Elizabeth Holmes has been ordered to pay a large sum in restitution to victims of Theranos’ fraud.
On Tuesday, she and Ramesh “Sunny” Balwani — co-defendants in her case, as well as her ex-boyfriend and one-time president and COO of Theranos’ — were ordered to pay $452 million in restitution.
The largest amount so far has been earmarked for media mogul Rupert Murdoch, who will get back the full $125 million poured into Theranos.
RDV Corporation, which manages assets for the DeVos family, which includes Amway co-founder Richard DeVos and former US Secretary of Education Betsy DeVos, will receive approximately $100 million.
Who is Elizabeth Holmes?
Ever since Theranos shuttered its operations, people have wondered what happened to Elizabeth Holmes’ net worth. The former CEO and founder of the now-defunct Silicon Valley health technology company was once the world’s youngest self-made billionaire women. But now, Elizabeth Holmes’ net worth looks awfully different.
Holmes was born on February 3, 1984, in Washington, D.C. Her mom, Noel, was a Congressional committee staffer, whereas her dad, Christian, was a vice president at the energy giant Enron before moving onto government positions at agencies like USAID.
When she was a child, Holmes and her family moved from Washington, D.C. to Houston, Texas. Even at an early age, Holmes had an instinct for invention, often filling up entire notebooks with drafts for plans and designs. “What I really want out of life is to discover something new, something that mankind didn’t know was possible to do,” she wrote in a letter to her father when she was just nine years old.
Elizabeth Holmes Net Worth 2023
So, what is Elizabeth Holmes’ net worth today? According to Forbes, after the collapse of Theranos, Elizabeth Holmes’ net worth will drop from $4.5 billion to $0 by 2022. The former company’s founder and CEO was charged with fraud by the US Securities and Exchange Commission (SEC) in 2018 along with the company’s former chairman, Ramesh “Sunny” Balwani. That same year, the United States Attorney for the Northern District of California announced the indictment of Holmes and Balwani on charges of wire fraud and conspiracy.
Holmes’ trial was originally scheduled to begin in August 2020, but was delayed following her pregnancy. His trial began a year later in August 2021. On January 3, 2022, Holmes pleaded guilty to three counts of wire fraud and one count of conspiracy to commit wire fraud. On November 18, 2022, she was sentenced to 11 years and three months in prison, which would begin on April 27, 2023.
