New York – Forbes has revised the net worth of the woman it crowned America’s richest self-made woman last year from $4.5 billion to nothing.
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Forbes says its estimate of Elizabeth Holmes’ wealth is based entirely on her 50 percent stake in troubled blood-testing startup Theranos. The company acknowledged in April that it’s under investigation by several regulators and agencies following a series of reports by The Wall Street Journal in which former employees said the company’s tests were unreliable. The tests use only a few drops of blood.
Theranos said the articles were inaccurate when they were published.
Forbes says its previous estimate of her wealth came from a $9 billion valuation for the company in 2014.
The 32-year-old Holmes started Palo Alto, California-based Theranos in 2003 and remains its CEO.
That’ll shter the shidduch!
I know that VIN doesn’t write the headlines, it was copied from the AP. Nevertheless, even if a person owns nothing, we cannot say about a human being that they are “worth nothing”. They have a Tzelem Elokim.
#2 only if they’re Yidish
That was quick.
#2
That’s not true. Every human has a tzelem elokim. Or they would be unintelligent Monkeys.
The truth is that many so called tech billionaires are worth nothing. Much of the hype is just that, and many generate zero profits. The only difference is that since this is a medical company did the government get involved.