• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
success

The Theranos Disaster Shows Us the Dangers of Chasing Fame and Fortune

By
Steve Tobak
Steve Tobak
Down Arrow Button Icon
By
Steve Tobak
Steve Tobak
Down Arrow Button Icon
June 17, 2016, 9:00 AM ET
Key Speakers At 2015 The Fortune Global Forum
Billionaire Elizabeth Holmes, founder and chief executive officer of Theranos Inc., speaks during the 2015 Fortune Global Forum in San Francisco, California, U.S., on Monday, Nov. 2, 2015. The forum gathers Global 500 CEO's and innovators, builders, and technologists from some of the most dynamic, emerging companies all over the world to facilitate relationship building at the highest levels. Photographer: David Paul Morris/BloombergBloomberg Bloomberg via Getty Images
Add Fortune on Google for similar content.

“May you live in interesting times” – Anon

People have been obsessed with fame and fortune since ancient times. I’m guessing it has something to do with biology: Since evolution favors the strong over the weak, whatever gets you to the top of the food chain is probably a good thing.

On the other hand, the human race has evolved over the millennia. Or at least that’s what I’m told. In these enlightened times, you’d think that maybe, just maybe, we’re past pursuing superficial goals like becoming a viral YouTube star and making megabucks.

Well, think again.

All you have to do is turn on the tube, scroll through your favorite online news feed or peruse any number of best-selling business books to see we’re not as evolved as we think we are. We’re just as obsessed with the personal habits of millionaires, billionaires and famous entertainers as we’ve ever been, if not more so.

I’m not here to judge, mind you. Far be it from me to comment on whatever your hopes and dreams may be. But if becoming a household name and getting checks with lots of zeros are what you’re after, let me explain why you might want to rethink your strategy and put those notions right out of your mind.

Related: No Work-Life Balance? Give Me a Break.

Think back to the last notable star you were stalking – I mean reading about. Whether it was an entrepreneur like Richard Branson, an athlete like Steph Curry or an actress like Jennifer Lawrence, I guarantee they didn’t get to where they are by seeking fame and fortune. They got there by pursuing their passions and striving for excellence. The rewards may come with the territory, but that’s rarely what they’re after.

I say rarely, not never. Like moths to a flame, many succumb to the fatal attraction of big bucks and bright lights.

Take Theranos’ embattled CEO Elizabeth Holmes, for example. If you had the chance to hear her speak about creating a world where patients can obtain quick and inexpensive diagnoses from a few drops of blood, you could feel her passion. I did — before everything began to unravel.

Now, I wonder: What possessed her to use the power of public relations to become an instant entrepreneurial icon, garner a $9 billion valuation for her startup and amass a $4.5 billion personal net worth based on overblown hype? What drove her to inflate her supposed breakthrough, ensuring that the technology was never vetted by the scientific community?

 

Much of Holmes’ fame and fortune has since evaporated after it was revealed that Theranos’ proprietary technology simply does not work.

Maybe Holmes wasn’t aware of what she was really after. You’ve got to admit, the notion of disrupting a $76 billion lab-testing market is pretty heady stuff. It’s easy to imagine the sort of attention she received became addictive. The limelight can be blinding.

Today’s entrepreneurs are fond of saying they want to change the world. The first time I heard Holmes use that phrase was in response to the Wall Street Journal’s initial blockbuster expose on Theranos. “This is what happens when you work to change things,” she said, “First they think you’re crazy, then they fight you and then all of a sudden you change the world.”

Her response evokes an ancient curse: “May you live in interesting times.” It’s what I tell starry-eyed entrepreneurs whenever they use that ubiquitous three-word phrase. Holmes is certainly living in interesting times now. I hear Lawrence has signed on to play her in a movie about Theranos by Adam McKay, who directed The Big Short. Not the sort of notoriety Holmes was after, I’m sure.

Anyone who has achieved material success or notoriety will tell you that it’s not all it’s cracked up to be. It comes with great responsibility, and if you’re not mature, savvy or sane enough to exercise some discipline and restraint, it will be remarkably short-lived.

Related: Tesla and Theranos Are Pushing the Limits of Silicon Valley’s Hype Machine

Unfortunately, we’re living in an age of instant gratification. With all the diet crazes, miracle cures and health fads, it should come as no surprise that a similar quick-fix mentality has bled into the business world through popular, self-help style books, blogs and websites.

But here’s the thing. If fame and fortune is what you’re after, you may very well find it to be fleeting — or even a curse.

And if you do aspire to the more noble pursuits of career success or financial independence, you’ll be wise to understand that those are all long-term goals. You achieve them by finding work you enjoy, working hard and making good choices. Your career is a marathon, not a sprint. There are no shortcuts.

About the Author
By Steve Tobak
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Best private student loans for medical school
Personal Financestudent loans and debt
Best private student loans for medical school
By Joseph HostetlerJuly 2, 2026
5 hours ago
Michael Burry just shorted Caterpillar’s 172% AI rally. One analyst says his bet won’t even matter
Investingstock prices
Michael Burry just shorted Caterpillar’s 172% AI rally. One analyst says his bet won’t even matter
By Marco Quiroz-GutierrezJuly 2, 2026
6 hours ago
Opti-Greens 50 Review (2026): Insights from Hands-On Testing
HealthDietary Supplements
Opti-Greens 50 Review (2026): Insights from Hands-On Testing
By Christina SnyderJuly 2, 2026
6 hours ago
U.S. Treasury Secretary Scott Bessent
EconomyDebt
AI’s $2.2 trillion deficit fix is already half fake, economists say
By Tristan BoveJuly 2, 2026
7 hours ago
s
Personal FinanceSports
The sports economy is unaffordable at the bar, let alone the stadium
By Catherina GioinoJuly 2, 2026
7 hours ago
m
Politicsfraud
Trump fights fraud by freezing funding for New York’s Medicaid Fraud Control Unit
By Ali Swenson, Geoff Mulvihill and The Associated PressJuly 2, 2026
7 hours ago

Most Popular

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
2 days ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
8 days ago
Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
Success
Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
By Orianna Rosa RoyleJuly 2, 2026
19 hours ago
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii
Success
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii
By Sasha RogelbergJuly 2, 2026
9 hours ago
Current price of oil as of July 1, 2026
Personal Finance
Current price of oil as of July 1, 2026
By Joseph HostetlerJuly 1, 2026
2 days ago
Americans are escaping the U.S. for New Zealand where house prices have hit a new low—but only wealthy Americans with $3 million spare can invest
Success
Americans are escaping the U.S. for New Zealand where house prices have hit a new low—but only wealthy Americans with $3 million spare can invest
By Emma BurleighJuly 2, 2026
11 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.