Elizabeth Holmes, also known as Elizabeth Anne Holmes, is a former American businesswoman who was a founder of Theranos Inc., an inoperative technology company. Holmes’ company was worth $9 billion. Forbes 2015 ranked Holmes as one of the most successful female billionaires, citing this fact. Her company was exposed the following year and all of its claims were declared fraudulent. Forbes had to reevaluate their listicle, and they reduced Holmes’ net worth down to zero. Infamously, Forbes had named Holmes one of the “World’s Most Disappointing Leaders”. Theranos founder and CEO is an entrepreneur and chief executive officer. After the validity of their tests was questioned, the company came under fire. The Centers for Medicare & Medicaid Services called for her to be banned from the industry for two consecutive years.
- 1 Elizabeth Holmes Wiki/Biography
- 2 Elizabeth Holmes Education
- 3 Elizabeth Holmes Career
- 4 Elizabeth Holmes Theranos
- 5 Elizabeth Holmes Awards
- 6 Elizabeth Holmes Parents
- 7 Elizabeth Holmes Siblings
- 8 Elizabeth Holmes Boyfriend and Relationships
- 9 Elizabeth Holmes Spouse
- 10 Elizabeth Holmes Fascinating facts
- 11 Elizabeth Holmes Personal Life
- 12 Elizabeth Holmes Physical Appearance
- 13 Elizabeth Holmes Networth
- 14 Elizabeth Holmes Timeline
- 15 Elizabeth Holmes Phone Number & other Contact Details
Elizabeth Holmes Wiki/Biography
Elizabeth was born February 3, 1984, and is now 37. She will be turning 37 in September 2021. Elizabeth Holmes was born in Washington D.C. She attended the St. John’s School, Houston. Holmes graduated from high school and went on to Stanford, where she studied Chemical Engineering. Her parents arranged home tutoring sessions for her to learn Mandarin Chinese.
Holmes attended Stanford University’s summer Mandarin course. To start her own healthcare business, Holmes dropped out of college. She used the tuition money she had saved to start her company as seed funding.
Elizabeth Holmes Education
Holmes attended St. John’s School, Houston. She was interested in computer programming during school and graduated. Holmes started her first company selling C++ compilers for Chinese universities. Her great-grandfather Christian R. Holmes inspired her. She had read about him. He was a World War I vet, an engineer, an inventor, and a surgeon. He was also the University Of Cincinnati College Of Medicine’s head. In 2002, Holly began to attend Stanford University’s summer Mandarin course. She studied chemical engineering at Stanford University in 2002. In addition to her work as a student researcher and lab assistant in the Engineering School, she also worked in the laboratory. Holmes was a laboratory technician at Genome Institute of Singapore after her first year. Here she was able to test for severe acute respiratory syndrome coronavirus (SARS-CoV-1). Holmes’ first patent application was filed in 2003 for a wearable drug delivery patch. She dropped out of Engineering School the following year. Holmes used her tuition money for a company that provides healthcare technology to the public.
Elizabeth Holmes Career
Holmes started a Real-Time Cures company in Palo Alto (California) in 2003 to “democratize healthcare”. Her motivation was her fear of needles. She wanted to perform blood tests in small amounts. Holmes presented the idea of a blood test at their fingertip to her Stanford medicine professor Phyllis Gardner. Her frustration was reflected in her reaction, “I don’t suppose your idea is going to work.” She didn’t give up, even though other professors had the same reaction. Holmes was able to get Channing Robertson, her Engineering School advisor, to back up her idea.
In 2003, Holmes changed the name of Theranos to refer to her company. It is a short form for “therapy” or “diagnosis”. She was a fan of Steve Jobs, the Apple founder, and she copied his dressing style in a black turtleneck sweater. Holmes was close to influential people like Henry Kissinger, George Shultz, and James Mattis.
Elizabeth Holmes Theranos
Theranos claimed that it had revolutionized blood test technology by using state-of-the-art systems and detection techniques. They also claim that they can run blood tests with surprisingly small blood volumes, such as those taken from finger pricks. It turned out that this was false. Holmes and Ramesh Balwani, the former Chief Operating Officer (COO) of Theranos, are currently being tried. If Holmes is convicted, she could face up to 20 years imprisonment in federal prison.
Elizabeth Holmes Awards
Elizabeth was a well-respected professional before the company’s collapse. She was elected to the Harvard Medical School Board of Fellows in 2015 and was even named by TIME magazine as one of the Most Influential People in the World. Holmes was also ranked on Forbes’ list as the Most Powerful Woman and the Under 30 Doers. She was also named Woman of Year by glamour.
Elizabeth Holmes Parents
Christian Rasmus Holmes IV was Elizabeth’s father and was once Vice President of Enron. This was an energy company that went bankrupt after an accounting fraud scandal. Rasmus Holmes later held executive positions at government agencies such as USAID, EPA, and USTDA. Noel Anne, Noel Anne’s mom, worked as a staff member withinside the Congressional Committee.
Father – Christian Rasmus Holmes IV
Mother – Noel Anne
Brother – Christian Holmes V
Elizabeth Holmes Siblings
Christian Holmes V, her younger brother, is Christian Holmes V. Christian serves as the product director at Theranos Silicon Valley Company.
Elizabeth Holmes Boyfriend and Relationships
Elizabeth Holmes was born Elizabeth Anne Holmes. Christian Rasmus Holmes IV, and Noel Anne (nee Daoust) were her parents. Her father was vice president of Enron Energy, an energy company that went bankrupt after an accounting fraud scandal. He held many executive positions at government agencies such as USAID, EPA, and USTDA. Noel was her mother and worked as a Congressional staffer. Holly met Ramesh “Sunny,” a technology entrepreneur from Pakistan. Balwani was a Pakistani Hindu who was born in Pakistan. She immigrated to India in 2002 and later to the USA in 2002 at the age of 18. Balwani was 19 years younger than her, and she was still romantically involved with him. Balwani divorced his wife in 2002, and he began to fall in love with Holmes in 2003. In 2005, Balwani and Holmes also shared an apartment. Holmes fired Balwani in 2016, or he left Theranos.
In early 2019, Holmes was engaged to William “Billy” Evans. Evans was 27 years old at the time and was an heir to Evans Hotels. This family-owned hotel group was located in San Diego. In mid-2019, the couple got married in private. Holmes was born in San Francisco in July 2021. Holmes and Holmes currently live in San Francisco.
Ex-Partner – Ramesh Balwani (2003-2016)
Husband Name – Billy Evans (m. 2019)
Elizabeth Holmes Spouse
Holmes was in a passionate relationship with Ramesh Balwani, a technology entrepreneur. Balwani is a Pakistani-born Hindu who lived once in India and later in the USA. Holmes and Balwani met when she was just 18 years old. He was 19 years older than she. Balwani was divorced from his wife in 2002, and he began a relationship in 2003 with Holmes. Balwani wasn’t officially admitted to Theranos until 2009. He was Holmes’s advisor. In 2005, the couple lived in an apartment together. The couple lived together in an apartment in 2005. They ran Theranos in a corporate culture that was “secrecy-fearful”. Balwani left Theranos in 2016 while the company was being investigated. He claimed Holmes fired him, but Holmes said he left the company at his will. Holmes was the owner of half of Theranos shares before March 2018. Forbes named Holmes one of America’s most self-made women in 2015 with a net worth of $4.5 billion. Holmes was engaged to William “Billy” Evans in early 2019. William Evans, a 27-year old inheritor of Evans Hotels. The Evans Family in San Diego owns many hotels. Holmes and Evans were married in private in mid-2019. They currently reside in San Francisco. After the fall of Theranos, she married him.
Affairs/Boyfriends – Billy Evans
Marital Status – Married
Elizabeth Holmes Fascinating facts
- She is the most well-known Businesswoman and founder of Health-technology startups.
- Young, talented business tycoons can earn a lot of money.
- She loves animals.
- She is a young, talented business tycoon.
- She studied chemical engineering at Stanford University. However, she didn’t graduate.
- She was inspired by her fear of needles and founded Theranos to provide minimally-invasive blood tests.
- Her company was valued at almost $10 billion, and she is credited with more than 80 patents.
- She is related to Fleischmann’s yeast founder.
- Forbes named her America’s Top Self-Made Woman in 2015, four places ahead of Oprah Winfrey.
Elizabeth Holmes Personal Life
Name – Elizabeth Holmes
Nick Name – Elizabeth
Real Name – Elizabeth Anne Holmes
Birthday – February 3, 1984
Age – 37 Years (as in 2021)
Gender – Female
Citizenship – American
Religion – Christian
Zodiac/Sun Sign – Aquarius
Born In – Washington, D.C., United States
Hometown – Palo Alto, California, United States
Famous As – Founder and former CEO of Theranos
Profession – Businesswoman and Health-technology startup founder
School – St. John’s School
College – Stanford University (dropped out)
Qualifications – College dropped out
Marital Status – Married
Elizabeth Holmes Physical Appearance
Height (in feet inches) – 5′ 6″
Weight – 55 kg
Body Measurements – 34-26-34
Eye Colour – Blue
Hair Colour – Brown
Elizabeth Holmes Networth
Elizabeth Holmes’ net worth is more than $5 Billion as of 2021. This is because she is the founder and CEO of Theranos, a successful health technology company. Forbes magazine named her the youngest self-made woman billionaire in 2014. She also invested in several young startups that provided excellent returns. Elizabeth Holmes is one of the most influential businesswomen in the United States. She began her career young and has managed a multi-billion dollar company. She is a role model for aspiring entrepreneurs.
Elizabeth Holmes Timeline
The U.S. against Holmes, 18-cr-01258, United States District Court for Northern District of California. The case will begin on October 27, 2020. If convicted, they could be sentenced to up to 20 years imprisonment.
Holme’s defense asked a federal court in February 2020 to drop all charges against her, Balwani, and her co-defendant. After reviewing the charges, a Federal Judge ruled that certain charges should be dropped. Medical insurance companies paid for the Theranos blood tests, so the patients weren’t deprived of money or property. Prosecutors will not be permitted to claim that patients and doctors were victims of fraud. The judge, however, kept the 11 wire fraud charges.
Bloomberg News reported that Holmes and Balwani were looking into possible defense strategies to blame the media for Theranos’s downfall. The lawyers are investigating whether John Carreyrou’s reporting had undue influence on government regulatory agencies. They also reported that Cooley, Holmes’ legal team in a civil class action, asked the court to allow them to cease representing her. Cooley stated that Holmes has not paid them for their services in one year and that Cooley does not expect that Holmes will ever pay them for their services. The Recorder reported in November 2019 that H. Russel Holland, Senior District Judge, was allowing Cooley to withdraw. He was also overseeing the civil case. Holmes and Evans were married in a private ceremony in mid-2019. They live in San Francisco.
The Dropout, a podcast and documentary on the Holmes story, was released by ABC News, Nightline, and Rebecca Jarvis in January 2019. Interviews and deposition tapes are included of key figures such as Elizabeth Holmes, Sunny Balwani, Christian Holmes (Elizabeth’s brother), Tyler Shultz, Theranos whistleblower, and grandson to Board Member George Shultz; and Theranos board members Bill Frist and Gary Roughead; as well as Robert Kovacevich and other. An interview with Jeff Coopersmith (the attorney representing Balwani) is also included.
The Inventor: Out for Blood In Silicon Valley was premiered by HBO on March 18, 2019. It is a documentary of two hours that was first shown at the Sundance Film Festival, January 24, 2019. The documentary reveals the lies and claims Holmes made during the final years of Theranos and how they ultimately fell apart. Holmes and Balwani were indicted for multiple offenses in the documentary’s conclusion in 2018.
Holmes settled an SEC suit on March 14, 2018. Fraud charges were leveled against Holmes for claiming that the U.S. Department of Defense was using its technology in combat situations. In 2014, the company claimed it had a $100 million revenue stream. The company made only $100,000 that year. Holmes’ settlement consisted of Holmes surrendering voting control to Theranos, a ban of holding an officer position for 10 years in a public corporation, and a $500,000 penalty.
Theranos employed more than 800 people at its peak in 2015. In October 2016, it fired 340 employees and another 155 in January 2017. Theranos filed a WARN Act Notice with the State of California in April 2018. It announced its plans to eliminate 105 employees permanently. This left it with less than two dozen employees. The majority of the remaining employees were fired in August 2018. On September 5, 2018, the company announced that it was beginning the formal dissolution process, with the remaining cash and assets being distributed to its creditors.
After a more than two-year investigation by the U.S. Attorney’s Office San Francisco, Holmes was indicted along with Ramesh Balwani, former Theranos Chief Operating Officer and President, on nine counts each of wire fraud and two of conspiracy to commit such fraud. Both were not guilty. Prosecutors claim that Holmes and Balwani participated in two criminal schemes to defraud investors, doctors, and patients. Holmes was resigned as CEO of Theranos, but he remained the chair of its board of directors after the indictment.
Holmes owned a share of 50% in Theranos before the March 2018 settlement. Forbes listed Holmes as one of America’s richest self-made women in 2015, with a net worth of $4.5 billion. Forbes published an $800 million updated valuation for Theranos in June 2016. Holmes’s stake was essentially worthless because other investors had preferred shares. Holmes, however, only owned common stock. Holmes was reported to owe $25 million to Theranos for exercising her options. The arrangement did not result in Holmes receiving any cash or shares from Theranos.
John Carreyrou, author of Bad Blood: Secrets and Liars in a Silicon Valley Startup, was published to great acclaim in May 2018. The movie is currently in production, and Jennifer Lawrence will play Holmes. Adam McKay will serve as director and writer.
The State of Arizona sued Theranos in 2017, alleging that Theranos had sold 1.5 million blood test kits to Arizonans and then concealed or misrepresented important information about those tests. The company settled the suit in April 2017 by paying $225,000 civil fines and attorney fees and refunding the tests’ cost to Arizonans. This totaled $4.65million. The U.S. Securities and Exchange Commission and U.S. Attorney’s Office of the Northern District of California also conduct civil and criminal investigations. There is also an unspecified FBI investigation and two class-action fraud lawsuits. Holmes denied any wrongdoing.
Theranos shareholders reached a deal with Theranos on May 16, 2017, to end all potential and current litigation in return for preferred stock. Holmes gave up a portion of her equity to offset any stock value dilution to non-participating shareholders.
After an inspection of Theranos’ Newark, California lab revealed irregular staff proficiency, procedures, and equipment, the Centers for Medicare and Medicaid Services warned Holmes in January 2016. After Holmes failed to fix problems at its California laboratory in March 2016, CMS regulators suggested that Holmes be banned from owning or operating any lab for two years. Holmes stated that she was “devastated” that Holmes did not fix the problems in California’s lab sooner and suggested that Holmes would have to be barred from owning or operating a laboratory for two years.
CMS banned Holmes for two years from operating, owning, or directing any blood-testing services. Theranos appealed this decision to the U.S. Department of Health and Human Services appeals panel. Walgreens cut ties with Theranos shortly after and shut down its in-store blood collection centers. The FDA ordered Walgreens to stop using its Capillary Tube Nanotainer, one of its core inventions.
After several criminal and journalistic investigations and civil lawsuits, Theranos was indicted by the Securities and Exchange Commission for “massive Fraud”. Fortune named Holmes as one of the World’s Most Disappointing Leaderships in 2016.
The fall of Theranos began when a series if journalistic and regulatory investigations exposed doubts about Theranos’ technology claims and whether Holmes had misled investors. The U.S. Securities and Exchange Commission indicted Holmes and Theranos for deceiving investors through “massive fraud” by making exaggerated or false claims about the accuracy and reliability of Theranos’ blood-testing technology. Holmes paid a $500,000 penalty, returned shares to Theranos, and was barred from being an officer or director of any public company for ten years. A federal grand jury indicted Holmes, former chief operating officer of Theranos, Ramesh Sunny Balwani, on nine counts of wire fraud and two conspiracy to commit fraud to distribute false results to consumers. The trial is scheduled to start in October 2020.
Boies threatened legal action and used strong-arm tactics to stop Carreyrou from publishing a bombshell article in October 2015. The article described how Theranos’ Edison blood test device gave incorrect results and showed that Theranos had been using machines made by other companies for most of its testing. In a series more articles, Carreyrou exposed Holmes. He also published Bad Blood: Secrets and Lies of a Silicon Valley Startup in 2018.
In June 2015, Holmes joined forces with Carlos Slim Helu to improve blood tests in Mexico. She launched #IronSisters in October 2015 to support women in STEM, engineering, science, and mathematics. She helped draft and pass an Arizona law that allowed people to obtain lab tests and pay without the approval of insurance or a healthcare provider. However, she misrepresented the effectiveness and accuracy of Theranos.
Holmes was widely praised before the fall of Theranos. She was elected to the Harvard Medical School Board of Fellows in 2015 and was listed as one of TIME magazine’s Most Influential Persons in the World. Forbes awarded Holmes the Under 30 Doers Award, and she was ranked in its 2015 list for the Most Powerful Women. Glamour named Holmes Woman of the Year. She also received an Honorary Doctorate in Humane Letters from Pepperdine University. Holmes received the 2015 Horatio Alger Award. This made her the youngest recipient of the award in its history. Her previous honors include being named Fortune’s Businessperson of Year and listed on its 40 Under 40 list.
Holmes ran Theranos in “stealth mode”, without any press releases or company websites, until September 2013, when Holmes announced that the company had partnered with Walgreens to open in-store blood collection centers. In 2014, Holmes was the center of media attention. She appeared on Fortune, Forbes, T, The New York Times Style Magazine, and Inc. Forbes ranked Holmes #110 on their Forbes 400 list in 2014. Theranos was worth $9 billion and had raised over $400 million in venture capital. Her name was on 18 U.S. patents by the end of 2014 and 66 foreign patents. Holmes signed agreements with Capital BlueCross, AmeriHealth Caritas, and Cleveland Clinic to use Theranos technology in 2015.
Many influential people were on Theranos’s board of investors and board. Holmes’s first major investor was Tim Draper, a Silicon Valley venture capitalist who is also the father of Holmes’s childhood friend Jesse Draper. He “cut Holmes a check for $1 million” after hearing her pitch for Theranos. Theranos now has a large pool of major investors that includes Rupert Murdoch, the Walton family, Betsy DeVos, and the Cox family at Cox Enterprises. Theranos collapsed, and all of these investors lost hundreds to millions of dollars.
Holmes was a fan of Apple founder Steve Jobs and copied his style by wearing a black turtleneck sweater as Jobs. She spoke with a deep baritone voice during most of her public appearances. However, a former colleague at Theranos later stated that her natural voice was a few degrees higher. Holmes used a higher voice in 2005 than she did in later appearances. Holmes’ family has maintained that her baritone voice remains authentic.
Holmes had raised $6million to finance the company by December 2004. Theranos had raised more than $92million in venture capital by the end of 2010. Holmes was introduced to George Shultz, former secretary of state. After a two-hour meeting, Holmes was accepted to the Theranos board. Holmes was honored for his role in forming the “most illustrious U.S. corporate board history” during the following three years.
Holmes began her first year working in a laboratory at Genome Institute of Singapore. She collected blood samples using syringes to test for the severe acute respiratory syndrome. In 2003, she filed her first patent application for a wearable drug delivery patch. She dropped out of Stanford’s School of Engineering in March 2004 and used her tuition money to fund a company that provides healthcare technology for consumers.
Holmes, a portmanteau of “therapy” and “diagnosis,” named Holmes’ company Theranos in 2003. Robertson was the first member of the company’s board and introduced Holmes venture capitalists.
Holmes was a student at St. John’s School, Houston. During high school, she was interested in computer programming and started her first company selling C++ compilers for Chinese universities. Holmes started attending Stanford University’s summer Mandarin class after her parents arranged Mandarin Chinese tutoring. Holmes attended Stanford University in 2002 to study chemical engineering. She also worked as a student researcher at the School of Engineering and as a laboratory assistant.
Holmes fell in love with Ramesh Balwani (a Pakistani-born Hindu immigrant to the U.S.) and later married. He was 18 years younger than her and had been married to another woman when she met him. Balwani, who had divorced his wife in 2002, fell in love with Holmes in 2003. Holmes dropped out of college in the same year. The couple then moved into an apartment in 2005. Balwani was not appointed chief operating officer of the company until 2009, but he advised Holmes in secret. Holmes and Balwani managed the company in a culture of fear and secrecy. In 2016, he left Theranos following investigations. His departure is not clear. Holmes claims that Holmes fired him. Balwani says that he left on his own.
Elizabeth Anne Holmes, born February 3, 1984, is an American businesswoman. She was the founder and CEO of Theranos (a now-defunct health technology company). After Holmes and other business leaders claimed that the company had revolutionized blood tests by using surprisingly low blood volumes, such as a fingerprick, they claimed that these tests could be done very quickly with small automated devices they had created. Forbes named Holmes, based on a company valuation of $9 billion, the youngest and most successful female billionaire in America by 2015. After revealing potential fraud, Forbes revised its published estimate for Holmes’ net worth to zero in the following year. Fortune named Holmes one of the “World’s Most Disappointing Leaders.”
Elizabeth Holmes Phone Number & other Contact Details
Current Address: Palo Alto, CA
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