Elizabeth Holmes: The Dropout Self-made Billionaires
This is the youtube link, please watch
https://www.youtube.com/watch?v=EToDw9fhlbo
Today, she is worth less than 0.1 Billlion
This post is about Casualty Rate of Self-made Billionaires
Each year, about 7% of self-made billionaires dropout of the list
(during boom times, there are fewer dropouts, during bust time the number of dropouts increase)
I will use Elizabeth Holmes as an example, because she is a high profile case.
In 2015, Elizabeth Holmes was worth an estimated
$4.5Billion
Elizabeth Holmes was born in Washington DC in 1984. Her grandfather Christian R Holmes was a medical inventor.
She was a prodigee in high school, having mastered Chinese, C++ and won a President Scholar and began her study at Chemical Engineer at Stanford University
Her most famous invention, the one drop blood test
Her Board of Director included 2 former secretary of states: Henry Kissinger and George Schultz
Unfortunately, the one drop blood test does not work.
The failed blood tests were discovered by John Carreyrou
Here is a picture of John Carreyrou
John Carreyrou is TWICE Pulitzer Prize Winners
from the Wall Street Journal
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