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Wednesday, November 6, 2024
CEOWORLD magazine - Latest - Tech and Innovation - Bumble CEO Whitney Wolfe Herd Becomes The Youngest Self-Made Woman Billionaire In The World

Tech and Innovation

Bumble CEO Whitney Wolfe Herd Becomes The Youngest Self-Made Woman Billionaire In The World

After shares of Bumble Inc (NASDAQ: BMBL) soared during its initial public offering, its founder and chief executive officer Whitney Wolfe Herd became the youngest self-made woman billionaire in the world. The 31-year-old’s net worth notched $1.5 billion.

Whitney Wolfe Herd’s nearly 12% stake in the company was worth $1.6 billion. She owns 21.54 million shares of the company, which has a market capitalization north of $8 billion.

In addition to being the youngest self-made female billionaire in the world, she is also the youngest female CEO ever to take a company public in the United States. In 2012, Whitney Wolfe Herd started working for the Match Group Inc. (NASDAQ: MTCH) dating app Tinder. She says she came up with the name “Tinder.” Wolfe Herd founded Bumble in 2014 shortly after she sued Tinder, her previous employer, for sexual harassment.

Wolfe Herd created Bumble as a service “by women, for women”, touting it as a place where women were empowered and harassment was rigorously policed. On Bumble, only women can make the outreach first, a differentiating factor from Tinder and other online dating apps.


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CEOWORLD magazine - Latest - Tech and Innovation - Bumble CEO Whitney Wolfe Herd Becomes The Youngest Self-Made Woman Billionaire In The World
Ryan Miller
Ryan Miller is a Senior Economist and Alternate Executive Editor at CEOWORLD magazine. He specializes in global finance, labor laws, international banking, public financial management, fiscal policy, and applied microeconomics. In his current role, he oversees the production of special reports, profiles, and lists for the magazine. Prior to this, he was an Advisor to the Editor-in-Chief for one year. Before that, he served as the lead economist for Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama), Europe, and Central Asia in the magazine's news division. Ryan has extensive experience in economic forecasting, surveillance, and providing economic policy advice.


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