She was found guilty of fraud and misleading investors, CNN reports. Elizabeth Holmes, 37, was the founder and former CEO of Theranos. She was found guilty of four fraud and misleading investors charges, As you may remember from the many books, podcasts, and TV shows about Theranos, the company said it could draw and test blood with just a finger prick. Holmes said that her device could detect major health problems, like cancer and high cholesterol.
Elizabeth Holmes is a person who works for the government Was Supposed to be Very Nervous.
Holmes started the company in 2003 after he raised $700 million, Forbes says. And, her fall has been rough. U.S. Justice Department indictment: Holmes and “her business partner and one-time boyfriend, Ramesh Balwani,” knew the blood test device had a lot of problems, like being unreliable and taking a long time to work. But still, they told their investors that the company would make $1 billion this year. The company was once thought to be worth $9 billion.
Is She Worth Any Money Now?
Once, she had a lot of money. She had $4.5 billion in the bank.
The Forbes Richest Self-Made Women list said that in 2015, Holmes was worth $4.5 billion. She also topped the list. A billion is written with a “b,” and that’s how many there are when Forbes spoke to a dozen venture capitalists, analysts, and industry experts about Theranos in 2016, they concluded that the company should be worth $800 million. Because Holmes only owns half of the company’s stock, they said that her fortune was worth “nothing.” She then dropped off the Forbes list.
Her Net Worth Was Changed by Forbes in 2016
It was in 2016 when Forbes changed its estimate of Holmes’s net worth because of fraud claims. Now that she’s been found guilty, she could spend up to 20 years in prison and be fined $250,000. There’s also a chance that she will have to pay more money back for each of the four counts of fraud.
Her Husband Has Money From His Family
William “Billy” Evans, who is 29, is the owner of a hotel and restaurant chain, and Holmes married him in 2019. Her grandparents started a hotel group in Southern California called the Evans Hotel Group. This group is a “premier provider of resort accommodations.” When he died, he left the business to his parents, Business Insider says.
People who are married to Elizabeth Holmes don’t know who her husband is called.
It Costs $135 Million to Live There
On CNBC while she was on trial, they said that she and her husband have been living in a $135 million home on 74 acres just outside of Palo Alta, California. Check out Green Gables here. This content comes from a place called embed-name. You might be able to find the same information in a different format, or you might be able to find more information, on their website.
It has four pools on the grounds, including a large Roman pool, a tennis court, a flower and vegetable garden, and a private reservoir.
Elizabeth Holmes Is Still a Billionaire, Is She?
Elizabeth Holmes is still a billionaire, right?
It was after Theranos went down that Elizabeth Holmes’ net worth went from $4.5 billion to a reported $0 as of 2022, per Forbes. Ramesh “Sunny” Balwani, who used to run the company, was also charged with fraud by the U.S. Securities and Exchange Commission (SEC) in 2018.
Where Is Theranos’s CEO?
Her partner, Billy Evans, is the son of San Diego hotel billionaire Bill Evans. Holmes now lives in California.
According to CNBC, the new mother lives on a $135 million nine-bedroom Silicon Valley mansion.
Is Elizabeth Holmes Rich Now?
Elizabeth holmes net worth image
Her wealth stands at zero. She was found guilty of scamming investors after a lengthy legal struggle.