Easy come, easy go...

robeiae · Jun 2, 2016

http://www.npr.org/sections/thetwo-...th-holmes-plunges-to-0-in-new-forbes-estimate

Citing her company's problems, Forbes says it has sharply revised its estimate of the net worth of Theranos founder Elizabeth Holmes. One year after Holmes topped the magazine's list of the wealthiest self-made women with a worth of $4.5 billion, Forbes now values her fortune at "nothing."

The company itself has gone from a $9 billion valuation to an $800 million one. And if it was liquidated, almost all of that money would go to the initial investors.

That's got to be a tough pill to swallow...

darkprincealain · Jun 2, 2016

There have been allegations that their tech does not work.

Opty · Jun 2, 2016

darkprincealain said:
There have been allegations that their tech does not work.

Yes, that's the entire reason the company is going belly up and is now worth pretty much nothing.

Amadan · Jun 2, 2016

She may have gone from "$4.5 billion to nothing," but somehow I don't think she'll be eating ramen. If she squirreled away even a tiny fraction of her paper assets anywhere else, she's set for life.

clintl · Jun 2, 2016

Well, since the company wasn't publicly traded yet, she probably didn't have the opportunity to do that.

darkprincealain · Jul 8, 2016

Update to this, she has been banned from owning or operating a medical lab for up to two years.

Easy come, easy go...

robeiae

Touch and go

darkprincealain

Opty

Amadan

clintl

Represent.

darkprincealain