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# Elizabeth Holmes

Random fact: Former U.S. Secretary of State Henry Kissinger was an adviser.

Overview

Holmes is the chief executive officer of Theranos, the medical testing startup whose blood-testing technology attracted questions about its accuracy and viability. She founded the venture capital-backed company that's shifted its focus to the development of miniLab, a tabletop diagnostic tool for lab tests.

As of Nov. 23, 2017:
Last change ()
YTD change ()
Industry Medical Labs & Testing Srv
Biggest asset N/A
Citizenship United States
Age 31
Wealth Self-made
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Relative Value

Elizabeth Holmes's net worth of can buy ...

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troy ounces of gold
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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

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Biography

Birthdate: 1984
Family: Single, No children
Education: Stanford School of Engineering

Elizabeth Holmes was born in February 1984 in Washington, D.C. Her father, Christian, worked for various U.S. government aid agencies; mother Noel was a congressional staffer on Capitol Hill, according to a June 2014 profile of Holmes in Fortune magazine.

The family moved to Houston in 1993, where Holmes began to learn Mandarin. She started her first business in high school, selling computer software to Asian universities, according to her Stanford University biography. She studied chemical engineering at Stanford in 2002, dropping out her sophomore year to start RealTime Cures, a company focused on improving diagnostic tests that were derived from her patent for a wearable medical device, "Medical Device for Analyte Monitoring and Drug Release." She got the idea after spending a summer working on disease detection at the Genome Institute of Singapore, according to a speech she gave at Stanford University in 2009.

Holmes raised $6 million in venture capital, according to her university profile, and set up an office in Palo Alto. The next decade saw the company -- renamed Theranos -- develop its laboratory tests and services, pioneering an automated, low-cost and non-invasive process. The company raised $10 million in a 2006 funding round, and $100 million four years later, according to a 2010 filing with the U.S. Securities and Exchange Commission.

Drugstore chain Walgreen announced in September 2013 that it would start introducing Theranos testing centers at its outlets. The company's most recent funding round valued it at more than $9 billion, Holmes said in an interview with Bloomberg News on July 2, 2015. She doesn't date and hasn't taken a vacation in ten years, according to a December 2014 profile in the New Yorker.

Since October 2015 a series of stories in the Wall Street Journal have questioned the viability of Theranos' technology, citing former employees and customers. U.S. regulators are currently scrutinizing the medical-testing company and Holmes was banned in July 2016 for two years from owning or operating laboratories. The startup closed its blood-testing labs and fired about 340 workers in October 2016 and 155 in January 2017, shifting its focus to miniLab, a diagnostic tool for the medical industry.

Milestones
  • 1984 Elizabeth Holmes is born in Washington, D.C.
  • 2003 Spends the summer working at the Genome Institute of Singapore.
  • 2003 Drops out of Stanford to start Theranos.
  • 2013 Theranos testing centers open in Walgreen stores.
  • 2015 First Theranos test is cleared by Food and Drug Administration.
  • 2015 Article in Wall Street Journal questions viability of Theranos.
  • 2016 U.S. regulators find serious shortcomings at lab in California.
  • 2016 Banned from owning or operating laboratories by U.S. regulators.