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1. Elizabeth Holmes
Elizabeth Holmes was only a Stanford University sophomore when she dropped out of college and co-founded Theranos, a blood testing company that made waves for its revolutionary blood testing procedures. Theranos’ claims that it has devised new ways of testing blood using only a small amount of blood. Stocks soared after extensive media coverage, and Elizabeth Holmes was propelled to billionaire status and was named by Forbes as the youngest self-made billionaire worth $4.5 billion. However, Theranos was hit with allegations of fraud and that its products don’t work as advertised, which resulted in investigations done by the federal government agencies. Elizabeth Holmes’ net worth plunged to $0 and she has since stepped down from Theranos.