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Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?

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TechTheranos

On the eve of her trial, Elizabeth Holmes is living on the grounds of a $135 million estate

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
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September 7, 2021, 11:23 AM ET

Former Theranos CEO Elizabeth Holmes is in the midst of some tense days as her criminal fraud trial gets underway. But the evenings are anything but.

Holmes and her partner William “Billy” Evans are staying at a home on the Green Gables estate, a 74-acre property that Christie’s Real Estate has referred to as “the ultimate private haven.”

News of the posh quarters was discovered after Evans received a traffic citation in March. That citation showed the new address for the couple. CNBC confirmed the address.

Green Gables is currently on the market with a $135 million price tag. There are multiple homes on the grounds, with a total of 32 bedrooms.

“The estate has long been a gathering place for global dignitaries including European royalty, senators, congressmen, governors, business leaders, and creative luminaries,” says the listing for the property. “In 1965, the United Nations selected Green Gables as the site for its 20th anniversary commemoration gala. Today, the estate offers an unparalleled breadth of homes, natural habitats, and lands for enjoyment, relaxation, and development.”

The grounds boast three swimming pools, a tennis court, orchards, and a vegetable and flower garden. The main estate is also the home of the Buck’s of Woodside restaurant, which is a frequent destination for tech billionaires.

Located in Woodside, Calif., that makes Holmes neighbors with Silicon Valley royalty including Oracle’s Larry Ellison, Charles Schwab, and Intel cofounder Gordon Moore.

Holmes is facing charges of two counts of conspiracy to commit wire fraud and 10 counts of wire fraud. If convicted, she could be sentenced to up to 20 years in prison as well as financial penalties.

In documents released days prior to the beginning of jury selection, Holmes’s attorneys said she plans to defend herself by arguing that Ramesh “Sunny” Balwani, her No. 2 executive and boyfriend at the time, emotionally and sexually abused her, which impaired her state of mind. Holmes will reportedly testify that Balwani controlled how she ate, how she dressed, and with whom she spoke, as well as monitoring her calls, texts, and emails. Holmes’s lawyers say the alleged abuse lasted for nearly a decade.

Opening statements are scheduled to begin on Wednesday.

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About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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