Elizabeth Holmes Net Worth: How rich is the convicted billionaire

You say life is a journey of ups and downs and can change at any time. Well, the saying became a literal truth for the billionaire who has become the captive Elizabeth Holmes, whose biotechnology start-up made it a billionaire overnight and then led to it was convicted.Holmes is currently back in the spotlight, since your partner Billy Evans has now launched a new bloodest company that markets itself to New York Times as a “future of diagnostics” and offers “a radical new approach for health tests”. In addition, according to sources, Holmes also advises the start-up from the Texas prison, in which she serves an eleven-year prison sentence for fraud. Who is Elizabeth Holmes and what is her story? Let's find out!

Who is Elizabeth Holmes?

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Elizabeth Anne Holmes is a 41-year-old mother of two children who founded the company's real-time parts in 2003, which she later renamed Theranos to “democratize health care”. The idea behind the company came from Holmes's own fear of needles and therefore tried to create blood tests that would require only small amounts of blood. In one year of work behind her idea, Holmes collected a financing of 6 million US dollars for the company until 2004, which rose to more than 92 million US dollars by the end of 2010. In 2011 she even received the former State Secretary George Shultz in order to compete with her board to a board, which was recognized as a “mostly illustrated board in the US company history”.Finally, the company started blood sample centers in a partnership with Walgreens in 2013. Holmes' start-up led her to the covers of happiness, Forbes, the New York Times Style Magazine and more.However, the downfall soon came when John Carreyrou from Wall Street Journal initiated an investigation into Theranos after giving a medical expert a tip that was of the opinion that the blood test device of the company, Edison, appeared suspicious. The journalist spoke to former employee -Whistleblower and received company documents. Although Holmes threatened the journalist and the publication with legal and financial threats against the publication of the revelations, the journal published an article in 2015 in which EDISE provided inaccurate results and that the company used market equipment for its tests.The journalist published a number of articles about the company and even wrote a book.In 2016, the centers for Medicare and Medicaid Services (CMS) sent a warning letter to Theranos after inspecting their California laboratory and found irregularities. In the same year, CMS has invested a ban from Holmes from possession, operation or instructions of a blood test for two years. The state of Arizona then submitted a lawsuit against Theranos in 2017 because he had sold 1.5 million tests to arizoners with false information. In 2018, Holmes and former President of the Ramesh Balwani company were charged by the SEC for fraud of more than 700 million US dollars.The two were charged with nine charges of wire fraud and two conspiracy counts to inspect wire fraud. Holmes was found guilty for four cases of narcotics, three counts of wire fraud and a conspiracy for the inspection of wire fraud, which means that they are currently serving a 11 1/4 year prison in the federal prison camp in Bryan, Texas.

What is Elizabeth Holmes' net assets?

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When she started with Theranos, Holmes had a value of 4.5 billion US dollars and collected $ 400 million in risk capital. She was recognized by Forbes as the youngest homemade female billionaire in the world.Now, however, it is worth a 0 US dollar and, according to celebrity, has a negative negative of 226 million US dollars.While your net assets can now be $ 0 if your partner Evans' restart, which Theranos seems incredibly similar, she can be in wealth again.