Hims CEO Rides Weight-Loss Drug Boom to $1.1 Billion Fortune

A post-earnings rally in Hims & Hers Health Inc. has turned co-founder and Chief Executive Officer Andrew Dudum into a weight-loss billionaire.

Shares surged 25% since Tuesday after Hims reported better-than-expected sales for the first quarter. That sent Dudum’s net worth to $1.1 billion, according to the Bloomberg Billionaires Index, which is valuing his fortune for the first time.

Hims declined to comment on Dudum’s wealth.

It’s a dramatic rebound for a company that wasonce considered emblematic of the failed promise of SPACs, and that earlier this year slumped after regulators curtailed its ability to sell cheaper compound ...