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Bumble IPO makes CEO a billionaire

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The initial public offering for dating app Bumble Inc. made CEO Whitney Wolfe Herd a billionaire.

Wolfe Herd’s stake in the company is valued at $1.5 billion after the company's shares rose 67% in their trading debut.

Wolfe Herd becomes one of the few female billionaires in the world. Women account for less than 5% of the world’s 500 biggest fortunes, according to the Bloomberg Billionaires Index.

Read more from Bloomberg.

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