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Finance

What’s Ramesh ‘Sunny’ Balwani’s Net Worth?

By the time The Wall Street Journal exposed Theranos in 2015, investors understood that nothing Balwani or the company said could be trusted. Theranos claimed to bring in $100 million in revenue in 2014, though later audits showed that the number was actually $100,000.

Because the legitimate revenue was much lower than once proclaimed, the bulk of Balwani’s profits likely came from institutional investors pumping capital into the Holmes-faced Silicon Valley startup. According to the SEC, Theranos raised over $700 million from investors, far exceeding any revenue metrics ever reached.

View more information: https://marketrealist.com/p/ramesh-balwani-net-worth/

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