Bumble CEO Whitney Wolfe Herd becomes billionaire at 31
Shares of Bumble Inc, rose 67% in its trading debut to $72 at 1:03 pm in New York, valuing Chief Executive Officer Whitney Wolfe Herd’s stake at $1.5 billion
Wolfe Herd has entered into a rare club of self-made female billionaires.
Women make up about half of the global population, but self-made women — mostly from Asia — account for less than 5% of the world’s 500 biggest fortunes, according to the Bloomberg Billionaires Index. Self-made men comprise almost two-thirds of the wealth index.
Out of the 559 companies that have gone public in the US over the past 12 months, only two, aside from Bumble, were founded by women.
Wolfe Herd established the Austin, Texas-based organization in 2014 after her takeoff from Tinder, the adversary dating application she helped found.
The split was rancorous, set apart by a lewd behavior claim Wolfe Herd documented against the organization, charging in addition to other things that she was consistently called slanderous names by heads and deprived of her fellow benefactor part since having a "young lady" with that title "causes the organization to appear to be a joke."
Last year the world’s 500 richest people gained $1.8 trillion, yet 91% of that went to men, according to the Bloomberg index.
It’s become the second-most popular dating app in the US with the help of advertisements bearing tag lines such as: “Be the CEO your parents always wanted you to marry.”
