Who is Elizabeth Holmes?
Elizabeth Holmes (born February 3, 1984) is a convicted fraudster who was the founder and chief executive of Theranos, a now-defunct health technology company that soared in valuation after the company claimed to have revolutionized blood testing by developing testing methods that could use surprisingly small volumes of blood, such as from a fingerprick. By 2015, Forbes had named Holmes the youngest and wealthiest self-made female billionaire in America on the basis of a $9-billion valuation of her company. The next year, following revelations of potential fraud about Theranos’s claims, Forbes revised its estimate of Holmes’s net worth to zero, and Fortune named her in its feature article on “The World’s 19 Most Disappointing Leaders”.
Elizabeth Holmes Biography, Wiki
Elizabeth Holmes was born February 3, 1984, in Washington, D.C. Her father, Christian Rasmus Holmes IV, was a vice president at Enron, an energy company that later went bankrupt after an accounting fraud scandal. Later he held executive positions in government agencies such as USAID, the EPA, and USTDA. Christian Holmes is of Danish and Hungarian ancestry. His great-great-grandfather Charles Louis Fleischmann was a Hungarian Jewish immigrant who founded Fleischmann’s Yeast. Among Charles Louis Fleischmann’s children were Julius Fleischmann, mayor of Cincinnati from 1900 to 1905 and entrepreneur. Her mother, Noel Anne, worked as a Congressional committee staffer.
Holmes attended St. John’s School in Houston. During high school, she was interested in computer programming and says she started her first business selling C++ compilers to Chinese universities. Her parents had arranged Mandarin Chinese home tutoring, and partway through high school, Holmes began attending Stanford University’s summer Mandarin program. In 2002, Holmes attended Stanford, where she studied chemical engineering and worked as a student researcher and laboratory assistant in the School of Engineering.
After the end of her freshman year, Holmes worked in a laboratory at the Genome Institute of Singapore and tested for severe acute respiratory syndrome coronavirus (SARS-CoV-1) through the collection of blood samples with syringes. She filed her first patent application on a wearable drug-delivery patch in 2003. In March 2004, she dropped out of Stanford’s School of Engineering and used her tuition money as seed funding for a consumer healthcare technology company.
|Born||Elizabeth Anne Holmes|
February 3, 1984 (age 37)
Washington, D.C., U.S.
|Education||Stanford University (degree incomplete)|
|Occupation||Health-technology startup founder|
|Title||Founder and former CEO, Theranos|
|Spouse(s)||Billy Evans (m. 2019)|
|Partner(s)||Ramesh Balwani (2003–2016)|
|Relatives||Charles Louis Fleischmann (great-great-great-grandfather)|
Julius Fleischmann (great-great-granduncle)
Elizabeth Holmes Found Guilty of Four Charges of Fraud
Elizabeth Holmes, the founder of the failed blood testing start-up Theranos, was found guilty of four of 11 charges of fraud on Monday, in a case that came to symbolize the pitfalls of Silicon Valley’s culture of hustle, hype and greed.
Ms. Holmes, who had once promised to revolutionize health care, was the most prominent executive to field fraud accusations in a generation of high-flying, money-losing start-ups. A jury of eight men and four women took 50 hours over seven days of deliberations to reach a verdict, convicting her of three counts of wire fraud and one count of conspiracy to commit wire fraud by lying to investors to raise money for her company.
Ms. Holmes was found not guilty on four other counts related to defrauding patients who had used Theranos’s blood tests. The jury was unable to reach a verdict on three counts of deceiving investors, for which Judge Edward J. Davila of California’s Northern District said he planned to declare a mistrial.
Each count carries a maximum sentence of 20 years in prison, terms that are likely to be served concurrently. Ms. Holmes, 37, is expected to appeal. A sentencing date is expected to be set at a hearing on the three hung charges next week.
Elizabeth Holmes Recognition
Before the collapse of Theranos, Holmes received widespread acclaim. In 2015, she was appointed a member of the Harvard Medical School Board of Fellows and was named one of Time magazine’s “Time 100 most influential people”. Holmes received the Under 30 Doers Award from Forbes and was ranked number 73 in its 2015 list of “the world’s most powerful women”. She was also named Woman of the Year by Glamour and received an Honorary Doctor of Humane Letters from Pepperdine University. Holmes was awarded the 2015 Horatio Alger Award of the Horatio Alger Association of Distinguished Americans, making her its youngest recipient in history. She previously had been named Fortune‘s Businessperson of the Year and had been listed in its 40 Under 40 feature.
Following several journalistic and criminal investigations and civil suits, regarding Theranos’s business practices, she was charged with “massive fraud” by the Securities and Exchange Commission. In 2016, Fortune named Holmes in its article on “The World’s 19 Most Disappointing Leaders”.
Elizabeth Holmes & Theranos
In 2003 Holmes founded the company Real-Time Cures in Palo Alto, California, to “democratize healthcare”. Holmes described her fear of needles as a motivation and sought to perform blood tests using only small amounts of blood.
In 2003, Holmes renamed the company Theranos (a portmanteau of “therapy” and “diagnosis”). Robertson became the company’s first board member and introduced Holmes to venture capitalists.
Elizabeth Holmes Phone Number & other Details
Current Address: Palo Alto, CA