WHITNEY Wolfe Herd, who is the founder of the dating app Bumble, has amassed an eye-watering net worth since she started the platform.
She has become one of the youngest female chief executives leading a public company.
Whitney Wolfe Herd[/caption]
Who is Bumble CEO Whitney Wolfe Herd?
Wolfe Herd was born and raised in Salt Lake City, Utah.
Fluent in French, she majored in International Studies at Southern Methodist University and spent a year abroad studying at Sorbonne University in Paris.
At the age of 20, she started a business selling bamboo tote bags to raise funds for areas affected by the BP oil spill in 2010.
The non-profit, launched with celebrity stylist Patrick Aufdenkamp, was called “Help Us Project” and Nicole Richie and Rachel Zoe were pictured wearing the bags.
Whitney Wolfe Herd attends the 2019 Time 100 Gala[/caption]
Wolfe Herd launched a second business with Aufdenkamp called “Second Heart” – a clothing line raising awareness of human trafficking.
After travelling to Southeast Asia to work in orphanages, Wolfe Herd joined the development team for dating app Tinder.
She was named vice president of marketing for the company.
Wolfe Herd later sued the company, alleging that her co-founders subjected her to sexual harassment.
Tinder parent Match Group Inc, which denied the allegations, paid about $1 million to settle the dispute.
Whitney Wolfe Herd sits for a portrait in the Manhattan borough of New York City[/caption]
She moved to Austin, Texas and founded Bumble – a female-focused dating app.
Wolfe Herd was named one of Business Insider’s 30 Most Important Women Under 30 In Tech in 2014 and one of Elle’s Women in Tech in 2016.
She was also named in Forbes 30 Under 30 in 2017 and 2018.
Wolfe Herd in Forbes’ top 100 “America’s richest self-made women” in 2020.
What is her net worth?
Wolfe Herd’s wealth jumped from $498 million to $1.6 billion on Thursday, February 11 as her firm celebrated a successful first day on Wall Street.
Shares soared nearly 80 percent on their stock market debut, fetching a $14 billion valuation.
The company’s shares opened at $76 on the Nasdaq, well above its initial public offering price of $43 per share.
Wolfe Herd wrote on Twitter: “Today, @Bumble becomes a public company.
Whitney Wolfe Herd attends Pioneers With Purpose: Entrepreneurship and Empowerment With the Founders of Bumble and DVF[/caption]
“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.”
Who is Whitney Herd’s husband Michael Herd?
Michael Herd, a Texas oil heir and restaurateur, has been married to Whitney Wolfe Herd since 2017.
The couple met four years earlier in Aspen when both were on vacation.
Michael was having a long lunch at the time, according to Vogue.
“I sat down next to him and was giving him a hard time about wasting such amazing conditions,” Whitney told the magazine in 2017.
Michael Herd and Whitney Wolfe Herd attend the 2018 Time 100 Gala[/caption]
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“Michael admitted he didn’t know how to ski, and being from Utah and having grown up skiing, I was perplexed as to why someone who couldn’t ski would be on a ski vacation.”
He would suggest that Whitney teach him how to ski.
They would start dating on Valentine’s Day.