Connect with us

Hi, what are you looking for?

Investing

Bumble dating app founder becomes youngest ever billionaire at 31 after stock market float

Dating app Bumble’s founder Whitney Wolfe Herd has become a billionaire at 31.

Dating app Bumble’s founder Whitney Wolfe Herd has become a billionaire at 31.

Herd’s wealth jumped from £362million to £1.1billion as her firm celebrated a stellar first-day trading performance on Wall Street, with shares soaring nearly 80 per cent on their stock market debut.

Shares started trading at $76 on the Nasdaq – considerably higher than the $43 which the company had sold shares to public investors the night before.

The company now has a market cap of £10billion despite recent results showing that it swung to a loss of £85million in the first nine months of last year on revenues of £302million.

Former Tinder executive Wolfe Herd founded Bumble in 2014. Her app was heralded as a game changer in the usually predatory world of online dating as it lets women pick the men rather than vice versa.

The app has the tag line ‘by women, for women’, touting it as a place where women are safe and empowered, and where harassment is rigorously policed.

The IPO puts Wolfe Herd into a very rare club of female billionaires. While women make up about half of the global population, self-made women account for fewer than 5 per cent of the world’s 500 biggest fortunes.

She is married to Texas oil heir Michael Herd. They met while skiing in 2013 and had a three-day wedding on Italy’s Amalfi Coast in 2017.

A self-confessed workaholic, she has claimed to wake up every two hours during the night to check her inbox. ‘I’m trying to stop that,’ she said in 2017. ‘I get no downtime.’

Read more:
Bumble dating app founder becomes youngest ever billionaire at 31 after stock market float

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

THE DEPARTMENT of Agriculture (DA) approved a suggested retail price (SRP) of P125 a kilo for imported red onions in the National Capital Region...

Economy

THE PHILIPPINE ECONOMY could grow by as much as 8-10% if the government can address the gaps in agriculture, investment, and good governance, according...

Economy

By Keisha B. Ta-asan, Reporter GLORIA L. JAPON, a 48-year-old public school teacher from Cavite south of the Philippine capital, admits struggling to pay...

Economy

GLOBE Telecom, Inc. has signed an agreement to lease telecommunications towers in Southern Luzon to a unit of Thailand-based Sky Tower Plc. to monetize...

Economy

A UNIT of listed holding firm A Brown Co., Inc. has secured a P400-million funding for the construction of a commercial electron beam or...

Economy

MANILA Water Co., Inc. on Monday said that it would submit its completion plan to build and operate water, sewerage and sanitation projects until...

You May Also Like

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.