It was just a matter of time: shortly after none other than "youngest ever billionaire" Elizabeth Holmes herself admitted that the technology of her "innovative" company Theranos had been effectively a fraud, when several weeks ago the company voided and restated years of test results, the valuation of the company has finally been adjusted to reflect the underlying value of the company. And Holmes' own net worth.
As Forbes reports today, after Elizabeth Holmes topped the Forbes list of America’s Richest Self-Made Women with a net worth of $4.5 billion, today, the magazine lowered its estimate of her net worth to nothing.
She's a sweetie, but a fraudulent and now broke sweetie. The best hucksters always come across very well.
rags to riches to rags
ReplyDeleteBut not an orange jumpsuit in a jail cell...
ReplyDeleteyet.
She's a con artist, the moral equivalent of Bernie Madoff. No reason to give her a pass because she's young and more dear tell pretty.
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