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Bumble's CEO Whitney Wolfe Herd has recently joined the super-rich bandwagon and become a billionaire.
Whitney Word Herd is just 31 years old and has a net worth of $ 1.5 billion based on the Bumble stock closing at $70.31 as reported by Forbes.
Whitney Wolfe Herd was born to a property developer father and a homemaker mother in the Salt Lake City of Utah.
Whitney Wolfe Herd is notorious for her bold nature and decisions and it has reflected in her business ideas as well. She started dating app Bumble, where women get to make the first move over conventional male-dominated dating culture.
Wolfe was enrolled at the Southern Methodist University of Texas. She started her first business at an early age of 19.
Austin, Texas-based Bumble was founded in 2014 by Whitney Wolfe Herd, a co-founder of rival app Tinder, which she left earlier that year.
Whitney Wolfe Herd joined a Los Angeles based startup at the age of 22 and later on involved in the development of a dating app which became Tinder in future.
Tinder was an instant hit not just in the US but globally and it is said that the name Tinder was Wolfe's brainchild.
She has been credited with the co-founder of Tinder. Whitney Wolfe Herd worked as Tinder's Vice President (Marketing) for the next couple of years.
The Bumble app is one of the first dating apps built with women at the centre, and the Badoo app, which was founded in 2006, is one of the pioneers of web and mobile dating products.
Bumble currently employs over 600 people in offices in Austin in the US, Barcelona, London and Moscow.
Bumble is the parent company of Badoo and Bumble, two of the world`s highest-grossing dating apps with millions of users worldwide and faces competition from the Tinder and Hinge.
Last year, tennis star Serena Williams joined Priyanka Chopra as an investor of the social and dating app.
Whitney Wolfe Herd had sued Tinder 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, said a Reuters report.
A court fight, however, broke out in 2018 after Bumble rejected a $450 million acquisition offer from Match.
Match had filed a lawsuit against Bumble alleging intellectual property infringement. But Bumble counter-sued two weeks later accusing Match of fraud and trade secrets theft.
Both lawsuits were later dropped that same year.
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