Forbes magazine released its cover story on Elizabeth Holmes, the founder, and CEO of Theranos. Amidst a lot of hype, scrutiny, and criticism, what were some of the highlights and lowlights of this cover story?
Elizabeth Holmes’ Net Worth
Elizabeth Holmes was born on July 6, 1985, in West Plains, Missouri. She is the co-founder and CEO of Theranos, a Silicon Valley startup that raised $9 billion in its latest round of funding. Forbes Magazine has ranked her as the youngest self-made female billionaire with a net worth of $4.5 billion. Forbes also named her one of the world’s most powerful women.
However, there have been several controversies surrounding Holmes and Theranos. The first was when it was reported that the company’s blood testing technology did not work as promised and that it had exaggerated its claims about its technology. Shortly after, The Wall Street Journal published an article alleging that Holmes had deliberately misled investors about her company’s prospects and used their money to lavish herself with luxury items and travel. Finally, in September 2017, federal prosecutors charged Holmes with two counts of wire fraud for allegedly lying to investors about her company’s progress. If convicted, she could face up to 20 years in prison.
Despite these controversies, Theranos has continued to operate and raised another $500 million in funding. It remains unclear what will happen to the company now that Holmes is facing criminal charges.
How Did Elizabeth Find Herself On The Forbes Cover?
Elizabeth Holmes, the founder of Theranos, has been in the news lately for all the wrong reasons. The company she founded and led until recently was accused of fraud by federal regulators, putting her wealth at risk. Forbes uncovered some unflattering details about her personal life in its cover story this week, which portrays her as a self-promoting CEO with questionable business skills.
But there are also good reasons to spotlight Elizabeth Holmes on our cover. She is one of the youngest to be a self-made billionaire, and she has used her money to fuel a series of ambitious startups. Most notably, she created Theranos, which made headlines for its purported ability to accurately test blood samples using just a few drops.
Despite all the hype around Theranos and Elizabeth Holmes, the startup is now facing allegations of fraud. If these allegations are confirmed, it could mean that Elizabeth’s career as an entrepreneur is over before it even began. Despite these setbacks, Elizabeth Holmes has plenty to admire – from her drive and ambition to her unique ability to turn complex challenges into successful businesses.
Elizabeth’s Life Story
Elizabeth Holmes is the founder of Theranos, a technology company that promises to change how we use Benedictine blood tests. Forbes magazine profiled her in their November issue, and while many see her as a visionary, many criticize her for her past lies and accusations of fraud. Here’s Elizabeth’s life story:
She was born on July 6, 1985, in San Diego, CA, to parents Larry and Polly Holmes. Her mother was an obstetrician, and her father worked at a computer company. She grew up around computers, working with them from an early age. In high school, she started a business making custom computer accessories for friends and family.
In 2004, she dropped out of college after two years to start Theranos with $250,000 she raised from friends and family. The idea behind the company was to create a portable device that could quickly give accurate readings on blood sugar levels. The device would also be cheaper than traditional methods like glucose testing strips and needles.
The first version of the device could have worked better, but Elizabeth persevered and continued to build the business. By 2013 it had become worth over $9 billion, thanks to its partnerships with primary healthcare organizations like Walgreens and Kaiser Permanente.
Despite this success, there have been some controversies surrounding Elizabeth Holmes throughout her career. In 2014 she was sued by former employees who accused her of false advertising.
What Does Elizabeth Think About Herself Now?
Elizabeth Holmes is, by all accounts, a brilliant and successful woman. She is the founder and CEO of Theranos, which was recently valued at $9 billion. Forbes’ cover story on her tells the story of her rise to power and her tumultuous recent past.
Despite her impressive accomplishments, there are some doubts about her character. In particular, there are allegations that she lied about the accuracy of Theranos’s technology. Additionally, there has been discussion about whether she could accurately value her company at its current valuation.
Despite these controversies, Elizabeth Holmes remains an influential figure in Silicon Valley. She has spoken about women in leadership roles and has encouraged other young entrepreneurs to pursue their dreams.
What Are Her Future Plans?
Elizabeth Holmes has been called the “female Steve Jobs” and is the youngest self-made female billionaire in history. Her start-up, Theranos, hyperextended her net worth from $1 billion to an estimated $5.7 billion in just two years. Forbes recently released a cover story that paints her as a brilliant visionary and ruthless businesswoman. Here are some of the best and worst parts of their article:
The Best:
She’s young, female, and self-made – these are all common qualities among billionaires but rarer among women. Holmes is already a role model for others who want to start their businesses.
She also has an impressive track record as CEO of her own company. In just two years, Theranos grew from a startup with just six employees to one with more than 400. She achieved this despite major controversies surrounding her company – including allegations that she lied about how well her blood tests could detect diseases like cancer.
Despite all the challenges she faced, Holmes never lost faith in herself or Theranos – she even said that it was “the best thing that ever happened” when The Wall Street Journal published a scathing investigation into her company in 2015.
The Worst:
Her ruthless business practices have raised questions about whether she’s benefited society as much as she claims. Forbes reports that Holmes has used aggressive tactics to acquire new customers and investors.
Conclusion
It’s no secret that Elizabeth Holmes has been through a lot in the past few years. From her controversial $5 billion startup to her shocking indictment on securities fraud charges, it’s safe to say that she’s had quite the journey. But despite all of the drama, there are some great things about Elizabeth Holmes, too – like her relentless drive and determination. And no matter how tough times get, we can always count on her to stand up for what she believes in.
