Insider Finance - Business - Elizabeth Holmes’ prison life

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May 30, 2023

Hello, Insiders. Shona Ghosh here, UK deputy executive editor. Elizabeth Holmes, the perplexing founder behind the failed blood-testing startup Theranos, is set to report to prison today.

For those of us riveted by Theranos’ collapse, laid out by the journalist John Carreyrou in his book “Bad Blood,” it should be a natural close to the saga. But questions persist: Why lie? How were so many of her high-profile investors fooled? And… is she worse than other founders who exaggerate and lie? Let me know your thoughts at insidertoday@insider.com.

In today’s edition:

ChatGPT's secret reading list is pretty mind-blowing.
The average American millennial has a net worth of $128,000.
Sales of metallic boots and sequin dresses soar as fans dress up for Taylor Swift’s tour.

— Shona Ghosh

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THE BIG STORY

Holmes heads to prison

Philip Pacheco/Getty Images

She was once America’s youngest self-made female billionaire. Today, Elizabeth Holmes is set to report to prison after being convicted on four of 11 counts of fraud and conspiracy.

The disgraced Theranos founder, who was once reported to have a net worth of $4.5 billion, is now expected to stay in a cell the size of a restroom in her $13,000 a-month home, according to a sketch based on descriptions of the prison. She also faces working for as little as 12 cents an hour and 6 a.m. wake-up calls.

It will be a drastic change from her life of luxury, so it may not come as a surprise that she previously delayed the start of her sentence. However, some people are looking forward to her arrival — including a number of current prisoners, per the WSJ. "Some people are like 'I want to be her friend,'" one told the paper.

READ THE FULL STORY HERE

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ChatGPT's secret reading list. OpenAI won't say what books it has used to train ChatGPT. But some data experts have figured it out — and the list is kind of mind-blowing. We've rounded up the top 50 books read by GPT-4, including "Harry Potter and the Sorcerer's Stone," "Fifty Shades of Grey," and "1984." See the full list here.
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Meet the average American millennial. They’re a parent, a homeowner, and have a net worth of $128,000, according to data. But while they may no longer be the economic victims of years past, three major hurdles still stand in their way, including student debt and childcare. Read more.
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A 34-year-old quit his day job after setting up two bachelorette-themed Airbnbs. Kent He used data to find "outsized opportunities" in the short-term rental market. He was able to achieve financial independence after setting up his two spots in Scottsdale, Arizona. Here's how.
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This edition was curated by Shona Ghosh, and edited by Hallam Bullock, Lisa Ryan, and J.R. Stacey. Get in touch: insidertoday@insider.com.

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UK deputy executive editor youngest selfmade female billionaire The Saudi crown prince A Chinese EV billionaire journalist John Carreyrou Wagner mercenary army former Russian commander three major hurdles Beltway sex symbol shortterm rental market fashion retailer Altar secret reading list average American millennial THE BIG STORYHolmes Famer Tina Turner many smaller landlords

Insider Finance - Business - Elizabeth Holmes’ prison life

Key phrases

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