Elizabeth Holmes Biography| Wikipedia
Who is the owner of Theranos?
Elizabeth Holmes is the founder of Theranos ‘blood-testing start-up ‘
She was born Elizabeth Anne Holmes on February 3, 1984.
Elizabeth Holmes Nationality
Elizabeth Holmes is an American businesswoman who founded Theranos which is a now-defunct Health technology company. In 2015 She was named by Forbes the youngest and wealthiest self-made female billionaire in America in a valuation of $ 9 billion. This was after her company claimed to have revolutionized blood testing by developing methods that can use small volumes of blood, especially from a finger prick.
One year after the revelation of fraud incidences Forbes had to review the Net Worth of Holmes to zero. This made Fortune publish an article and named her, ‘The world’s 19 most disappointing leaders.’
Elizabeth Holmesfaced charges by the U.S. Securities and Exchange Commission In 2018 and her company(Theranos) with massive fraud, as a result of exaggerated claims concerning the accuracy of the blood-testing technology as Theranos claimed.
Elizabeth Holmes was told to settle her case by paying a fine worth $500,000. She also returned 18.9million shares to the company and her voting rights were, She was also barred from serving as the director of a public company for ten years.
Elizabeth Holmes Early life
Elizabeth was born on 3rd January 1984, in Washington D.C. Her father Christian Rasmus Holmes IV worked at an Energy company(Enron) and was its vice president. The company later experienced bankruptcy after an accounting scandal. Her mother Noel Anne used to work as a congressional committee staffer. Holmes worked as a laboratory technician at the Genome Institute of Singapore.
Holmes Education
Elizabeth attended St. John’s school in Houston. She later joined Stanford University’s summer Mandarin program in 2002 where she studied chemical engineering, she also worked as a research student and laboratory assistant in the school of engineering. She later dropped out of Stanford School of Engineering and used her tuition fee as seed funding for a consumer healthcare technology company.
Elizabeth Holmes Net Worth
Elizabeth Holmes’s net worth is $4.5 billion Us dollars. The Theranos founder will be facing up to 201 years in prison.
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Criminal Charges
Elizabeth Holmes and Ramesh Balwani were indicted by a federal grand jury in 2018 by the U.S Attorney for the Northern District of California in San Francisco that was investigating the case on nine counts of money fraud and other two accounts of conspiring to commit money fraud.
As per the prosecutors, Elizabeth Holmes and Ramesh Balwani were are guilty of two schemes of defrauding doctors and patients and the second one was to defraud investors. As the news reported by Bloomberg News Holmes and Balwani were looking forward to blaming media houses for their downfall. The federal government prosecutors in 2021 accused Holmes of destroying evidence in Theranos.