos, and Holmes were charged with fraud on March 14, 2018. Consequently, he faced four US Security Act offenses. According to the SEC, he “built software for Theranos’ technologies and managed staff and operations” Balwani was accused of deceiving pharmacies, food outlets, and investors.
The charges against Theranos also involved FDA communications (FDA). SEC said Balwani lied about Theranos’ lack of FDA permission. A federal grand jury indicted him and Holmes on June 15, 2018, after a two-year investigation by the US Attorney’s Office in San Francisco.
Ramesh Balwani Net Worth
He is, however, an extremely diligent worker. Ramesh Balwani is now unemployed. As of 2018, he was employed for Theranos. As of 2020, his net worth is being assessed. He formerly possessed an enviable net worth of $85 million. Theranos has ceased operations as a firm. His net worth has fallen to $0 as of February 2024.
Ramesh Balwani Wife, Marriage
Ramesh Balwani married Keiko Fujimoto, a Japanese artist, in 2004. The couple later divorced. There is no information on their marriage in detail. They did, however, separate.
Additionally, Balwani had dated Elizabeth Holmes in the past. They met in Berkeley in 2003, when Holmes was a senior high school student of 18 years. Furthermore, their romantic relationship was unknown until Holmes revealed it during her 2017 deposition.
They ended their relationship due to a variety of professional and personal issues. However, Elizabeth engaged to her fiance, William Billy Evans. He is working as a manager of special projects for Luminar Technology in 2019.
