The CEO and founder of Bumble, Whitney Wolfe Herd, has officially been crowned the world’s youngest self-made female billionaire at 31 years old!
Today, @Bumble becomes a public company. This is only possible thanks to the more than 1.7 billion first moves made by brave women on our app — and the pioneering women who paved the way for us in the business world. To everyone who made today possible: Thank you. #BumbleIPO 💛🐝 pic.twitter.com/OMLNGNvECB
— Whitney Wolfe Herd (@WhitWolfeHerd) February 11, 2021
Whitney co-founded the women-empowering dating app back in 2014, and saw the worth in her 11.6% share in Bumble shoot up when shares rocketed from $43 to $76 when it was launched on the Nasdaq exchange – making her worth a whopping $1.6 billion.
She is also the youngest female CEO to ever make a company public in the US, with Bumble following in the footsteps of Match.com’s Match Group.
Whitney created the app after she sued her previous employer, dating app Tinder, for sexual harassment. Tinder denied her allegations and matters were settled outside of court.
Now, 5 million users use Bumble monthly and distinguishes itself by putting women in control – only female users can make contact first with matched male users, whilst same-sex matches can have either one making the first move.
Speaking about why she created the app, Whitney shared, ‘I have experienced first-hand how unequal relationships negatively impact all areas of life. I wanted to change this.’
Bumble even introduced a new feature to help people navigate and communicate however they feel comfortable to date, especially with the ongoing pandemic, ‘virtual only, socially-distanced, or socially-distanced with masks.’