Elizabeth holmes net worth
Holmes started the company in 2003 after raising $700 million, according to Forbes. And, her fall has been a hard one.
According to a U.S. Justice Department indictment, Holmes and “her business partner and onetime boyfriend, Ramesh Balwani,” knew the blood test device had major issues, like being unreliable and slow. Still, they told their investors the company would generate $1 billion in revenue in 2015, and at one point the company was estimated to be worth $9 billion.
By 2018, her company was done. Per The New York Post, Theranos was officially defunct by 2018, and the Securities and Exchange Commission charged Holmes with “massive fraud” the same year. She was accused of taking more than $700 million from investors.
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Ever since Theranos shuttered its operations, people have wondered what happened to Elizabeth Holmes’ net worth. The former CEO and founder of the now-defunct Silicon Valley health technology company was once the world’s youngest self-made billionaire women. But now, Elizabeth Holmes’ net worth looks awfully different.
Holmes was born on February 3, 1984, in Washington, D.C. Her mom, Noel, was a Congressional committee staffer, whereas her dad, Christian, was a vice president at the energy giant Enron before moving onto government positions at agencies like USAID. When she was a child, Holmes and her family moved from Washington, D.C. to Houston, Texas. Even at an early age, Holmes had an instinct for invention, often filling up entire notebooks with drafts for plans and designs. “What I really want out of life is to discover something new, something that mankind didn’t know was possible to do,” she wrote in a letter to her father when she was just nine years old.
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