Classification: Factual Record / Company File

Evidence File / 001-EH

Updated: July 19, 2026Status: CONVICTED
ID: 001-EH — FORBES 30U30 2014 (FORBES 400)CONVICTED
Elizabeth Holmes
FounderElizabeth Holmes

Theranos

Stanford (dropout) / Wire fraud, conspiracy

Forbes 2014FORBES 400Reviewed July 19, 2026

NOT 30 UNDER 30 — FORBES 400 YOUNGEST SELF-MADE FEMALE BILLIONAIRE. EVEN MORE PRESTIGIOUS. HONORARY HEADLINER.

Convinced the world she built a blood analyzer that could run 200+ tests from a single drop. It couldn't run one. $700M raised on a machine that was actually a Siemens device behind a curtain with rigged demos for investors. Stanford dropout who fooled Kissinger, Mattis, and the Walton family. Named Forbes' youngest self-made female billionaire in 2014 at a $4.5B valuation — later revised to $0.

Fraud Severity11 YRS PRISON
StatusCONVICTED
Amount / exposure$700M+