Elizabeth Holmes Biography
Elizabeth Holmes is a former biotechnology entrepreneur from the United States who was found guilty of fraud. Theranos, a now-defunct health technology company that saw its valuation soar after the company claimed to have revolutionized blood testing by developing techniques that could use surprisingly small volumes of blood, such as from a fingerprick, was founded in 2003 by Holmes and he served as its chief executive officer (CEO).
How old is Elizabeth Holmes? – Age
She is 38 years old as of 3 February 2022. She was born in 1984 in Washington, D.C., United States. His real name is Elizabeth Anne Holmes.
Elizabeth Holmes Family
Christian Rasmus Holmes IV, her father, was a vice president at the energy firm Enron, which later filed for bankruptcy following an investigation into accounting fraud. Noel Anne (née Daoust), her mother, was a staff member for a congressional committee. Later, Christian held leadership positions in government organizations like USAID, the EPA, and USTDA. Christian has some ancestry from Denmark.
Charles Louis Fleischmann, a Hungarian immigrant who founded the Fleischmann’s Yeast business, was her paternal great-great-great-grandfather. The Holmes clan “According to a family friend named Joseph Fuisz, “I think the parents very much yearned for the days of yore when the family was one of the richest in America. was very proud of its yeast empire” history. And I believe Elizabeth did so when she was still quite young.” Her mother was born in Georgia, and her father’s side of the family is French Canadian.
Elizabeth Holmes Education
In Houston, Holmes attended St. John’s School. She claims to have started her first business selling C++ compilers to Chinese universities while still in high school because she was interested in computer programming.In the middle of her senior year of high school, Holmes started attending Stanford University’s summer Mandarin program after her parents set up Mandarin Chinese home tutoring. Holmes enrolled at Stanford in 2002, where she majored in chemical engineering and worked as a lab assistant and student researcher in the School of Engineering.
Elizabeth Holmes Husband
Ramesh “Sunny” Balwani, a technology entrepreneur was romantically involved with Holmes. During a trip to Beijing in 2002 for Stanford University’s Mandarin program, she had the opportunity to meet him. Balwani was 19 years older than Holmes at the time and married to another woman; Holmes was 18 at the time and had just completed her high school education. Around the time Holmes dropped out of college in 2003, Balwani, who had divorced his wife in 2002, started dating Holmes.
In 2005, the couple rented an apartment together. He left Theranos in 2016 as a result of investigations; for the majority of their time running the business, their relationship was kept secret. Holmes testified that she had been raped at Stanford while a student and had turned to him for support following the incident. She further stated that he had humiliated and molested her while they were dating. With a net worth of $4.5 billion, Forbes listed her as one of America’s Richest Self-Made Women in 2015. Early in 2019, Holmes got engaged to 27-year-old William “Billy” Evans, the heir to the Evans Hotel chain. She gave birth to a son in July 2021.
How much is Elizabeth Holmes still worth?
She has an estimated net worth of $ 9 billion.
Elizabeth Holmes Trial
Elizabeth was charged with nine counts of wire fraud and two counts of conspiracy to commit wire fraud in June 2018. Ramesh “Sunny” Balwani, a former chief operating officer and president of Theranos, was also on trial. Following an investigation by the U.S. Attorney’s Office for the Northern District of California, both entered a plea of not guilty. Holmes’ involvement in fabricated demonstrations, fabricated validation reports, false contract claims, and exaggerated financial statements at Theranos was demonstrated by the case’s evidence.
On January 3, 2022, Holmes was found guilty on three counts of wire fraud and one count of conspiracy to commit wire fraud for defrauding investors on four separate occasions. She could have received a sentence of up to 20 years in prison, a $250,000 fine, and restitution. She was advised by a judge to be detained at Texas’ Federal Prison Camp, Bryan, a minimum security prison with scant or no perimeter fencing.
Elizabeth Holmes Theranos
In 2003, Elizabeth Holmes and Elizabeth Robertson, the first board member of the business, co-founded Theranos. She was a fan of Apple co-founder Steve Jobs and frequently wore a black turtleneck sweater to imitate his look. Theranos had raised more than $400 million in venture capital and was valued at $9 billion. She was ranked #110 on the Forbes 400 in 2014 and named the youngest self-made female billionaire in the world by Forbes. Theranos’ Edison device produced inaccurate results, and the majority of its testing was conducted on equipment made by other companies.
In July 2016, Holmes was given a two-year ban on owning, managing, or overseeing a blood-testing service. He has since filed an appeal against the ban. The Securities and Exchange Commission (SEC) filed a lawsuit against the company for allegedly defrauding investors and the US Department of Defense. 99 percent of Theranos shareholders reached a settlement with the company in May 2017 to have all pending and future legal actions dropped in exchange for preferred stock. The business declared that it had started the formal dissolution process on September 5, 2018.