Elizabeth Holmes (born February 3, 1984) is an American former biotechnology entrepreneur and convicted fraudster. In 2003, Holmes founded and served as CEO of Theranos, a now-defunct healthcare her technology company. His valuation skyrocketed after the company announced it had revolutionized blood testing by developing a method that could use surprisingly small amounts of blood, such as from a finger. By 2015, Forbes named Holmes America’s youngest and richest female self-made billionaire, based on her company’s $9 billion valuation. The following year, as potential Theranos claim fraud began to come to light, Forbes revised Holmes’ net worth estimate to zero, and Fortune named her in its feature article “19 Most Disappointing Leaders in the World.” 7]
Theranos’ demise began in her 2015. A series of journalistic and regulatory investigations raised suspicions about the company’s claims about the technology and that Holmes misled investors and governments. In 2018, Theranos and Holmes were accused by the U.S. Securities and Exchange Commission (SEC) of defrauding investors through “massive fraud” by making false or exaggerated claims about the accuracy of their blood-testing technology. I was. Holmes will do this by paying a $500,000 fine, returning her 18.9 million shares to the company, waiving her voting rights in Theranos, and barring him from serving as an officer or director of a public company for 10 years. I settled the charges.
In June 2018, Holmes and her former Theranos COO, Ramesh “Sunny” Balwani, were indicted on fraud charges by a federal grand jury. Her US v. Holmes et al. trial ended in January 2022, when Holmes was found guilty of defrauding investors and acquitted of defrauding patients. In November 2022, she was sentenced to her 11+1/4 years in prison.
Theranos’ credibility was due to Holmes’ personal connections and his ability to win the endorsement of such powerful people as Henry Kissinger, George Schultz, Jim Mathis and Betsy DeVos. Minister. Holmes has been in a secret romantic relationship with Balwani for most of Theranos’ history: After Theranos went bankrupt, she began dating her hotel heir, Billy Evans, and they are expecting a son in 2021. .
Holmes’ career, her company’s rise and dissolution, and its aftermath, are the subject of Wall Street Her Journal reporter John Careylou’s book Bad Blood: The Secrets and Lies of a Silicon Valley Startup. It is HBO’s feature documentary “The Inventor: Bloodlust in Silicon Valley.” A Hulu miniseries called The Dropout.
Elizabeth Holmes was born on February 3, 1984 in Washington, DC. Her father, Christian Rasmus Holmes IV, was a vice president of Enron, an energy company that later went bankrupt after an accounting fraud scandal. Her mother, Noel Ann (née Doust), served on the staff of Congressional Committees. Christian has since held leadership positions in government agencies such as USAID, EPA and USTDA. Christian is partly of Danish descent. Her paternal great-great-grandfather was Charles Louis Fleischmann, a Hungarian immigrant who founded Fleischmann Yeast. According to her family friend Joseph Fuze, the Holmes family were “very proud of the history of the East Empire”. And I think Elizabeth passed it on in her youth, too. ”Her mother was born in Georgia and is of French Canadian ancestry on her father’s side.
Holmes attended her school in St. Johns, Houston. During her high school years, she took an interest in programming her computer, and she says she started her first business selling her C++ compiler to a Chinese university. Her parents arranged for her to be taught Chinese at home, and Holmes began attending a summer Chinese program at Stanford University in the middle of her high school. In 2002, Holmes enrolled at Stanford University, where she studied chemical engineering, where she worked as a research student and laboratory assistant in the engineering department.
After completing her freshman year, Holmes worked in a lab at the Genome Institute in Singapore, where she was able to detect severe acute respiratory syndrome coronavirus (SARS-CoV-1) by collecting blood samples using a syringe. I got tested. She filed her first patent in 2003 for her drug delivery patch wearable. Holmes said she was raped at Stanford University in 2003. In March 2004, she dropped out of her Stanford School of Engineering and used her tuition as her money to seed a consumer health technology company.