Elizabeth Holmes

Elizabeth Holmes (born February 3, 1984) founded the health technology company Theranos in 2003, claiming to have revolutionized blood testing with methods requiring only a fingerprick—a promise that made her the youngest self-made female billionaire in 2015, according to Forbes, based on a $9 billion valuation. However, investigations in 2015–2016 exposed these claims as fraudulent, leading Forbes to revise her net worth to zero, and in 2018 the SEC charged her and COO Ramesh "Sunny" Balwani with raising $700 million through deception; she settled with a $500,000 fine and a ten-year ban from public company leadership. A federal grand jury indicted her in 2018, and her trial concluded in January 2022 with a conviction for defrauding investors (though she was acquitted of defrauding patients), resulting in an 11.25-year prison sentence beginning May 30, 2023, plus a $452 million restitution order. Her credibility was bolstered by influential backers like Henry Kissinger, George Shultz, James Mattis, and Betsy DeVos, while her clandestine romantic relationship with Balwani fostered a "dysfunctional corporate culture" of secrecy and fear. Born in Washington, D.C., to a family proud of its yeast-empire heritage (including the founder of Fleischmann's Yeast), Holmes later married hotel heir Billy Evans in 2019 and has two children, born in 2021 and 2023.