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Bumble founder and CEO Whitney Wolfe Herd became the world’s youngest self-made woman billionaire this week after shares of the dating app company soared during its initial public offering.
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The 31-year-old's net worth notched $1.5 billion Thursday, according to Forbes, after Bumble's stock closed at $70.31 per share during its first day on the public market.
By 1 p.m., Wolfe Herd's nearly 12% stake in the company was worth $1.6 billion, the outlet reported. She owns 21.54 million shares of the company, which has a market capitalization north of $8 billion.
The $1.6 billion mark is a far cry from her previous net worth of about $575 million, according to Forbes' prior estimates.
Aside from her newly acquired billionaire status, Wolfe Herd is also the youngest female chief executive to take a company public in America, according to the outlet.