Among Charles Louis Fleischmann's children were Julius Fleischmann, mayor of Cincinnati from 1900 to 1905 and entrepreneur. His second great-grandfather (Elizabeth's third great-grandfather) Charles Louis Fleischmann was a Hungarian Jewish immigrant who founded Fleischmann's Yeast. Christian Holmes is of Danish and Hungarian ancestry. Christian later held executive positions in government agencies such as USAID, the EPA, and USTDA. Her mother, Noel Anne ( née Daoust), worked as a Congressional committee staffer. Her father, Christian Rasmus Holmes IV, was a vice president at Enron, an energy company that later went bankrupt after an accounting fraud scandal.
Holmes's career, the rise and dissolution of her company, and the subsequent fallout are the subject of a book, Bad Blood: Secrets and Lies in a Silicon Valley Startup, by The Wall Street Journal reporter John Carreyrou, and an HBO documentary feature film, The Inventor: Out for Blood in Silicon Valley.Įlizabeth Holmes was born February 3, 1984, in Washington, D.C. Following the collapse of Theranos, she started dating hotel heir Billy Evans, with whom she had a son in 2021. Holmes was in a clandestine romantic relationship with Balwani during most of Theranos's history. The credibility of Theranos was attributed in part to Holmes's personal connections and ability to recruit the support of influential people, including Henry Kissinger, George Shultz, Jim Mattis, and Betsy DeVos, all of whom had served or would go on to serve as U.S.
ELIZABETH HOLMES TODAY NRTWORTH PLUS
She faces up to 20 years in federal prison, plus potentially millions in restitution and fines sentencing is scheduled for September 26, 2022. ended in January 2022 when Holmes was convicted of defrauding investors, and not guilty of defrauding patients. In June 2018, a federal grand jury indicted Holmes and former Theranos chief operating officer (COO) Ramesh Balwani on nine counts of wire fraud and two counts of conspiracy to commit wire fraud, with the victims being investors and patients. Securities and Exchange Commission (SEC) charged Theranos and Holmes with deceiving investors by "massive fraud" through false or exaggerated claims about the accuracy of the company's blood-testing technology Holmes settled the charges by paying a $500,000 fine, returning 18.9 million shares to the company, relinquishing her voting control of Theranos, and being barred from serving as an officer or director of a public company for ten years.
ELIZABETH HOLMES TODAY NRTWORTH SERIES
The decline of Theranos began in 2015, when a series of journalistic and regulatory investigations revealed doubts about the company's technology claims and whether Holmes had misled investors and the government. In the following year, as revelations of potential fraud about Theranos's claims began to surface, Forbes revised its estimate of Holmes's net worth to zero, and Fortune named her in its feature article on "The World's 19 Most Disappointing Leaders". By 2015, Forbes had named Holmes the youngest and wealthiest self-made female billionaire in America on the basis of a $9-billion valuation of her company. In 2003, Holmes founded and was the chief executive officer (CEO) of Theranos, a now-defunct health technology company that soared in valuation after the company claimed to have revolutionized blood testing by developing methods that could use surprisingly small volumes of blood, such as from a fingerprick. Elizabeth Anne Holmes (born February 3, 1984) is an American former biotechnology entrepreneur who was convicted of criminal fraud.