Elizabeth Holmes, 30, is the youngest woman to become a self-made billionaire–and she’s done so four times over. In 2003, as a Stanford undergrad, she founded Theranos, a Palo Alto company that’s disrupting the business of blood testing, replacing the services provided by giants like Laboratory Corp. of America and Qwest CTX -0.08%.
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“What we’re about is the belief that access to affordable and real-time health information is a basic human right, and it’s a civil right,” she says.
Theranos has raised approximately $400 million, with a recent round valuing it at $9 billion–more than the market caps of any of her rivals. Holmes holds 50% of the stock, putting her net worth at $4.5 billion. With just a drop of blood Theranos can do the same tests that used to require vials of it, at lower cost. “It’s one of those white-whale type of approaches, where if this were to become mainstream, then the entire diagnostic testing market would turn over,” says Mike Cherny, the diagnostics analyst at International Strategy & Investment.
Right now Theranos is still small. Its testing centers have been installed at 21 Walgreen’s WAG -1% clinics, with more on the way; it also has a partnership with Intermountain Healthcare.
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