The one-time lauded self-made billionaire Elizabeth Holmes fall from grace has been well documented in the media (most recently in the Hulu series The Dropout), but as the former Theranos CEO awaits prison sentencing, it appears she’s been able to tie up some real estate lose ends.
According to Dirt, the Atherton mansion once owned by Holmes and and then-boyfriend Ramesh “Sunny” Balwani (later COO of Theranos) quietly sold earlier this year for $15.8 million.
The nearly 9,000 square foot home is located on Atherton’s premier street less than one block from the Menlo Circus Club, featuring five bedrooms and seven bathrooms. Updated throughout with a decidedly French influence, per the listing, the design showcases varnished parquet flooring, artistic wall finishes, exquisite window coverings and striking crystal chandeliers.
In addition to the main residence, the property features a one-bedroom guest house. Beyond the gated exterior, the single acre lot includes rows of London lane trees, formal gardens, an extensive inlaid stone motor court, a pool and expansive pavilion.
Dirt reports that Holmes and Balwani used a shell company to buy the home for $9 million in 2013. The pair jointly owned the estate until March 2018, when records show Balwani paid Holmes $7.9 million to buy out Holmes’ 50 percent share.
Balwani then listed the home last fall for $16.8 million, before accepting a final offer of $15.8 million this past January. Reports indicate that software engineer Hansong Zhang and his wife Sally Shi, a managing director at investment bank Oppenheimer Holdings, are the new owners.