Elizabeth Holmes is a renowned American former business magnate, chief executive officer, and founder of Theranos who owns a net worth of $0. She was known as the Youngest Self-Made Woman Billionaire in the world.
Keep on reading to explore more about Elizabeth. Besides, know how she led her career to become the youngest woman billionaire and how her wealth went down to zero. Also, learn facts, such as her biography, early life, academic life, and so on.
How much money does Elizabeth Holmes make?
Elizabeth Holmes earned most of her wealth from her company, Theranos. In 2016, before reporting a case against her company, she had a net worth of 3.6 billion dollars or 276.92 million dollars per year on average. After filing a lawsuit against the company, a series of investigations reduced her net worth to nothing.
Moreover, the company, Theranos, had a net worth of 9 billion dollars, which was deducted to 800 million dollars in a year. In 2018, Elizabeth Holmes’s company dissolved totally. Besides her net worth, she had a 50 percent share of that company. But it is worth nothing now.
Elizabeth Holmes’s current annual Income is given below:
- Yearly Income: $0
- Monthly Income: $0
- Weekly Income: $0
- Daily Income: $0
- Hourly Income: $0
How did Elizabeth Holmes make money?
Elizabeth Holmes was a businesswoman. Besides, she was the Chief Executive Officer and founder of a company named Theranos. The series of workings Elizabeth Holmes did to make her company a titan is divided below into some points:
- Chief Executive Officer (CEO)
Workings as a Founder
In Palo Alto, California, Elizabeth Holmes founded a company named Real-Time Cures. She was trying to diagnose diseases by testing small amounts of blood. Initially, medical professors turned her idea down, but she managed the School of Engineering’s advisor and dean to establish her concept.
Finally, in 2003, Elizabeth Holmes changed her company name to Theranos and ran company functions. The company’s first board member was Robertson, who introduced venture investors to Elizabeth Holmes.
Workings as a Chief Executive Officer (CEO)
Elizabeth Holmes was the founder and the Chief Executive Officer (CEO) of the company, Theranos. She expanded her business on a massive scale in a year. In 2004, she raised a 6 million dollar fund. Besides, her company achieved up to 92 million dollars in venture capital before the end of 2010.
Elizabeth Holmes’s corporate board was the most illustrious in United States history for three years. Later in 2013, Theranos formed a partnership with Walgreens to start blade sample collection from local stores.
In 2014, Elizabeth Holmes was able to make the company’s value up to 9 billion dollars with more than 400 million dollars venture capital. Moreover, before falling off of her company, she went into an agreement with a clink named Cleveland Clink to use the company’s technology to test blood samples.
After 2015, Elizabeth Holmes’s company did not grow anymore but fell into the dust. She was using a fake machine for blood testing from the start of her company. Elizabeth Holmes even ran a trial on cancer patients. Eventually, in 2018, the company shut down. Currently, she is under trial and hoping for at least 20 years of jail.
Biography of Elizabeth Holmes
|Full Name||Elizabeth Anne Holmes|
|Professional Name||Elizabeth Holmes|
|Date of Birth||3 February 1984|
|Place of Birth||Washington, DC., United States of America|
|Height||5 feet 5.5 inch|
|Marital Status||Married (Since 2019)|
|Husband Name||Billy Evans|
|Profession||Former businesswoman, Founder, and Chief Executive Officer|
The early life of Elizabeth Holmes
On 3 February 1984, Elizabeth Holmes was born in Washington, DC. Her mother, Noel Anne, served in the Congressional Committee as a staffer. On the other hand, the vice president of Enron, Christian Rasmus Holmes IV, was Elizabeth Holmes’s father. In addition, it was an energy company.
Moreover, Elizabeth Holmes’s father’s company went bankrupt due to a fraud scandal in accounting. Later, Elizabeth Holmes’s father worked as an executive in government agencies, such as EPA, USAID, and USTDA.
Elizabeth Holmes completed high school at St. John’s School, located in Houston. While studying in high school, she did her first business with Chinese Universities by selling C++ compilers. After completing high school, Elizabeth Holmes went to Stanford University on a summer Mandarin program.
There, Elizabeth Holmes studied chemical engineering. Besides, she served as a laboratory assistant and researcher at the School of Engineering. Later in 2004, Elizabeth Holmes left university without completing the study. Moreover, she used her scholarship money to invest in her future company.
The last time Forbes magazine gave Elizabeth Holmes the title of being the world’s youngest self-made woman billionaire, in January 2016. Eventually, she is not the title holder anymore. Currently, the youngest self-made woman billionaire is Whitney Wolfe.
Elizabeth Holmes’ deep voice was just a ruse. It was not her actual voice, according to former employees of Theranos. Besides, Elizabeth Holmes desperately used her voice to fit in the male-dominated society in Silicon Valley.
According to The Wall Street Journal’s report, in 2018, while dissolving Theranos, the company’s investors lost up to 600 million dollars. Some high-profile investors, such as Walmart heirs, Secretary of the ministry of education, Betsy DeVos, etc.
- https://www.byelizabethholmes.com/ — Elizabeth Holmes Official Website
- https://www.forbes.com/profile/elizabeth-holmes/?sh=59c67e247a7b – Elizabeth Holmes Forbes Profile – 2016
- https://www.crunchbase.com/person/elizabeth-holmes — Elizabeth Holmes Crunchbase Profile
- https://www.forbes.com/sites/matthewherper/2016/06/01/from-4-5-billion-to-nothing-forbes-revises-estimated-net-worth-of-theranos-founder-elizabeth-holmes/?sh=3159bc836331 – Elizabeth Holmes Net worth fall to zero (Forbes Report)
- https://www.wsj.com/articles/theranos-cost-business-and-government-leaders-more-than-600-million-1525392082 — Theranos Investors’ Losses (The Wall Street Journal’s Report)