Forbes: Former richest self-made US woman now worth nothing
Theranos said the articles were inaccurate when they were published.
NEW YORK (AP) — 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.
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
