Contents
Elizabeth Holmes is a former businesswoman and entrepreneur from the United States. Elizabeth Holmes was the founder and chief executive officer (CEO) of a now-defunct healthcare technology company, “Theranos.”
Early life
Elizabeth Holmes was born on February 3, 1984, in Washington, DC, United States of America. Her birth name is Elizabeth Anne Holmes and she is an American by nationality.
Additionally, he has the birth sign of Aquarius and believes in Christianity. Furthermore, she Elizabeth belongs to Caucasian ethnicity and is 39 years.
This former businesswoman is the daughter of Christian Rasmus Holmes IV (father) and Noel Anne Daoust (mother). Her father was vice president of an energy company, Enron, which later went bankrupt following an accounting fraud scandal.
Additionally, his father held numerous executive positions in government agencies such as USAID, EPA, and USTDA. While his mother is on the staff of the Congressional committee. She grew up named after her brother Christian Holmes V, who is a vice president of Enron by profession.
Education and early career
Talking about his academic career, he attended St. John’s School in Houston. Later, she enrolled to study at Stanford with Chemical Engineering as her subject. Additionally, she also learned Mandarin Chinese through home tutoring sessions organized by her parents.
He enrolled at Stanford University in the US Mandarin summer program. Additionally, he studied chemical engineering. He also worked as a student researcher and laboratory assistant in the School of Engineering.
At the end of his first year, he worked in the laboratory of the Singapore Genome Institute. Likewise, she suffers from severe acute respiratory syndrome coronavirus (SARS-CoV-1) through collecting blood samples with syringes.
In 2003, Elizabeth Holmes filed her first patent application for a wearable patch to deliver medications. Later, in 2004, she dropped out of the Stanford School of Engineering. Additionally, she used her tuition money as seed funding for a consumer healthcare technology company in 2004.
Career
In 2003, Elizabeth Holmes founded the company “Real-Time Curs” in Palo Alto, California. After several years, she shifted her focus toward creating a new form of blood testing, claiming it was based on her terror of needles.
In 2003 it was renamed “Theranos”, which is a combination of the words “therapy” and “diagnosis.” Channing Robertson became the company’s first board member.
As of December 2004, he raised $6 million to fund the company and was also able to raise over $92 million in venture capital by the end of 2010.
terans
Additionally, Holmes operated Theranos in “stealth mode,” without press releases or a company website until September 2013. The company announced a partnership with Walgreens to launch in-store blood sample collection centers.
At the end of 2014, this businesswoman’s name appeared on 18 US patents and 66 foreign patents. In 2015, it agreed with Cleveland Clinic, Capital BlueCross and AmeriHealth Caritas to use Theranos technology.
Drop
The Wall Street Journal’s John Carreyrou gets a tip from a medical expert who believes Edison’s blood testing device looked suspicious. Carreyrou begins a months-long secret investigation into Theranos.
Additionally, Holmes used legal and financial threats against Carreyrou, the Journal, and the whistleblowers to prevent him from publishing. However, Carreyrou published a book called “Bad Blood: Secrets and Lies in a Silicon Valley Startup” in 2018.
The book is a detail about Theranos research. However, Holmes denied all accusations and claims. In July 2016, the Centers for Medicare & Medicaid Services (CMS) officially prohibited Holmes from owning, operating, or conducting blood testing services.
The following year, the state of Arizona filed a lawsuit against Theranos alleging that the company had sold 1.5 million blood tests to Arizonans while concealing or misrepresenting important facts about those tests.
As a result, Theranos settled the lawsuit by agreeing to refund the cost of testing to consumers and pay $225,000 in civil penalties and attorneys’ fees, for a total of $4.65 million.
In 2018, the U.S. Securities and Exchange Commission charged Theranos and Holmes with “massive fraud” by making false or exaggerated claims about the accuracy of the company’s blood testing technology.
Charges and imprisonment
Additionally, Holmes settled the charges after paying a $500,000 fine, returned 18.9 million shares to the company, and relinquished his voting control over Theranos. She was also banned for ten years from serving as an officer or director of a public company.
In 2018, a federal grand jury indicted Holmes and former Theranos COO Ramesh Balwani on nine counts of wire fraud and two counts of conspiracy to commit wire fraud for distributing falsified blood tests to consumers.
That same day, Holmes stepped down as CEO, and later that year Theranos ceased operations.
Caption: Elizabeth Holmes court hearing (Source:CNBC)
She was tried in federal court on 11 counts of fraud as of August 2021 and was convicted in January 2022 on four counts of defrauding investors: three counts of wire fraud and one count of conspiracy to commit wire fraud.
The jury found her not guilty on four counts of patient fraud and deadlocked on the remaining counts. Later that year, in 2022, Balwani was found guilty of wire fraud and conspiracy to commit wire fraud. Holmes was sentenced to more than 11 years in prison in November 2022.
Elizabeth Holmes – Net worth 2024
In 2014, Frobes listed Elizabeth Holmes as the world’s youngest self-made billionaire. She was also ranked 110th on the Forbes 400. During that time, her company Theranos was valued at $9 billion and had raised more than $400 million in venture capital.
Additionally, she was also named Businesswoman of the Year by Fortune and featured on its 40 under 40 list. In 2015, Forbes listed her as one of America’s richest self-made women.
During that time, his net worth was around $4.5 billion. Due to revelations of possible fraud regarding Theranos, Forbes estimated her net worth at zero and named her one of the “world’s most disappointing leaders.”
civil status
Caption: Elizabeth Holmes with her husband (Source: People.com)
In mid-2019, Elizabeth Holmes married William “Billy” Evans in a private ceremony. Furthermore, the couple got engaged in early 2019 and later got married. Furthermore, her husband is the heir to the Evans Hotel Group.
With the marriage, the couple has a son who is the heir to the Evans Hotel Group. In the past, Holmes dated tech entrepreneur Ramesh “Sunny” Balwani.
Body measurements
Caption: Elizabeth Holmes posing for a photo (Source: Us Weekly)
Elizabeth Holmes is 5 feet 6 inches (1.69 m) tall and weighs 65 kg. Additionally, she has blue eyes, blonde hair, and a slim body type. Furthermore, her sexual orientation is heterosexual and her body statistics are still unknown.
Elizabeth Holmes – Social Networks
The former businesswoman is currently in prison and is not officially active on social media platforms such as Instagram, Twitter and Facebook at this time.
Elizabeth Holmes Fans Also Viewed
Categories: Biography
Source: vcmp.edu.vn