Technology billionaire who puts women first

Whitney Wolfe Herd

Whitney Wolfe Herd

You may not have heard of her, but Whitney Wolfe Herd, the founder of the dating app Bumble, has joined Forbes’ list of ultra-rich people.

While others like billionaire Kim Kardashian are grabbing the headline, it is argued that a herd of lesser-known wolf can serve as a similarly powerful role model.

The 31-year-old became the youngest self-made female millionaire in the world when she unveiled Bumble in February.

She sat her 18-month-old baby son on her hips and rang the Nasdaq bell. In her speech, she said she wanted to make the Internet a “more kind and more accountable place.”

In an interview with the BBC In 2017, Wolfe Herd said the secret to becoming an effective CEO is not to “think too seriously” about yourself. She also emphasized the need to find a balance between work and life and make time for the family, even if that meant “taking an afternoon vacation.”

It’s interesting that she became a member of the Millionaires Club.

Before Bumble, she was one of Tinder’s founding teams, but she left after tensions with other executives (the one she was dating). Shortly thereafter, she had a sexual harassment incident.

Tinder’s parent company, Match Group Inc, rejected the claim but paid about $ 1 million to resolve the dispute.

As a result of the incident, she experienced many online abuses and urged her to delete her Twitter account.

Bumble is rather clearly dominating women.

The central focus of her app is that only women can start a conversation in a heterosexual match. It’s a simple idea, but it makes a difference to people in the dating scene who are hit by unwanted messages from men.

She founded Bumble with the help of early investor Russian billionaire Andrey Adreev. He has also invested in Badoo, both of which were sold in November 2019.

Ms. Wolf Held owns a 11.6% stake in Bumble with an estimated net worth of $ 1.3 billion. She is also responsible for Badoo. The two apps have a total of 40 million users, of whom 2.4 million pay subscriptions.

Wolfhard grew up in Utah and was interviewed after Bumble was released. She told time magazine About the abusive relationship she had when she was a teenager, and how it “made her understand what’s wrong with gender dynamics” and at the same time “brought her to nothing.”

Bumble on the phone

Bumble floated on the Nasdaq at a value of $ 8.2 billion

In the same interview, she seemed determined to put her past behind her. “I don’t have to justify myself anymore,” she said.

“Why am I cleaning up someone else’s drama? Women are always cleaning up someone else’s confusion.”

Her willingness to speak frankly and avoid corporate remarks has won her fans.

She may be keen on paving the way for other tech companies, but last year Bumble recorded more than 880,000 incidents that violated the guidelines. Like many other platforms, it relies on artificial intelligence to scan hate speech.

Its latest campaign opposes body shaming and bans derogatory remarks about appearance, shape and size.

Ms. Wolf Held is one of the 328 women who created Forbes’ list of 2021 billionaires in the world, up from 241 women last year.

This year, Amazon’s chief Jeff Bezos’ ex-wife, Mackenzie Scott, is one of the wealthiest women in the top three-top by Alice Walton, who earned her money through Wal-Mart and front runner Francoise Bettencourt Myers. I was beaten to the seat. L’Oreal.