Co-CEO Reed Hastings sold 437,311 shares of NFLX stock on 12/21/2020 at the average price of $527.26. The price of the stock has increased by 0.01% since. Co-CEO Reed Hastings sold 213,346 shares of NFLX stock on 11/23/2020 at the average price of $482.51.
The company, which crossed 200 million subscribers last year as people sought entertainment from home during the Covid-19-imposed lockdowns, saw its shares rise more than 67% in 2020. Hastings purchased over 1.33 million Netflix shares last year in the exercising of his stock options, according to a filing.
Is Reed Hastings a billionaire?
CEO Reed Hastings decided to celebrate: so, he ordered dinner from Denny’s. The 60-year-old Netflix co-founder might have an estimated net worth of $5.8 billion, according to Forbes.
What is Reed Hastings worth?
The top shareholders of Netflix are Leslie J. Kilgore, David Hyman, Greg Peters, Capital Research Group Investors, Vanguard Group Inc., and BlackRock Inc.
How much does Reed Hastings make a year?
It was a good year to run a streaming service. Netflix co-CEOs Reed Hastings and Ted Sarandos earned $43.2 million and $39.3 million, respectively, in 2020, representing sizable pay increases for the two men. Hastings, who also serves as the company’s chairman, earned $38.6 million in 2019 and $36 million in 2018.
Why did Reed Hastings create Netflix?
Hastings is often quoted saying that he decided to start Netflix after being fined $40 at a Blockbuster store for being late to return a copy of Apollo 13, but he and Randolph designed this apocryphal story to explain the company’s business model and motivation.
Is Jeff Bezos worth over 200 billion?
The figure puts Bezos, the richest person in the world, well ahead of the entrepreneur second on the list: Tesla and SpaceX CEO Elon Musk at $179 billion. Last year, reports CNBC, Bezos became the first person to top the $200 billion threshold when his net worth reached $202 billion.
Who owns Netflix South Africa?
MultiChoice Group Limited, the continent’s largest pay-TV provider, now offers Netflix and Amazon.