Since shedding her billions from former unicorn startup well being tech company Theranos, where is Elizabeth Holmes now and what is her current net worth?
In this textAs Theranos founder and former CEO Elizabeth Holmes prepares to serve the 11-year prison sentence she was given in November 2022 for defrauding investors, many can't help however wonder where her net worth stands. Is Holmes still a billionaire?
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We already know that Holmes lost billions since her 2018 indictment, but her status as a billionaire managed to stay intact amid the fracturing of a once-unicorn. Now that she has been convicted and ordered to pay fines and restitution (which shall be determined at a later date), how much of her fortune stays in 2023?
Elizabeth Holmes
Businesswoman, founder and former CEO of Theranos
Net worth: $0
Elizabeth Anne Holmes is the founding father of Theranos. During the time the corporate was in operation, she served as its CEO. After it used to be found out that Theranos had been misrepresenting the precision of its blood research era and have been defrauding investors, the corporate went beneath.
Birthdate: February 3, 1984
Birthplace: Washington, D.C.
Education: Attended Stanford University
Spouse: Billy Evans
Kids: 2
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What is Elizabeth Holmes current net worth?
Theranos is also liable for giving Holmes a name in Silicon Valley and a once impressive net worth of paper, but its downfall has led to her receiving a lengthy prison sentence and decreased net worth. Today, Holmes has a net worth of $0 — 0, zilch, nada.
At one level all through her trial, the former CEO reportedly claimed she could not have the funds for prison representation and requested that she be supplied with criminal counsel, in keeping with Celebrity Net Worth.
As for Theranos' former COO Sunny Balwani, his net worth has faired significantly better. While some speculate Balwani’s net worth to be someplace around $84 million, which may or would possibly not include the $16 million he collected from the sale of his California mansion, we suspect he’s worth a ways much less given what used to be spent on his legal case.
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In July 2022, Balwani used to be sentenced to nearly 13 years in prison. He is anticipated to give up himself on March 15, 2023.
What took place to Theranos?
Back in 2018, the SEC charged two executives of the privately held company Theranos with fraud. Holmes and her former colleague Ramesh “Sunny” Balwani have been each charged with severe crimes and felony trials had been held one at a time for every, which started around the summer of 2022. Those charges got here after Theranos was accused of utilizing improper generation.
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Because Theranos was privately held, the SEC didn't mandate the company to close down. Instead, Holmes was compelled to return 18.Nine million shares of Theranos stock. The company ended up dissolving just a few months after Holmes' departure anyway.
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Why used to be Elizabeth Holmes' trial behind schedule 4 instances?
My mother simply emailed me to tell me the Elizabeth Holmes trial is not on time six weeks as a result of she's pregnant.
— Janine Sickmeyer (@myfriendjanine) March 13, 2021Holmes, who is now 39 years old, controlled to push back her trial (with her lawyer's help, of course) four instances prior to in the end being convicted. In March 2021, Holmes' legal professionals announced the defendant's being pregnant, which pushed her trial get started date again from July (Holmes gave birth to her first kid in July 2021). The trial's 3 previous delays have been due to the COVID-19 pandemic.
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Now, even supposing the trial is over and Holmes has been sentenced, the Theranos founder is pushing to prolong her jail time period seeing that she not too long ago gave start to her 2nd kid. Holmes is also planning on appealing her conviction and a hearing is scheduled for March 17, 2023, CNN reported. Depending on how that is going, Holmes may or will not be required to turn herself in on April 27.
Well looks as if she must of used a few of that stolen budget to pay for a family member to lift her youngsters if she got caught. She knew she used to be breaking the legislation and she or he knew she had two small children to take care of.
— Thee Scorpio Goddess (@ladyscorp40) March 2, 2023Article continues under commercial
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Elizabeth Holmes' net worth has risen and fallen through the years.
At the peak of her profession in 2015, Holmes' net worth reached an estimated $4.Five billion. Most of this got here from her 50 percent stake in Theranos, which used to be worth about $9 billion. At this level, Theranos' blood assessments have been in large part considered to be respectable.
By the time 2016 rolled round and the reality at the back of Theranos became transparent, her net worth fell through about $1 billion.
By 2020, Holmes' net worth sank to mainly nothing. She used to be in truth in debt to Theranos to the track of $25 million, even given the corporate's dissolution. Her felony fees also are a hot matter, particularly for the reason that trial used to be postponed four occasions.
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