Elizabeth Holmes’ Net Worth Once Made Her a Billionaire—Here’s How Much She Makes Now (2023)

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Elizabeth Holmes’ Net Worth Once Made Her a Billionaire—Here’s How Much She Makes Now? ›

So, what is Elizabeth Holmes' net worth today? After the fall of Theranos, Elizabeth Holmes' net worth went from a reported $4.5 billion to $0 as of 2022, according to Forbes.

Prosecutors also wanted Holmes to pay $804 million in restitution. The amount covers most of the nearly $1 billion that Holmes raised from a list of sophisticated investors that included software magnate Larry Ellison, media mogul Rupert Murdoch and the Walton family behind Walmart.

Elizabeth Holmes became America's youngest ever self-made female billionaire after taking Silicon Valley by storm through her company, Theranos.

Theranos raised more than $700 million from venture capitalists and private investors, resulting in a $10 billion valuation at its peak in 2013 and 2014. In 2016, Forbes revised the estimated net worth of the company to $800 million taking into account the $724 million of capital raised.

In 2014, Forbes had named Holmes as the world's youngest self-made woman billionaire worth $4.5 billion when she was just 30 years old. Here's all you need to know about Elizabeth Holmes and the Theranos scam: 1. Elizabeth Holmes rose to the Silicon Valley fame after founding Theranos in 2003 at age 19.

So, what is Elizabeth Holmes' net worth today? After the fall of Theranos, Elizabeth Holmes' net worth went from a reported $4.5 billion to $0 as of 2022, according to Forbes.

Now, the documents have been unsealed. Having invested $150 million, the Walton family heirs of the Walmart founder have the dubious honor of being the biggest investor in Theranos, The Wall Street Journal reports. The family is one of four investors to put more than $100 million into the company.

Story: Big name investors among Theranos biggest losers

For instance, the Wall Street Journal reported, the Devos family lost an estimated $100 million in their investment while Murdoch lost $125 million and the Walton family lost $150 million.

As the heir apparent to the luxury hotel brand, his net worth is estimated to be around $10 million, though this figure hasn't been confirmed.

Holmes gave birth to her first child with fiancé Billy Evans — whom she met in 2016 — in July 2021.

How much money did everyone lose on Theranos? ›

It falls into the highest category of financial loss as defined by U.S. sentencing guidelines. Defense lawyer Kevin Downey offered a much smaller number for the financial loss suffered by investors: $44.3 million to $48 million.

The SEC charged Theranos, its founder and CEO Elizabeth Holmes, and its former President Ramesh "Sunny" Balwani with fraud. Holmes lost control of the company, returned millions of shares, and was barred from serving as an officer or director of a public company for 10 years.

In March that year, Holmes settled civil charges from financial regulators that she had fraudulently raised $700m from investors.

But old age is not a requirement for amassing great wealth. In fact, there are 15 people around the globe who boast a three-comma fortune despite being 30 years old or younger. The youngest of this mostly lucky bunch are Clemente Del Vecchio and Kim Jung-youn, neither of whom have hit their 20s yet.

Theranos officially shut down in 2019.

Once worth $4.5 billion, Holmes lost both her company and the bulk of her fortune after she and others associated with her, were accused of committing wire fraud, conspiracy to commit wire fraud, and misleading patients and investors. Much of Holmes' money was used to support her lifestyle and cover legal fees.

Holmes was sentenced to over 11 years in prison for defrauding investors in her blood testing start-up.

Short answer: the main technology didn't work well enough to do what Elizabeth Holmes of Theranos claimed, so a “machine” couldn't be fixed that would solve the lack of accuracy.

Evans' LinkedIn profile doesn't list a place of current employment, but it does show that he worked at LinkedIn itself upon graduation, staying there until February 2017. He then moved to Luminar Technologies, a self-driving car company, as a special projects manager.

It sought $140 million in damages, matching its investment in the embattled startup. In June, the companies reached a tentative settlement in which Theranos would pay Walgreens less than $30 million, people familiar with the deal told The Wall Street Journal.

Did any Theranos employees make money? ›

Former lab associate Erika Cheung testified earlier this week that she made about $19 an hour working for Theranos.

The lowest-paid workers at Theranos make less than $28,000 a year, while the highest-paid workers earn over $68,000. Salaries vary by department as well.

John Carreyrou's reporting led to the downfall of Theranos

But the technology never worked, and the claims were false. The downfall of Theranos began in 2015, when John Carreyrou, then an investigative reporter for The Wall Street Journal, exposed the company's false claims in a series of articles.

Disgraced Theranos CEO Elizabeth Holmes will not be starting prison yet. Under rules from the 9th U.S. Circuit Court of Appeals, Holmes' surrender date, scheduled for Thursday, has been automatically delayed until the court rules on her appeal.

Former Theranos executive Ramesh “Sunny” Balwani will be heading to prison later this month after an appeals court rejected his bid to remain free while he contests his conviction for carrying out a blood-testing hoax with his former boss and lover, Elizabeth Holmes.

The Theranos founder, who was convicted of fraud and conspiracy last year, spoke with The New York Times for a profile published Sunday that offered a look at her life with her partner, William "Billy" Evans, and their two children as Holmes prepares to begin serving her 11-year prison sentence.

All About Her Two Children With Billy Evans. The former Theranos CEO just opened up about her life in a New York Times article.

May 23, 2013, Portola Valley, CA

Ian Gibbons / Died

Christian Holmes V

Elizabeth Holmes / Brother

The Dropout, a Hulu series, portrays about Elizabeth Holmes and demise of her health-tech business, Theranos, as a consequence of two whistleblowers, Erika Cheung and Tyler Shultz. Both Cheung and Shultz were whistleblowers at Theranos, as depicted in The Dropout, a Hulu series about Holmes and her firm Theranos.

Did the US government invest in Theranos? ›

DeVos, the former education secretary in the Trump administration, invested $100 million in Theranos in 2014. Lisa Peterson, who oversees private equity investments at RDV Corp.

Nearly a decade ago, Holmes raised $945 million from high-profile investors including the family of former Education Secretary Betsy DeVos, Rupert Murdoch and the Walton family of Walmart fame.

Attorney for Henry Kissinger tells jurors he invested $6 million in Theranos after meeting Elizabeth Holmes.

Holmes lived on the grounds of a $135 million Silicon Valley estate throughout her trial, according to multiple reports in 2021. The 74-acre estate is located in Woodside, Calif., less than an hour away from the San Jose courthouse where the trial took place.

Former Theranos CEO Elizabeth Holmes arrives for her sentencing at federal court with her partner Billy Evans in San Jose, California.

At 14 years old, Mia Talerico has more than $1 million to her name. The actress is best known for starring in the TV series “Good Luck Charlie,” which she started working on at just 11 months old.

There are 337 women on the 2023 World's Billionaires list, including a familiar face as the world's wealthiest. T he reign of Françoise Bettencourt Meyers continues.

Luxury Mogul Takes Top Spot. The world's richest person is France's Bernard Arnault, the chief executive of LVMH.

In January 2022, Holmes was found guilty on four charges of defrauding investors, and in November she was sentenced to over eleven years in prison. More information around the downfall of Theranos was revealed in the trial, with prosecutors accusing Holmes of destroying evidence in Theranos' final days in business.

Walgreens and Theranos originally planned to make testing available at store locations across the country. But they only ended up in 40 stores before the pharmacy chain ended the deal after many questions were raised about the authenticity of the tests. Elizabeth was eventually put on trial for fraud, and convicted.

Why is Theranos not possible? ›

One of the big problems that never was solved for Theranos was the equipment needed a specific volume, and since Holmes was set on using a blood prick they would have to dilute the blood, which would skew the data on analysis(6).

Elizabeth Holmes loses bid to avoid prison and is ordered to pay $452M in restitution. The disgraced Theranos CEO has sought to overturn her conviction in a blood-testing hoax that brought her fleeting fame and fortune.

2014: With over $400 million in funding, Theranos was valued at nearly $9 billion. Holmes effectively became a multi-billionaire thanks to her 50% stake.

On January 3, 2022, after a nearly four-month trial, a federal jury convicted Holmes of one count of conspiracy to commit fraud on investors and three counts of committing fraud on individual investors which involved wire transfers totaling more than $140 million.

Theranos recorded net losses of $16.2 million in 2010, $27.7 million in 2011, $57 million in 2012 and $92 million in 2013, according to Spivey, who also goes by Danise Yam.

Story: Big name investors among Theranos biggest losers

For instance, the Wall Street Journal reported, the Devos family lost an estimated $100 million in their investment while Murdoch lost $125 million and the Walton family lost $150 million.

Ms. Holmes confirmed that she owned more than 250 million shares of Class B stock, a supervoting class of shares that afforded her 100 votes per-share, compared with the one vote per-share other investors held.

Silicon Valley startup Theranos snagged FDA approval for its finger-stick test for herpes, a feather in the company's cap as it looks to expand the reach for its product and challenge its rivals' business models.

Former Theranos CEO Elizabeth Holmes always dreamt of being a billionaire. In that sense and only that sense, her wildest dreams came true.

Walgreens Lost Over $100 Million Investing in the Now Defunct Theranos.

How did Theranos get so much funding? ›

Holmes received money for the startup from no less famous names: Walmart's founding Walton family invested $150 million, media mogul Rupert Murdoch put in more than $120 million while former Secretary of Education Betsy DeVos contributed $100 million. They all lost their investments when Theranos collapsed.

It was John Carreyrou, twice-Pulitzer-prize-winning journalist of The Wall Street Journal who first broke the story in 2015.