Indeed, life is full of roses and thorns as both the poor and rich have their share of troubles. Such is the case for Theranos CEO Elizabeth Holmes, an American former businesswoman. She was the world's youngest self-made female billionaire and the founder of Theranos, a now-defunct health technology company.
PAY ATTENTION: Click “See First” under the “Following” tab to see YEN.com.gh News on your News Feed!
Elizabeth Holmes is accused of making false claims about her firm Theranos, including its technology capable of detecting diseases with a drop of blood. She is currently facing several charges for her past fraudulent activities and risks spending at least 20 years of her life in jail.
Theranos CEO Elizabeth Holmes' profile summary
- Full name: Elizabeth Anne Holmes
- Date of birth: February 3rd, 1984
- Age: 37 years old (as of 2022)
- Place of birth: Washington DC
- Nationality: American
- Gender: Female
- Occupation: Founder of Theranos (Health-technology startup)
- Marital status: Married
- Spouse: William Billy Evans
- Children: William Holmes Evans
- Residence: Green Gables estate outside Palo Alto, California
- Education: Stanford University (degree incomplete)
- Parents: Christian Rasmus Holmes IV, Noel Anne Daoust
- Sibling: Christian Holmes V
- Height: 1.69 m
- Eye colour: Bright blue
- Hair: Blonde
- Religion: Christain
- Zodiac sign: Aquarius
Enjoy reading our stories? Join YEN.com.gh's Telegram channel for more!
Elizabeth Anne Holmes was born on February 3rd, 1984, in Washington, DC. She is the daughter of Christian Rasmus Holmes IV and Noel Anne Daoust. Her younger brother, Christian Holmes V, is her only sibling.
Elizabeth's father, Christian Rasmus Holmes IV, was a vice president at Enron, an energy company. He also held executive positions in government agencies like USAID, the EPA, and USTDA. Her mother, Noel Anne, worked as a Congressional committee staffer.
Theranos founder's educational background
Elizabeth attended St. John's School in Houston for her high school education. She then attended Stanford University, where she studied chemical engineering.
At the end of her first year in college, Holmes began working in a laboratory at the Genome Institute Lab in Singapore. She was assigned to collect several blood samples of SARS-CoV-1 (severe acute respiratory syndrome coronavirus).
Elizabeth dropped out of Stanford's School of Engineering in March 2004 at 19. Instead, she decided to use her tuition fee to start her consumer healthcare technology firm, Theranos.
Elizabeth founded the company in 2003 and later served as its CEO. In 2014, Theranos released its first product, Edison. Their product was a laboratory testing process that claimed to run over 1,000 medical tests on an individual after collecting only a few drops of blood.
From 2003 to 2014, Holmes expanded the company. She accomplished this by raising funds from investors in secret, building infrastructure, and establishing the company's proprietary processes.
By late 2015, Theranos and its product, Edison, had sparked a firestorm of criticism. This was after news articles claimed that Theranos had exaggerated Edison's abilities.
Theranos was also criticized for taking long to provide federal authorities with full access to its medical devices.
In July 2016, the U.S. Centers for Medicare & Medicaid Services (CMS) blocked Theranos from receiving reimbursements from Medicare and Medicaid. CMS also forbade Holmes from possessing or operating a medical laboratory for two years.
Who is Elizabeth Holmes' husband?
She is married to William Billy Evans, heir to the Evans Hotel Group. The pair met at a party in 2017 and dated for a while before getting engaged in 2019.
The couple officially tied the knot in a private ceremony in the summer of 2019 and had their first baby in July 2021.
However, before her marriage and relationship with William Billy Evans, Elizabeth was with Ramesh Sunny Balwani. Ramesh was the Chief Operating Officer of Theranos. The pair dated from 2005 until 2016, when Ramesh left the company.
Elizabeth Holmes's trial
In 2018, Elizabeth was charged with massive fraud for falsely advertising a product. However, her trial was delayed by the birth of her child. In 2022, after a lengthy trial, Holmes was found guilty of four of the eleven charges levelled against her.
The charges include three counts of wire fraud and a conspiracy to defraud investors. Holmes faces up to 20 years in prison, a $250,000 fine, and restitution for each of the 11 charges against her.
Elizabeth Holmes' documentary
Is there a documentary about the founder of Theranos? Yes, it's called The Inventor: Out for Blood in Silicon Valley. This 2019 documentary was directed and produced by Alex Gibney. The film focuses on Elizabeth Holmes and her former company, Theranos.
Out for blood follows the rise and fall of Theranos, interspersed with the footage of Holmes and her COO Sunny Balwani making exaggerated claims about the company's worth.
Is The Inventor documentary on Netflix? Unfortunately, no. The film is an HBO documentary thus is available to stream on HBO Max. However, you can also get the film on rental on Amazon Prime Video, Apple TV, Google Play, YouTube, and more.
What happened to Elizabeth Holmes' voice?
Elizabeth Holmes has a distinctive voice with a surprisingly deep tone. However, many people claim that she fakes it. In addition, it has been argued that she faked her vice to impress male business associates.
On the other hand, her family claims her deep voice is genuine and "not a phoney."
What is Theranos CEO Elizabeth Holmes' net worth?
Holmes's net worth was severely affected due to the series of stories from the Wall Street Journal exposing her deficiencies and misleading claims.
In addition, during Elizabeth's criminal trial, witnesses revealed that Theranos had been losing money year after year since 2010.
According to Forbes, the company lost $16.2 million in 2010, $27.7 million in 2011, $57 million in 2012, and $92 million in 2013. By 2014, Theranos had $376 million in debt and $14,000 in total revenue by the end of that year.
Where is Elizabeth Holmes now?
The Theranos founder lives with her husband and child on the 74-acre Green Gables estate outside Palo Alto, California. However, after her guilty verdict, Elizabeth was given seven days to testify in her defence.
Theranos CEO Elizabeth Holmes was once a Silicon Valley success story. However, her success story turned out to be a hoax because she falsely advertised her product. As a result, she was found guilty of the charges brought against her. As things stand, Elizabeth faces a lengthy prison sentence for her crimes.
NBA player Isaiah Stewart may be a newcomer, but he is already giving the big names a run for their money. As published on Yen.com.gh, Stewart was drafted into the NBA only about a season ago and is already making waves.
Isaiah Stewart was athletic while growing up and participated in boxing and soccer before he decided to divert his attention to basketball due to his height. So far, he has received several accolades, including Mr Basketball USA and Naismith Prep Player of the Year.
Our manifesto: This is what YEN.com.gh believes in