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by leahbarton 1715 days ago
What's your source on her wealth? I'm only finding second hand sources stating up to 5 million...
4 comments

It's based on her co-founding Hinge, which apparently is now worth $2b. Hinge had sold 100% of shares by 2019, so she might have done well for herself, but definitely not 50% of current valuation.
She founded Hinge that was bought by Match Group for $2 billion.

Update: There is no verifiable information about her stake in the company.

There is no reality in which she had a 50% stake in hinge at the time of sale. I would be shocked if she had >1%. She was involved only in the very early stages.
True, though the stock market has gone up a ton since 2018. If she put $50M into a mix of tech stocks, crypto, and Bay Area real estate in 2018, she could have hundreds of millions by now. I agree she likely doesn't have a billion if the Hinge sale is the primary source of her wealth.
Hinge is worth $2 billion today (according to some random site, would love a good source) and was fully acquired nearly 3 years ago. And there's no chance she had 50% equity. It's not even clear if she had any.
There is no source because nobody under the C-level is worth anywhere close to that much.
She's one of the cofounders of Hinge, which was acquired by Match Group.
What are the chances Hinge made it to acquisition without giving shares to employees and investors?

Wiki says they nearly went bankrupt just before a funding round. Even Zuckerberg only owned 28% of Facebook at IPO.

Oh I'm not saying she has a billion. Odds are she is quite wealthy though.
maybe 1B is family wealth rather than personal wealth?
I believe they searched "frances haugen net worth" and then copied from this extremely reputable source: https://primalinformation.com/frances-haugen-wiki-net-worth/