By Robert Miller | Portfolio Manager at NAOS Asset Management
Elizabeth Holmes, dropped out of university to start a small blood testing company called Theranos. From the outside looking in, Theranos underwent a meteoric rise. Holmes, the ‘world’s youngest self-made billionaire’ attracted a very high profile board of directors and graced the covers of magazines such as Forbes, Times and Fortune. Theranos attracted substantial investment from the likes of Rupert Murdoch and the Walton family. In the end it all came crashing down in September 2018.
Season one of The Dropout from 2019 takes us through the fascinating story that is Theranos. The ensuing years have seen the key figures go through the legal process and has resulted in Elizabeth Holmes being on trial facing multiple fraud charges which could see her in prison for up to 20 years. Season two of The Dropout follows this trial which began in September 2021.
Link to podcast
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