Elizabeth Holmes Biography
It will interest you to know who Elizabeth Holmes is and why she is so famous. Elizabeth is an American entrepreneur who was CEO of the medical diagnostic company Theranos Inc. The company was founded in the year 2003.
She made name for herself by becoming the world’s youngest female billionaire at the age of 19. However, she was charged with fraud after 15 years.
However, the billion-dollar business and its CEO, Elizabeth Holmes, ruled the world in 2014. Theranos was a ground-breaking concept created back then by a woman who was hailed as a genius and identified as a female Steve Jobs.
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Theranos was one of Silicon Valley’s unicorn firms, and Holmes was the youngest self-made female billionaire in the world.
Then everything collapsed. Theranos’s technology’s flaws and errors were made public, as well as Holmes’s part in trying to hide everything. Theranos and Holmes were accused of committing significant fraud, and the business was forced to shut down its labs and testing facilities.
Holmes’ trajectory from precocious child to ambitious Stanford dropout to troubled company CEO can be summed up in this way.
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Elizabeth Holmes age
Elizabeth Holmes is 38 years old. She was born on 3rd February 1984 in Washington, D.C, United States.
Where was Elizabeth Holmes raised?
Elizbeth Holmes was raised in Washington, D.C., and Houston, Texas. She attended high school in China.
Elizabeth Holmes early life
Elizabeth was born in the year 1984, on February 3 to Ras
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Elizabeth Holmes education
She attended St. John’s School in Houston. She had more interest in computer programming and started selling C++ compilers as her first business. She furthered her study at the Stanford University where she pursued Chemical Engineering.
Elizabeth Holmes career
After her first year was through, Holmes began working in a lab at the Genome Institute of Singapore, where she collected blood samples with syringes in order to screen for the severe acute respiratory syndrome coronavirus (SARS-CoV-1).
In 2003, she submitted her first patent application for a wearable patch that delivered medication. She left Stanford’s School of Engineering in March 2004 and used her tuition money as seed capital for a consumer healthcare technology startup.
She was the CEO of Theranos, a now-defunct health technology company in 2003.
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Elizabeth Holmes husband
Billy Evans is the husband of Elizabeth Holmes. He was born near San Diego and went to school at the Massachusetts Institute of Technology (MIT). He got his degree in Economics in 2015.
Elizabeth Holmes parents
The parents of Elizabeth Holmes are Christian Holmes IV and Noel Holmes.
Elizabeth Holmes siblings
Elizabeth Holmes has only one sibling, a younger brother called Christian Holmes V.
Christian Holmes V received a degree from Duke University. He was employed by his sister’s business, Theranos, despite having no prior training in the medical sciences.
As an Associate Director of Product Management, he joined the organization. Prior to becoming the Director of Commercial Operations, he first received a promotion to Director of Product Management.
What is Elizabeth Holmes being prosecuted for?
A federal jury found Holmes guilty on January 3, 2022, of the investor wire fraud conspiracy count as well as three substantive wire fraud counts pertaining to the scheme to deceive investors, which included wire transfers amounting to more than $140 million.
What caused downfall of Elizabeth Holmes?
At the age of 19, Elizabeth Holmes left Stanford to found Theranos, which she later improved in worth to $9 billion.
After months of litigation and the subsequent disclosure of technological faults, Holmes was found guilty on three charges of wire fraud and one count of conspiracy.
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What did Elizabeth Holmes do to patients?
Holmes was charged with purposefully deceiving investors and clients. The internal “Edison” devices could only perform a very small portion of the more than 200 blood tests claimed and could not deliver reliable results.
Who Exposed Theranos?
Theranos, Elizabeth Holmes’ health-tech company, was destroyed as a result of two whistleblowers, Erika Cheung and Tyler Shultz, according to the Hulu series The Dropout.
According to The Dropout, a Hulu series about Holmes and her company Theranos, both Cheung and Shultz were whistleblowers at Theranos.
Who lost the most money in Theranos?
According to the Wall Street Journal, the Devos family lost approximately $100 million on their investment, while Murdoch lost $125 million and the Walton family lost $150 million.
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Did Warren Buffet invest in Theranos?
Warren Buffett may have had other concerns when investing in a firm, but in Theranos’s case, he was skeptical about its management. That’s why he didn’t put his money into the controversial company.
Elizabeth Holmes net worth
According to Forbes, her net worth has dropped from a reported $4.5 billion to $0 as of 2022, following the demise of Theranos.
In 2018, the US Securities and Exchange Commission (SEC) charged the former business’s founder and CEO, along with former company president Ramesh “Sunny” Balwani, with fraud.
The same year, the US Attorney for the Northern District of California announced Holmes and Balwani’s indictment on wire fraud and conspiracy charges.
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