Bumble CEO and co-founder Whitney Wolfe Herd became the youngest woman billionaire at the age of 31. The dating company went public on Thursday in the US. With her nearly 12 percent stake in the company, 31-year-old Wolfe Herd ended the day with a net worth of $1.5 billion.
Bumble’s success story will inspire women entrepreneurs for sure. Self-made women account for less than 5% of the world’s 500 biggest fortunes
Wolfe Herd founded Bumble back in 2014 after she left Tinder. She also filed a lawsuit against Tinder for sexual harassment and reportedly received more than $1 million plus stock as part of a settlement.
Bumble is a female-focused dating app where women can make the first move after the match.
After the IPO, Bumble’s market capitalization rose to $8.6 billion. Match Group, which owns Tinder, also tried buying Bumble for $450 million back in 2017 but the proposal was categorically rejected.
