₦airaland Forum

Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,120,260 members, 4,592,046 topics. Date: Tuesday, 20 November 2018 at 01:20 PM

The World's Youngest Female Billionaire - Nairaland / General - Nairaland

Nairaland Forum / Nairaland / General / The World's Youngest Female Billionaire (1066 Views)

Meet The Girl Who’s The World’s Youngest Billionaire At Only 19 Years / A Teenage Horse Rider Has Become The World's Youngest Billionaire / Meet The Youngest Lawyer In Anambra State Nigeria - Photos (2) (3) (4)

(1) (Reply) (Go Down)

The World's Youngest Female Billionaire by joeadex(m): 1:19pm On Jul 21, 2015
Elizabeth Anne Holmes
Elizabeth Anne Holmes (born February 3, 1984) is an American entrepreneur.She is the CEO of Theranos, a blood test company, which she founded in 2003 at age 19 while she was a chemical engineering major at Stanford University. The company was originally based on her invention and patent for a way to run 30 common lab tests, on blood obtained via a fingerstick, using microfluidics or "lab-on-a-chip" technology - a much faster and cheaper method than traditional lab testing techniques. By 2014, the company offered 200 tests, was licensed to operate in every state in the US, and was valued at nearly $10 billion. Theranos has entered into a partnership with drugstore chain Walgreens to build thousands of Wellness Centers (beginning with California and Arizona) offering a full menu of blood tests directly to consumers at a charge that is generally one-quarter to one-tenth of what others charge.
As of 2014, Holmes had 18 US patents and 66 non-US patents in her name and is listed as a co-inventor on over a hundred patent applications.[7] She is the youngest self-made female billionaire on the 2014 Forbes 400 list, with an estimated net worth of $4.6 billion.

Early Life
Holmes was born in February 1984 in Washington, D.C. Her father, Christian Holmes IV, worked in the United States, Africa and China as part of government agencies such as USAID. Her mother, Noel Anne (Daoust), worked as a Congressional committee staffer. She has a brother, Christian Holmes V, who is the director of product management at Theranos. One of her ancestors was a founder of the Fleischmann's Yeast company. She is related to actress Katherine MacDonald who was married to Christian Rasmus Holmes II (1898-1944).

As a child, she read the biography of her great-great-grandfather Christian R. Holmes, who was a surgeon, engineer, inventor, and a decorated World War I veteran. He was born in Denmark in 1857 and was the dean of the University of Cincinnati College of Medicine, where a hospital is named after him. The career of her ancestor inspired Elizabeth to take up medicine, but she soon found that she had a fear of needles. She later described this fear as one of her motivations to launch Theranos.

When she was 9, her family moved to Houston, where her father had taken up a job with Tenneco and where she attended St. John's School. Intrigued by their father's work in China, Elizabeth and her brother learned Mandarin Chinese at a young age. She spent her teenage years in China, and while still in school, started a business selling C++ compilers to Chinese universities.

Education
After graduating from St. John's School in Houston in 2002, Holmes enrolled at Stanford University to study chemical engineering. As a freshman, she was named one of the "President's Scholars" and given a stipend of $3,000 to pursue a research project. She persuaded her chemical engineering professor, Channing Robertson, to use the money for a project in his lab.

Holmes supplemented her childhood knowledge of Mandarin with summer language programs at Stanford. This helped her obtain an internship at the Genome Institute of Singapore. The Institute was working on developing new methods to detect the SARS coronavirus in blood or nasal swabs.

After her return to Stanford she wrote a patent application, which she showed to Professor Robertson, describing a wearable patch that could monitor variables in the patient's blood, administer a medication, and adjust its dosage to achieve a desired effect. Further, a cellphone chip could be put on this patch for remote monitoring - so-called telemedicine. She filed the patent application in September 2003, as "Medical device for analyte monitoring and drug delivery

Business career
Holmes proposed establishing a company to Professor Robertson in the fall of 2003, while she was a 19-year old sophomore at Stanford. She used money that her parents had saved for her education, to establish Real-Time Cures in Palo Alto. Later, she changed the company's name to Theranos (an amalgam of "therapy" and "diagnosis"wink, because she believed that many people had a cynical reaction to the word "cure". Initially, she worked out of a basement of a group college house. A semester later, she dropped out to pursue her business career full-time. Professor Robertson served as a director of the company.

Over the next decade, the company grew gradually, raising $400 million from Draper Fisher Jurvetson and Larry Ellison, among others. During this time, Theranos operated in "stealth mode", remaining highly secretive to avoid potential competitors and investors who could fund a competitor. In 2007, it took three former employees to court, accusing them of misappropriating trade secrets.

By 2014, the company offered 200 tests and was licensed to run in every state of the US. It had 500 employees and was valued at more than $9 billion. Holmes retained control of more than 50% of the company's equity.

As of 2014, Holmes has 18 US patents and 66 non-US patents in her name and is listed as a co-inventor on over a hundred patent applications. Holmes is the youngest self-made female billionaire on the Forbes 400 list, where she is #111 with an estimated net worth of $4.6 billion.

Personal life
Holmes doesn't own a TV and states she works every day from the time she wakes up until she goes to sleep. She says that "What matters is how well we do in trying to make people's lives better. That's why I'm doing this. That's why I work the way that I work. And that's why I love what I'm doing so much." Henry A. Kissinger, former U.S. Secretary of State and a Theranos board member, described Elizabeth Holmes as a "tech visionary...striking, somewhat ethereal, [and] iron-willed" who "combines fierce and single-minded dedication with great charm..." and is "dedicated to transforming health care around the world"
Source:https://en.wikipedia.org/wiki/Elizabeth_Holmes
Cc:Lalasticlala

1 Like

Re: The World's Youngest Female Billionaire by shalomm: 1:19pm On Jul 21, 2015
picture
Re: The World's Youngest Female Billionaire by dimexilux(m): 1:25pm On Jul 21, 2015
.
Re: The World's Youngest Female Billionaire by TRADELYN: 1:33pm On Jul 21, 2015
grin grin grin

Brainy ladies rock so much!
Re: The World's Youngest Female Billionaire by trapQ: 1:39pm On Jul 21, 2015
My fellow lady?

Boutta get busy. Money must be made.
Re: The World's Youngest Female Billionaire by trapQ: 1:44pm On Jul 21, 2015
If more women were independent it means less bullshit from the men!

Women let's emulate her, it pains me when men mistreat ladies simply because they arent finacialy secure. As a woman you don't have to depend on a man for everything, eg toiletries, undies and clothes. Its shameful and you will continue being trampled upon. Let's emulate her and support our men instead of being leeches and parasites.
Re: The World's Youngest Female Billionaire by neyojoe: 4:09pm On Jul 21, 2015
that's interesting hmmmmmmm......................
Re: The World's Youngest Female Billionaire by anonym0us: 4:52pm On Jul 21, 2015
Nairaland girls Una see Una mate? All these brainless girls wey no fit make nutrient C go come dey form rubbish for forum...

I see why mrcork likes light skinned gehs
Re: The World's Youngest Female Billionaire by joeadex(m): 6:07pm On Jul 21, 2015
anonym0us:
Nairaland girls Una see Una mate? All these brainless girls wey no fit make nutrient C go come dey form rubbish for forum...

I see why mrcork likes light skinned gehs
Dis is lesson to all, nt NL girls only
Re: The World's Youngest Female Billionaire by Nobody: 12:47pm On Jul 22, 2015
And our women are here reading to hustle husband's. Women are thinking yonder shaa!

(1) (Reply)

Plugins, Software And Tutorials For Photography/graphic/design/motion Graphic Et / Dispensal Ponzi Scheme Shot Down Whatsapp Group..........the Beginning Of End. / Apology To Nigerian Men!

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

Nairaland - Copyright © 2005 - 2018 Oluwaseun Osewa. All rights reserved. See How To Advertise. 74
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.