31-year-old U.S. female entrepreneur who has risen to 1 trillion won in the dating app jackpot

‘Bumble’ made by Whitney Wolf Heard, stock price surges after public offering

Whitney Wolf Heard, founder of the dating app Bumble
Whitney Wolf Heard, founder of the dating app Bumble

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(Los Angeles = Yonhap News) Correspondent Jung Yoon-seop = A 31-year-old woman who founded’Bumble’, a popular dating application (app) in the United States, joined the ranks of the richest man in the 1 trillion won level as the youngest.

Bumble founder Whitney Wolf Heard has become a billionaire by successfully listing the company on the New York Stock Exchange, reported on the 12th (local time), a US economic magazine, Forbes.

Bumble’s stock price soared from the first day of its listing on the 11th, closing at $70.31, and Wolf Heard’s stock valuation of $1.51 billion (KRW 1.67 trillion), which holds 2.154 million shares.

On the second day of the deal, Bumble closed the market at $75.46 with a bullish trend, and Wolf Hurd called his fortune at $1.62 billion (1.7 trillion won).

Forbes said that Wolf Heard is the youngest among self-made billionaires (Villiarnaire) who have not inherited a fortune, and is the youngest of the female CEOs in the United States who have made an IPO.

Bumble's listing on NASDAQ
Bumble’s listing on NASDAQ

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Founded 7 years ago by Wolf Heard, Bumble is gaining popularity by granting only female members the right to speak to a favorite person first.

The app environment was created so that female members can feel safe and comfortable, thereby building differentiation and competitiveness.

He is also the co-founder of Bumble’s biggest rival, Tinder.

Although he was Vice President of Tinder Marketing, he left after filing a lawsuit against the company, pointing out the culture of sexual harassment and discrimination in the company.

The Bloomberg news agency said, “The sexual harassment incident of Wolf Heard on Tinder promoted the birth of the dating app Bumble, which gives priority to women.”

After breaking up with Tinder, he founded Bumble, a women-first social networking platform in Austin, Texas, in 2014, and has grown into a dating app company with more than 100 million users.

In relation to the company’s future outlook, Wolf Hurd told Reuters that the novel coronavirus infection (Corona 19) has fueled the popularity of dating apps.

“People are making meaningful relationships digitally first and then moving on to physical relationships, and this is a truly phenomenal change,” he said.

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