Two kids, one courtroom drama, and a family built in the middle of a fraud case that shocked Silicon Valley.
Elizabeth Holmes, the former Theranos CEO convicted of fraud, has two children with her fiancé Billy Evans: son William Holmes Evans, born July 10, 2021, in Redwood City, California, and daughter Invicta, born around February 2023, shortly before Holmes reported to federal prison.
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Elizabeth Holmes Children Arrived During Her Darkest Legal Moments
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William's birth came at a strange moment. Just days after he was born, Holmes was set to walk into a courtroom and face trial over the collapse of Theranos, the blood-testing startup she built and once ran as a celebrated tech founder. Instead of courtroom photos showing a confident executive, the public saw a new mother stepping into one of the most watched fraud trials in recent memory.
Nearly two years later, Holmes and Evans welcomed their second child, a daughter named Invicta. Her birth became public knowledge through a February 2023 court filing, not through any personal announcement from the couple. That filing was tied to Holmes's attempt to delay her prison sentence while she pursued legal options. The timing meant Invicta arrived just months before her mother would leave home to begin serving a federal sentence.
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Who Is Billy Evans, Father of Elizabeth Holmes's Children
Billy Evans is a hotel-industry heir who has been with Holmes since 2017. The two reportedly met at a charity event while Theranos was already unraveling under intense media and regulatory scrutiny. According to accounts based on Holmes's own retelling, they stayed friends for about six months before their relationship turned romantic.
Evans proposed in August 2018, and the moment had an unusual backdrop: a Taylor Swift "Reputation" tour concert. He reportedly used a snake ring bought from the venue's merchandise table for the engagement. Since then, Evans has remained Holmes's partner through her trial, conviction, sentencing, and now her time in federal custody. With Holmes in prison, Evans has taken on the role of primary caregiver for William and Invicta.
The Meaning Behind Daughter Invicta's Name
The name Invicta comes from Latin and means "invincible." No public statement from Holmes or Evans has explained exactly why they chose it, but the meaning has drawn attention given the circumstances surrounding her birth. She arrived not long before Holmes reported to Federal Prison Camp Bryan in Texas, a facility where Holmes was originally expected to begin her sentence in April 2023 before actually reporting in May 2023.
Court records referencing Invicta's birth are among the only official documents confirming details about the children, since the family has largely kept their personal lives private. Reporting on the case notes that no detailed public statement exists from either parent formally announcing either child's arrival.
Background on the Theranos Case That Shaped Their Early Lives
Holmes founded Theranos in 2003, promising a device that could run dozens of medical tests using just a small blood sample. Investigations later revealed the technology could not reliably deliver on that promise, leading to a collapse in investor confidence and a wave of regulatory and legal scrutiny. In January 2022, a jury convicted Holmes on four counts tied to investor fraud, including conspiracy to commit wire fraud and three counts of wire fraud. She was sentenced in November 2022 to 135 months in federal prison, with supervised release to follow.
Her former business partner and Theranos chief operating officer, Ramesh "Sunny" Balwani, faced separate charges and received his own sentence. Throughout the proceedings, Holmes's pregnancies and growing family became part of the public story, even though the criminal case focused entirely on business conduct at Theranos, not her personal life.
What Comes Next for Elizabeth Holmes and Her Family
Holmes remains in federal custody with a projected release date of February 22, 2030, though that date can shift based on sentence calculations or credit for time served. Reports indicate she has been approved for transfer to Austin Transitional Center, a halfway house in Del Valle, Texas, as early as August 2027, which would mark a step toward her eventual release.
In a message shared from prison, Holmes said separation from her young children "shatters her world" and that she is "fighting to prove" her innocence. Reports say the family is able to visit her on weekends, though exact visitation details haven't been made public. For now, William and Invicta remain largely out of the spotlight, raised by Evans while their mother serves out her sentence and continues to pursue legal avenues tied to her case.
