Public Health

Elizabeth Holmes remains on a $ 135 million estate in Silicon Valley during the Theranos Trial

WOODSIDE, CALIF. – On the same day that former Theranos CEO Elizabeth Holmes was granted a delay in her criminal fraud process because of pregnancy, her partner was issued a traffic order.

William “Billy” Evans received a subpoena on March 17 for “failing to report,” according to San Mateo County court records.

The quote revealed a new address for the couple: a house on the ultra-leafy grounds of Green Gables, one of America’s most expensive properties.

CNBC has independently confirmed that Holmes and Evans currently reside in one of the homes on the 74-acre property. The fabled property, currently for sale for $ 135 million, is located in Woodside, one of the richest cities in Silicon Valley. The opening statements in their process begin this week.

The Green Gables website features “an architectural masterpiece in the most beautiful setting in nature”.

Four pools adorn the grounds, including a stadium-sized Roman pool, tennis court, flower and vegetable garden, and a reservoir reserved exclusively for the property. Built in 1911, Green Gables is reminiscent of an enchanted forest with deer running through the property.

Christie’s International Real Estate and Compass Real Estate handle the listing. Over the years the property has hosted kings, politicians, the Silicon Valley elite, and even the United Nations 20th Anniversary Gala. And now you can add Holmes to that list.

The main house in the English country house style is a 10,000 square meter “arts and crafts house” with nine bedrooms, according to the website. The other six houses on the property are more modest, including the one where Holmes and her partner live. A court clerk confirmed to CNBC that the address in Evans’ quote was one of the houses on the Green Gables estate.

The town of Woodside is 25 miles from the San Jose Federal Court, where Holmes faces a dozen wire fraud charges and wire fraud conspiracy charges. It is home to some of the biggest names in Silicon Valley, including billionaires Larry Ellison (co-founder and CEO of Oracle), Charles Schwab, Gordon Moore (co-founder of Intel), and venture capitalist John Doerr.

On the main street of the city, a shopkeeper told CNBC, “If you want to hide, this is where you hide.” Another described it as a place “where people lie down”. The quaint, quaint town includes a Michelin-starred restaurant that is often spotted by billionaires, a small bakery, and a local grocery store. Local residents said they haven’t seen Holmes recently.

Jury selection in the process began last week after four delays, including one in March due to Holmes’ pregnancy.

Zackary Wright, Christie’s Executive Director / Western Regional Manager, told CNBC, “I really can’t comment on the tenants on the property.” When asked about Holmes, Helen Miller, one of the listing agents at Compass, said “I know she isn’t.”

Miller said there was “quite a bit of interest” in purchasing the property, noting that four of the homes on the property are available for rent annually. The property also hosts around 10 weddings each summer.

According to the property’s website, San Francisco-based banker and businessman Mortimer Fleishhacker built the property as a summer vacation for his family. It has been passed on to several generations. In a promotional video, one of Fleishhacker’s great-grandchildren said, “What he created at Green Gables is indisputably one of the great private real estate gems in the world.”

Holmes’ attorneys did not respond to CNBC’s request for comment.

Holmes’ life outside of court has been the subject of much speculation. In 2019, a staff member at the Michelin-starred Spruce restaurant in San Francisco told CNBC that he had seen Holmes eating there several times. That same year, CNBC learned that Holmes and Evans lived in a two-bedroom, $ 5,000-a-month apartment in San Francisco’s Russian Hill neighborhood.

Outside of the media hype at the Holmes courthouse, Evans and her newborn baby are holding back for the time being – they lead a very different life than when they were CEO of Theranos. During this time, Holmes has graced the front pages of magazines, was named one of the Times 100 Most Influentials, hailed as “Next Steve Jobs” by Inc. Magazine, and “The World’s Youngest Self-Made Billionaire” by Forbes.

She associated with politicians, celebrities and CEOs. But their star power began to implode after a series of reports by former Wall Street Journal reporter John Carreyrou were published that revealed that their Theranos’ blood testing technology was not working.

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