In 2010, former American biotech entrepreneur Elizabeth Anne Holmes was found guilty of fraud. In 2003, Holmes founded and served as CEO of defunct health technology company Theranos.
The company’s valuation skyrocketed after it claimed to have revolutionised blood testing by developing techniques that could use surprisingly small volumes of blood for diagnostic purposes, such as from a fingerprick.
Forbes reports that Holmes’s company was valued at $9 billion in 2015, making her the youngest and wealthiest self-made female billionaire in America. Forbes lowered its estimate of Holmes’s net worth to zero that year, and Fortune included her in an article titled “The World’s 19 Most Disappointing Leaders” due to suspicions of Theranos-related fraud.
Life History of Elizabeth Holmes
Elizabeth Anne was born in Washington, DC on February 3, 1984. Her mother, Noel, was a committee staffer on Capitol Hill, while her father, Christian, was a vice president at Enron before assuming government positions with organisations such as USAID. When Holmes was young, her family moved from Washington, DC to Houston, TX.
— Elizabeth Holmes (@eholmes2003) December 4, 2015
Holmes displayed a natural propensity for innovation at a young age, frequently filling entire notebooks with sketches and rough draughts of designs and plans. In a letter to her father when she was nine, she stated, “What I really want out of life is to discover something new, something that humanity never thought was possible.”
The Value of Elizabeth Holmes
I am interested in Elizabeth Holmes’s current financial situation. Forbes estimates that Elizabeth Holmes is now worthless after Theranos’s failure. In 2018, her estimated net worth was $4.5 billion. In addition to former firm president Ramesh “Sunny” Balwani, the U.S. also charged the former company’s founder and CEO with fraud.
In 2018, Securities and Exchange Commission (SEC). In the same year, Holmes and Balwani were indicted for wire fraud and conspiracy by the United States Attorney for California’s Northern District. Due to her pregnancy, Holmes’ trial will not begin in August 2020 as originally scheduled.
This woman’s trial began in August of 2021, a full year later. On January 3, 2022, Holmes was found guilty of three counts of wire fraud and one count of conspiracy to commit wire fraud.
If convicted, Holmes could face up to 80 years in prison and a $1 million fine. Each count carries a maximum sentence of 20 years in prison and a fine of $250,000. Holmes’s sentencing is scheduled for September 2022, but he is currently free on bail.
Elizabeth Holmes’s Owned Property
American celebrity is at home Elizabeth Holmes’s history is the most intricate. An event that occurred in Silicon Valley’s core. She was once the world’s richest young businesswoman, but is currently out on bail in her $135 million Silicon Valley mansion.
Elizabeth Holmes has amassed an impressive collection of automobiles over the years. Holmes owns multiple Mercedes, a Mercedes Maybach, a Porsche, and other opulent automobiles.
Life at Work for Elizabeth Holmes
Elizabeth Holmes entered the workforce for the first time in 2003, having dropped out of college and launching Theranos with the tuition money she had saved. Prior to changing their name to Theranos, the company was known as Real-Time Cures.
It is not surprising that Holmes founded this company given her aversion to needles. She hoped that by utilising an extremely small blood sample, the entire blood testing system could be significantly enhanced.
Incredibly inspired by these amazing women. https://t.co/EyVvwcpUHD
— Elizabeth Holmes (@eholmes2003) November 10, 2015
Elizabeth Holmes, a devoted admirer of Steve Jobs, became well-known in part due to her costumed appearances as Jobs. In 2004, she was able to raise an additional $6 million for the business. By 2010, the amount had risen to $92 million. In 2015, Forbes estimated the company’s value at $9 billion.
She amassed a fortune that made her the first self-made female billionaire in the world. In contrast, there were reports that year that hinted at investment fraud on the corporation’s part. In 2018, she was arrested and accused of investor fraud.
Elizabeth Holmes is her own story. She was considered one of the greatest entrepreneurs in the world, but she failed miserably due to fraud and criminal activity. In 2015, she was named the world’s youngest and richest female billionaire, as well as one of the 100 most influential people. Nonetheless, circumstances changed drastically, and she was named one of the 19 most disappointing leaders. She is currently out on bail, and her fate will be decided in September 2022. You might be interested in Ashneer Grover Net Worth.
Frequently Asked Questions
What is Elizabeth Holmes’s Net Worth?
What is Elizabeth Holmes’s Age?
Elizabeth Holmes is 38 years old at present (3 February 1984).
What is Elizabeth Holmes’s Salary?
Elizabeth Holmes is estimated to earn $0 or more per year.
What is Elizabeth Holmes’s Height?
Elizabeth Holmes is 1.67 metres tall.
What is Elizabeth Holmes’s Husband’s Name?
Elizabeth Holmes and Bill Evans have been married since 2019.