Who is Elizabeth Holmes, the CEO of “Theranos”?Her Wiki: Today’s net worth, husband, family, height, marriage, salary, partner
Who is Elizabeth Holmes, the CEO of “Theranos”?Her Wiki: Today’s net worth, husband, family, height, marriage, salary, partner
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Who is Elizabeth Holmes?
Elizabeth Anne Holmes was born on February 3, 1984 in Washington, DC, USA. She is an entrepreneur. The most famous is probably the founder and former CEO of Theranos. The company is known for falsely claiming revolutionary blood tests. Using a small amount of blood can diagnose many diseases.
Elizabeth Holmes net worth
How rich is Elizabeth Holmes? As of mid-2018, the source estimated that the net assets were zero, and all losses were lost after wire transfer fraud was discovered. She was the youngest self-made female billionaire in the world, and she earned 9 billion US dollars in value through Theranos. Now, after the fraud was discovered, her net worth fell due to the refund and she was also fined.
Early life and education
Elizabeth’s father is a member of many government agencies around the world, including the United States Agency for International Development, while her mother is a member of Congressional committees. She studied at St. John’s School, where she was very interested in computer programming and business. She successfully started her first business, selling C++ compilers to Chinese universities.
In 2001, she became the Chancellor Scholar of Stanford University and studied chemical engineering. In her freshman year, she also worked at the Singapore Genome Research Institute to detect severe acute respiratory syndrome (SARS). In 2003, she applied for the first patent on wearable drug delivery patches. The following year, she decided to drop out of the Stanford University School of Engineering and use her money as seed funding for a medical technology company. She founded Theranos with the goal of enabling everyone to obtain health information as soon as possible so that health problems can be detected as early as possible.
The Rise of Theranos
Holmes’s idea was to get a lot of data with a few drops of blood on the fingertips, and described the fear of needles as one of the motivations for starting a company. Several of her professors said this task was impossible, but she asked someone on the company’s board to lead her to sell her ideas to venture capitalists. In 2004, she managed to raise $6 million to fund Theranos, and the company quickly made money from pharmaceutical companies for testing.
In 2010, her company received $92 million in venture capital, and she was introduced to former Secretary of State George Schultz, who will become a member of the company’s board of directors. Over the next three years, Theranos became the company with the most outstanding board of directors in American corporate history. The company did not manage to avoid contact with the media until 2013, when they announced a partnership with Walgreens to establish an in-store blood sample collection center. The following year, she appeared on the covers of several publications such as Fortune, Forbes, and The New York Times. At that time, she became the youngest self-made woman in the world with a venture capital investment of 9 billion U.S. dollars and more than 400 million U.S. dollars. Rich man; her name appears in more than 80 patents worldwide.
Fall of Theranos
In 2015, the Wall Street Journal reported that a blood testing device from Theranos may prove to be inaccurate, but this claim was quickly dismissed by Elizabeth. The following year, the Centers for Medicare and Medicaid Services (CMS) issued a warning letter to the company after discovering numerous problems in the California laboratory. CMS proposed a two-year ban on the company, and Elizabeth issued a public statement explaining how they should discover these problems earlier.
In 2016, CMS prohibited her from owning, operating, and directing blood tests for the next two years, and Walgreens also terminated its partnership with Theranos. The U.S. Securities and Exchange Commission, the FBI and the U.S. Attorney’s Office for the Northern District of California conducted civil and criminal investigations-she continued to deny any wrongdoing. In 2018, the company was found to be falsely claiming that their technology is being used by the US Department of Defense, and in 2014 it announced a false revenue of 100 million U.S. dollars, when in fact it was only 100,000 U.S. dollars. She was banned from holding a senior position in any public company for 10 years and was fined $500,000. Theranos laid off almost all its employees. Once there were 800 employees, there are only less than two dozen employees left. Other allegations are still ongoing, although the possible impact is unclear, because Holmes is now effectively bankrupt.
personal life
It is reported that Holmes has been in a romantic relationship with Ramesh “Sunny” Balwani, the former COO of Theranos, for several years since 2005. Both of them are now facing investigations into nine counts of wire fraud and two counts of conspiracy to commit wire fraud and neither pleaded guilty. A movie about them is also in production, called “Bad Blood”, adapted from the book “Bad Blood: Secrets and Lies of Silicon Valley Startups” by John Carreyrou.
