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Short info on Elizabeth Holmes
There are people who rise to fame for their unique contributions but some of them might no be what we think. And today we will talk about a beautiful American businesswoman, Elizabeth Holmes.
In this 21st century of technology and communication, several young entrepreneurs emerge with their start-ups and new ideas. Some fail, while some reaches their destinations. Take some entrepreneurs for examples such as Karli Harvey, Jo Wood, Joe Germanotta, among others.
The 35-year-old, Holmes was listed as one of America's Richest Self-Made Women in 2015 by Forbes with a net worth of $4.5 billion. This was before she faced fraud allegations and non-transparency through her company, Theranos.
She was widely popular as the founder and former CEO of Theranos, a now dissolved company. SO, let's know in detail about what happened that the former self-made richest women became one of the most disappointing leaders.
Elizabeth was born as Elizabeth Anne Holmes on February 3, 1984, in Washington, D.C., U.S. She holds an American nationality and belongs to the white ethnic group.
Her father, Christian Rasmus Holmes IV is a former vice president at Enron, while her mother, Noel Anne worked as a Congressional committee staffer.
From an early age, Holmes developed a keen interest in computer programming. Talking about her education, Holmes attended St. John's School in Houston and her parents arranged Mandarin Chinese home tutoring.
In 2001, Holmes attended Stanford University where she studied chemical engineering but later dropped out in 2004. At the end of her freshman year, Holmes worked in a laboratory at the Genome Institute of Singapore. In 2003, she patent application on a wearable drug-delivery patch.
In 2004, at the age of 20, Holmes incorporated the company Theranos which was initially called Real-Time Cures in Palo Alto.
Personal life with Relationships
Talking about the former CEO of Theranos, Elizabeth Holmes' relationship status, she is secretly married to her fiance-turned husband, William Evans. Prior to that she was romantically involved with technology entrepreneur, Ramesh Balwani, an immigrant from India who was born in Pakistan.
Holmes and Balwani net in 2002 and he is 19 years older than her. Balwani as the COO of the Theranos was advising Holmes behind the scenes. He left the company in 2016 after investigations and fraud charges began to occur.
Who is Elizabeth Holmes' Husband? Got Secretly Married
After dating Ramesh for over 13 years, the famous entrepreneur, Elizabeth Holmes is currently married to William "Billy" Evans. The couple married in extremely secret wedding ceremony and is rarely spotted out in public. The news of their wedding became public in June 2019.
Talking about Holmes' husband, Evans is a 27-year-old heir to the Evans Hotel Group. Elizabeth and Evans first met in a party in 2017. The couple engaged in early 2019 and was living in a $5,000-a-month apartment near San Francisco's Lombard Street.
Sources told Vanity fair reporter Nick Bilton that Holmes married her boyfriend and he confirmed the news in an episode of his podcast "Inside the Hive."
You'd be shocked to know the current net worth of the Theranos' founder. As of 2019, Elizabeth Holmes has a net worth of $0 dollars. Can you believe it? So, when she was the CEO of her company, how much was her net worth? In 2015, Holmes had a net worth of $4.5 billion as per Forbes.
Elizabeth Holmes: From billions to nothing
In 2015, Forbes named her the youngest and wealthiest self-made female billionaire in America on the basis of a $9 billion valuation of her company. In 2015, Holmes had a net worth of $4.5 billion.
In June 2016, Forbes released an updated valuation of $800 million for Theranos that made Holmes' stake worthless. She reportedly owned a $25 million debt to Theranos.
There were several journalistic and criminal investigations and civil suits regarding Theranos' business practices. Later, Holmes was charged with "massive fraud" by the Securities and Exchange Commission.
Holmes may face upto 20 years in Prison
Prosecutors alleged that Holmes and Balwani engaged in two criminal schemes, one to defraud investors and the other to defraud doctors and patients. After the charges, Holmes stepped down as CEO of Theranos but remained chair of the board.
The case U.S.v.Holmes is set to begin on July 28, 2020. As per reports, they face up to 20 years in prison.