Elizabeth Holmes. You’re not the woman I thought you were

In 2015 Forbes named Elizabeth Holmes (32), the founder of blood testing company Theranos, as the world’s youngest self-made female billionaire. But now her wealth has fallen from $4.5 billion to $0 billion. Ms Holmes had claimed Theranos’ analyser could run dozens of diagnostic tests on just a single drop of blood, promising to upend the entire lucrative testing industry. Her Start-up company was valuated at $ 9bn and her 50 per cent stake in Theranos gave her a net worth of $4.5bn. The story began to unravel after reports by the Wall Street Journal in 2015 revealed doubts about the validity of Ms Holmes’ claims. Now Theranos and its chief executive, Elizabeth Holmes, agreed to settle „massive fraud“ charges with the US SEC last month. Holmes was forced to return millions of shares to the privately held company and pay a $500,000 penalty. And Holmes also agreed to be barred from serving as an officer or director of a public company for 10 years.

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