Elizabeth Anne Holmes is a white woman born in Washington, D.C., United States to Christian Rasmus Holmes IV and Noel Anne Daoust Holmes. Christian is of Danish and Hungarian descent.
While attending St. John’s School in Houston, Texas, Holmes became interested in computer programming. Partway through high school, she started attending the summer Mandarin program of Stanford University in Stanford, California, USA.
Elizabeth was an admirer of Apple founder Steve Jobs. Here are 13 more things about her:
- In 2002, she attended Stanford University where she studied chemical engineering and worked as a student researcher and laboratory assistant in the university’s School of Engineering. In the same year, she met Ramesh “Sunny” Balwani.
- In 2003, she filed her first patent application on a wearable drug-delivery patch and founded the company Real-Time Cures in Palo Alto, California, which she later named as Theranos.
- From 2003 to 2016, she and Balwani were romantically involved. He joined Theranos in 2009 as the president and left the company in 2016.
- In March 2004, she dropped out of Stanford University’s School of Engineering and used her tuition money as seed funding for a consumer healthcare technology company. By December 2004, she had raised $6 million to fund Theranos. By the end of 2010, company had more than $92 million in venture capital.
- By the end of 2014, her name appeared on 18 U.S. patents and 66 foreign patents.
- In 2015, she established agreements with Cleveland Clinic, Capital BlueCross and AmeriHealth Caritas to use Theranos technology.
- In July 2016, the Centers for Medicare and Medicaid Services (CMS) banned her from owning, operating or directing a blood-testing service for a period of two years.
- She denied any wrongdoing when Theranos settled a lawsuit filed in 2017 by the state of Arizona, USA, which accused the company of selling 1.5 million blood tests to Arizonans while concealing or misrepresenting important facts about those tests.
- In March 2018, the U.S. Securities and Exchange Commission (SEC) charged her and Balwani with fraud by taking more than $700 million from investors while advertising a false product. On March 14, 2018, she settled an SEC lawsuit. On June 15, 2018, she and Balwani were indicted on nine counts of wire fraud and two counts of conspiracy to commit wire fraud. They both pleaded not guilty.
- In 2019, she married Evans Hotels heir William “Billy” Evans. They live in San Francisco, California.
- In 2020, her defense requested a federal court to drop all charges against her and her Balwani but the judge kept the 11 charges of wire fraud.
- In July 2021, she gave birth to a boy. On November 29, 2021, she testified in court that she had been raped while she was a student at Stanford University and that she sought solace from Balwani in the aftermath of the incident.
- On January 3, 2022, she was found guilty on four counts of defrauding investors of Theranos, particularly one of conspiracy to commit wire fraud and three counts of wire fraud. She was 38 years old when U.S. District Judge Edward Davila sentenced her on November 18, 2022 to 135 months in prison and ordered her to surrender by April 27, 2023.