CEO Today Top 50 – Reed Hastings
CEO Top 50
Name: Reed Hastings
Net worth: Approx. $4 billion
Bio: Reed Hastings attended Stanford University in 1988 where he graduated with a master’s degree in computer science.
Hastings co-founded Netflix in 1997 with Marc Randolph, at the time offering movies in a rent-by-mail service in the US. The new business model was implemented after Hastings was inspired by the gym, where you could pay a monthly fee to use their services as much or as little as desired.
Over the years, Netflix has amassed a collection of 100,000 titles and over 100 million subscribers.
Since 2011, Hastings has also served as a director of the board of Facebook and as of September 2016, he is reported to own over $10 million worth of Facebook shares. From 2007 until 2012, he served on the board of Microsoft.