There’s a New Billionaire In Town: Elizabeth Holmes Debuts on Forbes
Our friends at Forbes released their annual 400 List on Monday, September 29. The 2014 list featured plenty of familiar faces, with Bill Gates, Warren Buffet and Larry Ellison still dominating top spots. Tech-favorite Mark Zuckerberg made the most gains this year and so on. In the midst of it all, however, records have been shattered. One of the youngest billionaires on the list this year is also the youngest self-made female billionaire. Her name is Elizabeth Holmes.
Elizabeth Holmes is just 30 years old and has a net worth of $4.5 billion, and she earned every penny herself. In 2003, Holmes left Stanford University to start a blood testing company called Theranos. She was just a sophomore in college at the time.
Her labs offer quick blood testing for much less than commercial laboratories, many of which need vials of blood. Theranos specializes in “finger prick” blood testing. Just a drop is all their need. Venture capitalists have invested $400 million in Theranos. It is currently valued at $9 billion.
Last year, big news sealed her fate as a familiar face on Forbes: Walgreens announced that it was going to open Theranos Wellness Centers in all of its pharmacies! Although she’s making her debut this year, it’s clear billionaire Elizabeth Holmes will be around for a very long time.