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$2.7 billion
- Wilmot Reed Hastings Jr.’s net worth is estimated to be $2.7 billion.
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What is Wilmot Reed Hastings Jr net worth?
Who is Wilmot Reed Hastings Jr?
What is Reed Hastings net worth?
How did Reed Hastings become a billionaire?
6 days ago · It reported revenue of $30 billion in 2021. He said in January 2022 that he was stepping aside as chief executive officer. As of March 21, 2024 : Last change -$7.11M ( -0.1%) YTD change +$123M ...
- What Is Reed Hastings' Net Worth and Salary?
- Salary
- Early Life
- Career
- Pure Software
- Netflix
- Blockbuster Acquisition Offer
- Personal Life
Reed Hastings is an American entrepreneur who has a net worth of $4 billion. Reed Hastings has earned his fortune as the co-founder, Chairman and CEO of Netflix. As of the company's most recent SEC filing, Reed owns 5.2 million shares of Netflix including options. At his peak, when Netflix stock was soaring, Reed's net worth reached as high as $7 b...
Reed Hastings' base salary at Netflix is $650,000. That's a pay cut from the roughly $3 million base salary he earned in many years in the 2010-2014 era. He voluntarily cuts his salary from time to time. Even in good years. For example, he cut his base salary from $700,000 in 2019 to $650,000 in 2020. With bonuses, stock awards and other compensati...
Wilmot Reed Hastings Jr. was born on October 8, 1960 in Boston, Massachusetts. His father was an attorney for the Department of Health, Education and Welfare for the Nixon administration. After high school he spent a year selling vacuum cleaners door-to-door before enrolling at Bowdoin College in Maine. He spent summers training at the Marine Corps...
His first job after Stanford was for the oilfield services company Schlumberger. He then worked as a software developer for a company called Adaptive Technology. At Adaptive, his focus was debugging software.
In 1991, at the age of 31, Reed co-founded a company called Pure Software. The company's first product was a debugging tool for Unix/C engineers called Purify. Pure Software went public in 1995. A year later the company merged with a rival called Atria to create Pure Atria Corporation. Pure Atria was later acquired by Rational Software for $750 mil...
According to company lore, Reed stumbled on the idea for Netflix after getting a $40 late fee at a Blockbuster rental store for returning "Apollo 13" six weeks late. One day during the six weeks when he could not locate the missing cassette, Reed went to his gym to work out. While working out it dawned on him that the gym's monthly fee model of hav...
In 2000, when the company had around 300,000 subscribers and was losing money at a frightening pace, Netflix approached Blockbuster with an offer. At the time, Netflix was on pace to lose $50 million that year. Hastings proposed that Blockbuster acquire Netflix for $50 million. If Blockbuster accepted, Netflix would change its name to Blockbuster.c...
Reed and his wife Patricia Ann Quillin have two children and live in Santa Cruz, California. According to public records, they paid just $1.5 million for their relatively-normal home in August 2013. In Hollywood they own a two-story penthouse apartment in Hollywood. Reed bought the apartment in 2016 from actress Charlize Theronfor $1.75 million, wh...
- Celebrity Net Worth
Sep 1, 2020 · Sep 1, 2020, 5:47 AM PDT. Netflix co-CEO Reed Hastings says he has no hobbies outside of his work. Ore Huiying/Getty Images for Netflix. After racking up $40 in late fees at a traditional video...
Feb 28, 2024 · Net worth: 1 804 M $ as of 2024-02-28. 62 year. 100 connections. Technology Services. Consumer Services. Commercial Services. Summary. Experience. Personal Network. Company connections. Profile.
Oct 6, 2022 · Source - Facebook. Wilmot Reed Hastings Jr. is the Co-Founder, Chairman and Co-CEO of Netflix. Better known as just Reed Hastings, he is an American billionaire businessman and is the...
Net Worth: $1.1 Billion. Salary: $650 Thousand. Date of Birth: Oct 8, 1960 (63 years old) Place of Birth: Boston. Gender: Male. Profession: Entrepreneur, Businessperson. Nationality: United States of America. What is Reed Hastings’ net worth and salary? Table of Contents.
Jan 27, 2024 · Netflix’s largest individual shareholder is Reed Hastings, co-founder, and former CEO of the company, now Chairperson of Netflix, with a 1.76% stake, valued at over $4.5 billion as of January 2024. Table of Contents. Background. Wilmot Reed Hastings Jr. is a prominent American entrepreneur and co-founder of the streaming platform Netflix.