Elizabeth Holmes 30 years old, current net worth = $4.5 Billion
That's Billion, with a 'B'.
Pffft, painless prick.
Dick jokes aside, if it's enough to steal my precious blood, it hurts a little.
Sounds like her company can be a real game changer: http://www.wired.com/2014/02/elizabeth-holmes-theranos/
Holmes, now 30, dropped out of Stanford and founded a company called Theranos with her tuition money. Last fall it finally introduced its radical blood-testing service in a Walgreens pharmacy near company headquarters in Palo Alto, California. (The plan is to roll out testing centers nationwide.) Instead of vials of blood—one for every test needed—Theranos requires only a pinprick and a drop of blood. With that they can perform hundreds of tests, from standard cholesterol checks to sophisticated genetic analyses. The results are faster, more accurate, and far cheaper than conventional methods.
The implications are mind-blowing. With inexpensive and easy access to the information running through their veins, people will have an unprecedented window on their own health. And a new generation of diagnostic tests could allow them to head off serious afflictions from cancer to diabetes to heart disease.
None of this would work if Theranos hadn’t figured out how to make testing transparent and inexpensive. The company plans to charge less than 50 percent of the standard Medicare and Medicaid reimbursement rates. And unlike the rest of the testing industry, Theranos lists its prices on its website: blood typing, $2.05; cholesterol, $2.99; iron, $4.45. If all tests in the US were performed at those kinds of prices, the company says, it could save Medicare $98 billion and Medicaid $104 billion over the next decade.
Wow. Bad ass. My routine bloodwork was a few hundred bucks (I think I had to pay $100 of it). Good for her.
And yes, she's cute.
well i only have a few more years til 30 and to catch up to her net worth. I've been called prick before with no financial gains though....zing.
Seriously though it's crazy how such ideas that most would pass off as "are you stupid?" can be a game changer when actually put in use.
Well at least she made that money by doing something with actual value. My first thought was "4.5 Billion? So what stupid-ass thing did she burden the world with?"
Although it is a big step towards making society GATTACA-ready, so...
I find it a bit ironic that she got her start with Walgreens. She is saving Medicare $millions, and Walgreens got caught defrauding medicare for $many millions.
She didn't invent the technology, but appears to have found a way to utilize it efficiently. I did a piece on a guy here that supposedly came up with the idea and was working on perfecting it some years ago. We have a place here called Hudson Alpha Institute that is the largest micro research place in the world, started by the guy that invented DNA chaining. Anyway, he recruited this guy from China for exactly this reason.
However, it appears she has taken it to the masses. I would think there will be many others heading our way soon as well. But being first to the market definitely has its advantages. And yes, I think she's cute and smart.
Unfortunately, nearly all of the sophistication associated with this type of innovation is in preventing the existing players from maintaining the status quo, doing an end-around, or gobbling you up…the science piece is actually relatively straight forward.
I work in the med tech industry and the chatter is that she has done a brilliant job of surviving the compulsory attacks. At this point, it looks like she has reached critical mass where the competition is changing tactics from trying to take her out to trying to go along for the ride.
Win-Win-Win…she gets fantastically rich (as she deserves), health care costs are truly reduced (as opposed to the epic deception that’s currently unfolding), and the quality of care is improved (quicker detection of more disorders).
This is big, you may one day realize that she saved your life.
Fueled by Caffeine wrote: She doesn't have time for any of you.
I'm holding out for Sandra Bullock. More my age.....
RX Reven' wrote: …she gets fantastically rich (as she deserves), health care costs are truly reduced..
It does give you an idea of how stupid the numbers involved are. You make a system that greatly reduces the cost of something, and you make 4.5 billion doing it! (of course, that number is based on the valuation of the company and her onwnership, not what income the company, or what she has made, but still)
You'll need to log in to post.