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| VIEW EVENT INFORMATION: Elizabeth Holmes |
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The Decline & Fall Of Elizabeth Holmes |
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Status: Available Now!
Type: News
Date: Saturday 8 October 2016, 12:00 AM
Media: Forbes
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About the person Elizabeth Holmes:
Art: Corporation
Genres: CEO, Co-Founder, Entrepreneur, Executive, Founder, Management, President, Health Care, Health-Technology, Medical Service |
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Notable Organizations: Forbes
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| Elizabeth Holmes—and her company, Theranos—promised to change the way people got blood tests, replacing needles with finger pricks. In June, FORBES’ estimate of her net worth fell from $4.5 billion to $0. On October 5, Theranos got out of the business of drawing blood entirely. What happened?
June 2014: Holmes appears on the cover of Fortune with stunning news: Theranos, which she founded at age 19 in 2003, has 500 employees and is valued by its investors at $9 billion. She says she’ll change the blood testing business, later telling TedMed, "The individual is the answer to the challenge of healthcare."
October 2014: That lofty Theranos valuation, confirmed by sources close to the company, lands Holmes on FORBES’ list of the 400 richest Americans. Because she owned half of Theranos, she had a net worth of $4.5 billion, all of it in shares in a privately held company that was not traded on any stock exchange. |
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