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US self-made woman billionaire falls from riches to rags

Med #StartUp pioneer Elizabeth Holmes isn't America's richest self-made woman, #Forbes says:

  • The medical start-up pioneer once proclaimed America’s richest self-made woman by Forbes magazine was now worth nothing, the business publication reported Wednesday.
  • The US stock exchange authority SEC is also investigating Theranos for stock fraud.
  • Elizabeth Holmes founded the blood-testing company Theranos and holds 50 percent of its shares, which led Forbes to estimate her net worth to $4.5 billion.
  • Angela Merkel has been ranked as the second most powerful person in the world according to Forbes magazine.
  • Holmes only owns common stock in the company, as opposed to preferred stock like Theranos’ other shareholders.

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@dw_business: “Med #StartUp pioneer Elizabeth Holmes isn’t America’s richest self-made woman, #Forbes says:”

Once a billionaire, now penniless: Elizabeth Holmes rose to fame and fortune with a new blood-testing method. But Forbes magazine, who last year crowned her America’s richest woman, now says her pockets are empty.

US self-made woman billionaire falls from riches to rags