Bumble CEO now a rare self-made female billionaire

Business

(NewsNation Now) — This week, Whitney Wolfe Herd became one of the few women in the world who can now add self-made billionaire to her title.

The 31-year-old’s company, Bumble, is now trading on Wall Street. According to Forbes, this makes her the world’s youngest billionaire. Wolfe Herd founded the popular dating app that puts women in the driver’s seat.

“Bumble has basically turned upside down, on its head, the traditional norms of the guy leading the dating process. So Bumble really puts the woman at the center,” Michael Moe, Global Silicon Valley CEO said.

Wolfe Heard shared her reaction to the launch on Twitter.

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.

Whitney Wolfe Herd

Of the 559 companies that have gone public in the past year, just three, including Bumble, have female founders. Wolfe Herd wrote via Twitter that she hopes to tell her son one day and hopefully “by the time he can understand, women and mothers leading public companies will be the norm, not the exception.”

Bumble shares rose a further 7.3%, extending big first-day gains Thursday on the company’s initial public offering.

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