Elizabeth Holmes is an American entrepreneur, inventor, and the founder of Theranos, a health technology and medical laboratory services company. She is also the youngest self-made female billionaire in the world. Holmes was born in Washington D.C. in 1984 and is currently 36 years old. She is an inspiration to many, and her story is one of hard work and determination. Here is an in-depth look at her life, career, and net worth.
Early Life of Elizabeth Holmes
Elizabeth Holmes was born in Washington D.C. in 1984. She was homeschooled by her parents who both worked as Congressional Committee staffers. She developed an interest in technology at an early age and was fascinated with the idea of making a difference in the world. At the age of 19, she enrolled at Stanford University to study Chemical Engineering.
During her time at Stanford, Holmes developed the idea for Theranos, a revolutionary health technology company. She dropped out of college in her sophomore year to pursue her dream of creating a company that would revolutionize the healthcare industry.
Holmes was determined to make her dream a reality and worked tirelessly to make Theranos a success. She was able to secure funding from venture capitalists and in 2003, Theranos was officially launched.
Elizabeth Holmes’ Career
Theranos was a revolutionary company that developed technology to make blood testing faster, cheaper, and more accurate. Holmes was the CEO of the company and worked to make it a success. She was able to secure partnerships with major corporations such as Walgreens and Safeway and was able to secure contracts with the US government.
Holmes was named one of the most powerful women in business by Fortune magazine in 2014 and 2015. She was also named one of the world’s youngest self-made female billionaires in 2015.
However, in 2015, the US Securities and Exchange Commission began investigating Theranos for fraud. In 2018, Holmes was indicted on nine counts of wire fraud and two counts of conspiracy to commit wire fraud. She was also barred from serving as an officer or director of a public company for 10 years.
Elizabeth Holmes’ Net Worth
At the peak of her success, Holmes was worth an estimated $4.5 billion. However, due to the fraud charges and the collapse of Theranos, her net worth has since dropped to an estimated $0. She is currently facing up to 20 years in prison for the fraud charges.
Elizabeth Holmes is an inspiring story of hard work and determination. Despite the fraud charges and the collapse of Theranos, she remains an inspiring figure and her story continues to motivate many. Her net worth may have dropped to $0, but her story is still worth more than any amount of money.