Highlights
- Elizabeth Holmes' husband, Billy Evans, has a $10 million net worth primarily derived from his family's successful hotel company, Evans Hotels.
- Despite his financial stability, Evans downplayed his familial wealth.
- Evans has pursued various professional endeavors, including a healthcare startup.
Elizabeth Holmes has achieved so much notoriety as a fraudster that it can be difficult to remember that she was once considered to be the next Steve Jobs. She has spent the last half-decade in court, answering for all of her false claims and the money she accepted from investors. Elizabeth Holmes' children and husband have, consequently, been thrust into the public eye.
Holmes' husband, Billy Evans, has been has been her primary support system, and many have wondered whether her legal troubles have had a negative impact on his net worth as well. Fortunately, Elizabeth Holmes' husband's net worth has not been impacted, and a big reason why is because he is the heir to the Evans Hotel Group.
Billy Evans Has A $10 Million Net Worth Thanks To His Family's Hotel Company
Billy Evans may not have the public profile that his wife does, but he is in a much more stable financial position. According to Distractify, he has an estimated net worth of $10 million, which is derived from various business endeavors and investments, as well as being the heir to the highly lucrative Evans Hotels.
Evans Hotels, LLC. was founded by Evans' grandparents, Anne and William D. Evans, in 1953. The company is primarily based out of San Diego, and Evans' dad, William L. Evans, was added to the management team in 1984. According to the Evans Hotels official website, the company has over 1,200 employees and its properties include:
- luxury boutique hotels
- restaurants
- wellness spas
Evans' familial wealth has helped him, but he made a point of downplaying it when he got romantically involved with Elizabeth Holmes. A source close to the hotel heir told New York Post that he proposed to Holmes with an MIT insignet ring because of the financial scrutiny that Holmes was under at the time:
"He could snap his fingers and have a triple-A diamond engagement ring instantly if he wanted to. But if you give her some extravagant ring, it could end up owned by the feds if she has to give up her material possessions."
Evans' parents were initially worried about his relationship with Holmes, given her reputation, but the family eventually warmed to her.
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The aforementioned source also pointed out that Holmes' reputation has brought lots of attention to Evans, who is looking for a way to develop his own personal fortune. In the source's estimation, their relationship has personal and professional benefits:
"The relationship is opportunistic for the both of them. Elizabeth needs a lot of support in her life right now, and Billy is looking for whatever way he can raise his profile."
Billy Evans Has Started And Worked For Several Companies Since Graduating From MIT
Billy Evans has some professional similarities to Elizabeth Holmes, based on his education. He graduated from the Massachusetts Institute of Technology in 2015, and upon finishing up his studies, he decided to launch a healthcare startup for transporting Chinese people to the United States for "concierge medical attention."
Elizabeth Holmes, of course, rose to prominence when she launched a healthcare startup that promised to revolutionize blood testing. Evans' plan was inspired by the time he spent abroad, studying in China, but his lack of familarity with the country's medical infrastructure, coupled with his inability to speak the language, led to the idea falling through. A source close to the businessman confirmed the story to the New York Post:
"He realized that it’s actually very hard to get in with the affluent Chinese community if you’re not fluent in Chinese, so he dropped that."
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Billy Evans has bolstered his net worth by working at various high-profile companies like LinkedIn and Lumar Technologies. He was listed as a "strategy and analytics leadership program analyst" for the former, and a "manager of special projects" for the latter, though some claimed that his role at Lumar was more nebulous. A former employee claimed:
"He was a bit of a showman. He was wandering around with absolute purpose, but no one knew what that purpose was."
Evans left Lumar Technologies in 2019, with some theorizing that it was due to the negative publicity that his relationship with Elizabeth Holmes was getting. He is currently not listed as having a job on his LinkedIn profile, and when asked by The New York Times reporter Amy Chozick what he did, Evans stated: "A lot of different stuff — investing, starting companies."
Billy Evans Has Provided Financial Support For Elizabeth Holmes And Their 2 Sons
Billy Evans has supported Elizabeth Holmes, both emotionally and financially, throughout her legal proceedings. The couple, who got married in 2019, spent months living in a lavish, 74-acre Green Gables estate in Woodside, CA. The estate was valued at an eye-watering $135 million, according to San Diego Ville, but the couple were forced to relocate after the address was leaked online.
Evans' financial support, and the timing of his relationship with Holmes, has led to some criticism from media outlets. Evans' family voiced concern over the speed with which he decided to marry and have two children with Holmes. Nick Bilton, the host of the Vanity Fair podcast Inside The Hive, theorized that Evans was footing the bill for his wife's legal costs:
"[Evans] is a trust fund baby and has a lot of money, and he's probably helping out with the legal bills because Elizabeth's family doesn't have money either."
Evans lobbied to get Holmes' prison sentence reduced, and penned a 12-page letter to judge Edward Davila ahead of sentencing. He discussed the profound effect that Holmes has had on his life, as well as:
- The struggles Holmes had avoiding the public
- The changes Holmes underwent as a mother
- The difficulty that their children will face without her
Holmes is currently serving an 11-year prison sentence in Bryan, Texas, and Evans currently lives in San Diego with their two sons. Evans' townhouse was purchased by his parents for a staggering $3.25 million, according to Daily Mail, and it comes complete with two bedrooms, three bathrooms and a two-car garage. It's also across the street from the ocean.
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