The Hotel Heir And The Convict: Who Is Elizabeth Holmes's Husband, Billy Evans, And His Shocking New Biotech Venture?

The story of Elizabeth Holmes, the disgraced founder of Theranos, continues to unfold with dramatic new chapters, even as she serves her sentence at Federal Prison Camp (FPC) Bryan in Texas. As of December 2025, the most compelling figure orbiting her life is her husband, William "Billy" Evans, a San Diego hotel heir whose unwavering support and recent professional moves have thrust him into the spotlight, raising eyebrows across Silicon Valley and the biotech industry. The couple's unusual life—marrying amid a massive fraud trial and welcoming two children—is now defined by Holmes's incarceration and Evans's controversial decision to launch a new diagnostics company. This article provides the most current and in-depth look at Billy Evans, his family life with Holmes, and the details surrounding his new venture, Haemanthus, a blood-testing startup that many critics are already dubbing "Theranos 2.0." The contrast between Holmes's minimum-security prison life and Evans's pursuit of a new biotech future creates a fascinating, and deeply scrutinized, narrative that demands a closer look at the man who stood by her side through one of the biggest corporate fraud cases in history.

Elizabeth Holmes: A Brief Biography and Current Status

Before diving into the details of her husband, it is crucial to understand the context of Elizabeth Holmes's current situation. Once hailed as the youngest self-made female billionaire, her fall from grace is a cautionary tale of ambition and deception in the health technology sector. She is currently known by her married name, Liz Evans, and is serving a sentence of 11 years and three months.

• Full Name: Elizabeth Anne Holmes (now reportedly Liz Evans)
• Born: February 3, 1984 (Age 41 as of late 2025)
• Place of Birth: Washington, D.C.
• Education: Dropped out of Stanford University School of Engineering at age 19.
• Career: Founder and CEO of Theranos (2003–2018).
• Net Worth Peak: $4.5 billion (2014, Forbes) - Re-evaluated to zero in 2016.
• Conviction: Convicted in January 2022 on four counts of defrauding investors (three counts of wire fraud and one count of conspiracy to commit wire fraud).
• Sentence: 11 years and 3 months (135 months).
• Incarceration: Began May 30, 2023, at Federal Prison Camp (FPC) Bryan, a minimum-security federal women's prison in Bryan, Texas.
• Expected Release Date: Due to good behavior and sentence reduction, her release date is currently expected to be in 2037.
• Children: Son, William Holmes Evans (born July 2021), and daughter, Invicta (born 2023).

The Man Behind the Prison Visits: Who is William "Billy" Evans?

William "Billy" Evans is more than just Elizabeth Holmes’s husband; he is a key figure in her personal life who has remained fiercely loyal despite the catastrophic fallout of the Theranos scandal. His background is one of significant wealth and privilege, a stark contrast to the start-up world Holmes once dominated.

The Evans Hotels Dynasty

Billy Evans is the heir to the Evans Hotels group, a well-established hospitality empire based in San Diego, California. The company was founded by his paternal grandparents, William and Anne Evans, and includes prominent properties like the Lodge at Torrey Pines and the Bahia Resort Hotel. This family connection provides Evans with substantial financial resources, which has been crucial in supporting Holmes through her lengthy legal battles and the birth of their two children.

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A Relationship Forged in Controversy

Evans and Holmes began dating in 2017, just as the Theranos story was unraveling following the initial exposé by The Wall Street Journal. They became engaged in early 2018 and reportedly married in a private ceremony in 2019. The relationship was controversial from the start, with critics suggesting that Holmes’s new life, complete with a powerful, wealthy partner, was a calculated attempt to soften her public image and garner sympathy during her criminal trial. Evans was a constant presence throughout the monthslong proceedings, often seen accompanying her to the courthouse.

Family Life and the Children

The couple has two young children, both born during the legal proceedings. Their son, William Holmes Evans, was born in July 2021, just days before her criminal trial began. Their second child, a daughter named Invicta, was born in 2023, shortly before Holmes was required to report to FPC Bryan. The name 'Invicta'—Latin for 'unconquered'—has been a subject of intense media speculation, with many viewing it as a defiant statement regarding her conviction. Evans frequently visits Holmes at the minimum-security facility, bringing their children to maintain their family bond despite the circumstances.

The Haemanthus Controversy: Billy Evans's New Blood-Testing Startup

In a stunning and highly scrutinized development, Billy Evans has launched his own biotech startup, a diagnostics company named Haemanthus. The company's very existence has sent shockwaves through the tech and medical communities, immediately drawing parallels to the colossal failure and fraud of Theranos.

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A Name Steeped in Irony

The name Haemanthus itself is loaded with symbolism. It is the genus name for a flower commonly known as the "blood lily," a choice that seems almost deliberately provocative given the context of his wife’s conviction for a blood-testing fraud scheme. Haemanthus bills itself as "the future of diagnostics" with "a radically new" approach, a phraseology that echoes the audacious, yet ultimately false, claims made by Theranos.

Avoiding the "Theranos 2.0" Label

Evans and his new company are acutely aware of the intense scrutiny. Reports indicate that Haemanthus has been quick to insist that it is not a replica or sequel to Theranos. However, the decision by the husband of a convicted felon in the same exact industry—wire fraud related to blood testing—is a public relations nightmare and a massive hurdle for investor confidence. The company is actively seeking funding, but the shadow of the Theranos scandal, which also involved Holmes's former romantic and business partner Sunny Balwani, hangs heavy over the venture.

Topical Authority and Ethical Questions

The launch of Haemanthus raises profound ethical and topical authority questions. The biotech world operates on trust, and Evans's association with Holmes is arguably the most toxic brand connection possible in the health technology space. Investors and the public are left to wonder about the source of his expertise, the vetting process for the technology, and whether any of the money raised could indirectly benefit Elizabeth Holmes, who is currently obligated to pay restitution to her victims. The venture is a bold, some would say reckless, move that ensures the Holmes-Evans saga remains a fixture in the news cycle for the foreseeable future. The story of the Evans family—from hotel heir to biotech entrepreneur—is now inextricably linked to the legacy of Theranos and the ongoing reality of life at FPC Bryan.

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