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Bumble’s 31-year-old CEO becomes a rare female billionaire

By Devon Pendleton, Benjamin Stupples

11 Feb 2021 · 3 min read

A company catering to women and led by women has made its 31-year-old female founder a billionaire. Bumble Inc., the owner of the dating app where women make the first move, sold shares in its upcoming trading debut at $43, valuing Chief Executive Officer Whitney Wolfe Herd's stake at more than $900 million and lifting her overall fortune above $1 billion.

The listing caps a saga that's both inspiration and cautionary tale for women tech founders. Wolfe Herd capitalized on an underserved market and built a multibillion-dollar company that was in a sense born from one of the most vexing obstacles to women entrepreneurs: sexual harassment.

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