From self-made billionaire to fraud charges - the rise and fall of Elizabeth Holmes prior CEO of Theranos.

Elizabeth Holmes left Stanford University to establish Theranos in 2003, aiming to revolutionize blood testing with minimal blood samples. Theranos's business model was based around the idea that it could run blood tests, using proprietary technology that required only a finger pinprick and a small amount of blood. Holmes said the tests would be able to detect medical conditions like cancer and high cholesterol. Holmes started raising money for Theranos from prominent investors like Oracle founder Larry Ellison and Tim Draper, the father of a childhood friend and the founder of prominent VC firm Draper Fisher Jurvetson. Theranos raised more than $700 million, and Draper has continued to defend Holmes. The startup raised over $700 million and was valued at $9 billion, with support from investors like Rupert Murdoch and Larry Ellison. In 2014, Forbes named Holmes the world's youngest self-made woman billionaire, with a net worth of $4.5 billion at age 30. However, from 2015, Theranos' technology faced scrutiny, and it was revealed that the company used other firms' machines. Forbes revised Holmes' net worth to $0 in 2016 amid investigations. On January 3, 2022, Holmes was found guilty of four fraud charges, acquitted on four, and the jury couldn't reach a verdict on three counts.