Elizabeth Holmes Net Worth: How Much Money Does She Have?

In March 2021, Elizabeth Holmes was found guilty of multiple counts of fraud and could potentially face years in prison. Therefore, her net worth has likely decreased significantly due to legal fees and damages owed. Get here the final net worth of Elizabeth Holmes.

Elizabeth Holmes Net Worth

According to Forbes, Elizabeth Holmes’ net worth was once valued at $4.5 billion when she was 30 years old and named the world’s youngest self-made woman billionaire. However, the same outlet revised her net worth to $0 in 2016 amid new information and as her company faced a slew of investigations from federal agencies. As of 16 March 2023, her net worth is still estimated to be $0 USD. Following the collapse of her company, Theranos, and the subsequent legal battles and investigations, Holmes faced numerous lawsuits and was charged with multiple counts of fraud.

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Elizabeth Holmes’s life and career

Elizabeth Holmes is an American entrepreneur who is the founder and former CEO of Theranos, a now-defunct blood testing company. She was born on February 3, 1984, in Washington, D.C., and grew up in Houston, Texas.

Holmes attended Stanford University but dropped out at the age of 19 to start Theranos in 2003. The company claimed to have developed a revolutionary blood testing technology that required only a few drops of blood and could perform hundreds of tests. Holmes was widely praised for her innovation and entrepreneurship, and Theranos was valued at over $9 billion at its peak.

However, in 2015, a series of investigative reports by journalist John Carreyrou exposed serious problems with Theranos’ technology and practices. The reports revealed that the company was using traditional blood testing equipment for most of its tests, and that its own technology was unreliable and inaccurate. This led to investigations by government agencies and a criminal fraud case against Holmes and Theranos’ former president, Sunny Balwani.

Holmes was charged with nine counts of wire fraud and two counts of conspiracy to commit wire fraud. She pleaded not guilty and faced a highly publicized trial in 2021. In March of that year, Holmes was found guilty of four counts of fraud and acquitted on four other counts. She could face up to 20 years in prison for each count of fraud.

Holmes’ rise and fall have been the subject of much fascination and controversy, with some seeing her as a visionary entrepreneur and others as a fraudster who deceived investors and put patients at risk.

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