World’s Youngest Female Billionaire-Is She The Next Steve Jobs?

Elizabeth Holmes is the youngest female billionaire at the age of 24. Steve Jobs was rich by the age of 24 when his company Apple went public. But he was not a billionaire. He made something like $200-250 million with Apple IPO. Jim Cramer, the CNBC host of Mad Money Show recently interviewed Elizabeth Holmes.

Elizabeth Holmes founded the Theranos technology, which allows individuals to provide blood samples in a way that is faster, cheaper and better. As a college dropout from Stanford University when she was a sophomore, Holmes decided to take her money and focus on changing the world instead.

In 2014 Theranos raised $400 million, and the company was valued at $9 billion. As a 50 percent owner of the company, Holmes became the youngest self-made female billionaire in the world in 2014.

“This is a revolutionary company that threatens to change healthcare the same way that Amazon changed retail or Intel and Microsoft changed computing, or Apple changed the cellphone,” the “Mad Money” host said.

As an investor, you need to be ahead of the crowd. Those who had invested in Apple, Microsoft or Google much earlier than the crowd were millionaires in a decade. Health care is a big issue now in USA. If this company can reshape the health care landscape in USA, it can be the new Apple. But just like any other technology only time can tell who won and who lost.

On December 12, 1980, Apple launched its IPO (initial public offering) of its stock, selling 4.6 million shares at $22 per share with the stock symbol “AAPL” on the NASDAQ market.

The shares sold out almost immediately and the IPO generated more capital than any IPO since Ford Motor Company in 1956. Instantly, about 300 millionaires, some 40 of which are Apple employees and investors, are created. That is more millionaires than any company in history had produced at that time. Steve Jobs, the largest shareholder, made $217 million dollars alone.

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