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Reed Hastings Biography and Net Worth

CEO of Netflix

Reed Hastings is the co-founder and CEO of multimedia streaming giant, Netflix. He co-founded the company in 1997, originally as a video rental service, and it began streaming content in 2007.

Following his undergraduate years at Bowdoin College where he earned a B.S. in mathematics, Hastings served in the Peace Corps, spending most of his time teaching math in Swaziland. Upon returning to the United States, he attended Stanford University, earning a M.S.C.S. in artificial intelligence in 1988. Shortly thereafter, he founded Pure Software, which provided tools for software developers. He sold the company to Rational Software in 1997.

It was around that time, after incurring a large late fee at a video rental store, that Hastings first conceived his idea of a subscription-based movie-rental service. He co-founded Netflix with Marc Randolph (who would leave the company in 2004) that same year.

Customers were first able to rent one DVD per week, but by 1999 they could receive unlimited titles. In 2007, streaming was introduced and the company also shipped its billionth DVD. Hastings later oversaw the company’s move toward Netflix-specific content, the first of which was drama series, House of Cards, in 2013.

Today, the company’s entertainment spans numerous genres and languages to reach 193 million people in 195 countries.

Netflix is known for its unique workplace culture, and in 2020, Hastings co-wrote the book, No Rules Rules: Netflix and the Culture of Reinvention with author and cultural expert Erin Meyer, exposing the company’s distinctive atmosphere.

A noted philanthropist, Hastings devotes part of his time to educational issues, notably charter schools. In June 2020, Hastings and his wife, Patty, donated $120 million to fund scholarships at two historically Black colleges & the United Negro College Fund. Hastings is on the board of several educational organizations including DreamBox Learning, KIPP and Pahara. He also served on the California State Board of Education from 2000 to 2004.

Additionally, he is a board member of Facebook and served on the board of Microsoft from 2007 to 2012.

What is Reed Hastings' net worth?: The estimated net worth of Reed Hastings is at least $15,814.40 as of April 1st, 2024. Mr. Hastings owns 28 shares of Netflix stock worth more than $15,814 as of April 26th. This net worth estimate does not reflect any other investments that Mr. Hastings may own. Additionally, Mr. Hastings receives a salary of $647,050.00 as CEO at Netflix. Learn More about Reed Hastings' net worth.
How old is Reed Hastings?: Mr. Hastings is currently 64 years old. There are 6 older executives and no younger executives at Netflix. The oldest executive at Netflix is Mr. Arnold Schwarzenegger, Chief Action Officer, who is 77 years old. Learn More on Reed Hastings' age.
What is Reed Hastings' salary?: As the CEO of Netflix, Inc., Mr. Hastings earns $647,050.00 per year. There are 5 executives that earn more than Mr. Hastings. The highest earning executive at Netflix is Mr. Theodore A. Sarandos, Co-CEO, President & Director, who commands a salary of $21,530,000.00 per year. Learn More on Reed Hastings' salary.
How do I contact Reed Hastings?: The corporate mailing address for Mr. Hastings and other Netflix executives is 100 WINCHESTER CIRCLE, LOS GATOS CA, 95032. Netflix can also be reached via phone at (408) 540-3700. Learn More on Reed Hastings' contact information.
Has Reed Hastings been buying or selling shares of Netflix?: During the last quarter, Reed Hastings has sold $12,553,897.72 of Netflix stock. Most recently, Reed Hastings sold 20,566 shares of the business's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a transaction totalling $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares of the company's stock, valued at $17,091.76. Learn More on Reed Hastings' trading history.
Who are Netflix's active insiders?: Netflix's insider roster includes Richard Barton (Director), Rodolphe Belmer (Director), Timothy Haley (Director), Reed Hastings (CEO), Wilmont Hastings, Jr. (Co-Founder), Jay Hoag (Director), David Hyman (Insider), Leslie Kilgore (Director), Ann Mather (Director), Jessica Neal (Insider), Spencer Neumann (CFO), Gregory Peters (COO), Susan Rice (Director), Theodore Sarandos (CEO), Anne Sweeney (Director), and David Wells (CFO). Learn More on Netflix's active insiders.
Are insiders buying or selling shares of Netflix?: In the last year, insiders at the Internet television network sold shares 40 times. They sold a total of 634,933 shares worth more than $308,176,551.31. The most recent insider tranaction occured on April, 1st when Chairman Reed Hastings sold 20,566 shares worth more than $12,553,897.72. Insiders at Netflix own 2.5% of the company. Learn More about insider trades at Netflix.
Information on this page was last updated on 4/1/2024.

Reed Hastings Insider Trading History at Netflix

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
4/1/2024	Sell	20,566	$610.42	$12,553,897.72	28
3/1/2024	Sell	18,494	$611.22	$11,303,902.68	28
2/1/2024	Sell	20,734	$567.16	$11,759,495.44
1/2/2024	Sell	25,998	$470.51	$12,232,318.98
11/7/2023	Sell	81,347	$435.33	$35,412,789.51
11/1/2023	Sell	16,030	$417.61	$6,694,288.30
10/2/2023	Sell	17,717	$380.20	$6,736,003.40
9/1/2023	Sell	17,969	$440.60	$7,917,141.40
8/1/2023	Sell	20,188	$440.16	$8,885,950.08
7/3/2023	Sell	23,415	$436.92	$10,230,481.80
6/1/2023	Sell	26,012	$402.09	$10,459,165.08
5/1/2023	Sell	26,278	$323.96	$8,513,020.88
1/27/2022	Buy	46,900	$390.08	$18,294,752.00
12/21/2020	Sell	437,311	$527.26	$230,576,597.86	41,097
10/20/2020	Sell	177,681	$527.86	$93,790,692.66	32,739
9/21/2020	Sell	34,853	$476.68	$16,613,728.04	34,853
7/21/2020	Sell	43,239	$494.83	$21,395,954.37	43,239
6/22/2020	Sell	57,260	$462.40	$26,477,024.00	57,260
5/20/2020	Sell	53,193	$449.23	$23,895,891.39	53,193
4/20/2020	Sell	54,369	$438.69	$23,851,136.61	54,369
3/23/2020	Sell	57,197	$355.77	$20,348,976.69	57,197
2/19/2020	Sell	77,777	$388.26	$30,197,698.02	77,777
1/21/2020	Sell	83,692	$336.61	$28,171,564.12	83,692
11/25/2019	Sell	54,516	$312.04	$17,011,172.64	54,516
10/21/2019	Sell	40,061	$275.64	$11,042,414.04	40,061
9/23/2019	Sell	43,372	$266.57	$11,561,674.04	43,372
8/20/2019	Sell	52,269	$300.10	$15,685,926.90	52,269
7/22/2019	Sell	55,342	$309.54	$17,130,562.68	55,342
6/24/2019	Sell	51,898	$372.89	$19,352,245.22	51,898
5/20/2019	Sell	57,414	$348.88	$20,030,596.32	57,414
4/22/2019	Sell	56,966	$370.74	$21,119,574.84	56,966
3/20/2019	Sell	52,458	$367.25	$19,265,200.50	52,458
2/19/2019	Sell	54,418	$362.00	$19,699,316.00
1/22/2019	Sell	67,907	$328.17	$22,285,040.19	67,907
12/24/2018	Sell	63,147	$241.12	$15,226,004.64	63,147
11/21/2018	Sell	78,092	$266.87	$20,840,412.04	78,092
10/22/2018	Sell	105,868	$328.75	$34,804,105.00	105,868
9/24/2018	Sell	99,883	$368.25	$36,781,914.75	99,883
8/20/2018	Sell	77,672	$323.01	$25,088,832.72	77,672
7/23/2018	Sell	75,656	$359.64	$27,208,923.84	75,656
6/20/2018	Sell	79,800	$415.15	$33,128,970.00	79,800
5/21/2018	Sell	86,037	$329.73	$28,368,980.01	86,037
4/23/2018	Sell	75,558	$324.71	$24,534,438.18	75,558
3/20/2018	Sell	75,271	$316.98	$23,859,401.58	75,271
2/20/2018	Sell	63,889	$282.09	$18,022,448.01	63,889
1/22/2018	Sell	75,369	$225.52	$16,997,216.88	75,369
12/21/2017	Sell	91,861	$189.03	$17,364,484.83	91,861
11/21/2017	Sell	75,243	$196.25	$14,766,438.75	75,243
10/23/2017	Sell	83,335	$192.79	$16,066,154.65	83,335
9/20/2017	Sell	75,467	$185.02	$13,962,904.34	75,467
8/21/2017	Sell	93,380	$166.07	$15,507,616.60	93,380
7/24/2017	Sell	109,214	$188.61	$20,598,852.54	109,214
6/20/2017	Sell	115,577	$152.63	$17,640,517.51	115,577
5/22/2017	Sell	101,815	$157.13	$15,998,190.95	101,815
4/20/2017	Sell	91,994	$140.97	$12,968,394.18	91,994
3/20/2017	Sell	89,502	$145.66	$13,036,861.32	89,502
2/21/2017	Sell	84,469	$142.71	$12,054,570.99	84,469
1/18/2017	Sell	86,835	$131.96	$11,458,746.60	86,835
12/21/2016	Sell	87,297	$126.72	$11,062,275.84	87,297
11/22/2016	Sell	74,564	$118.02	$8,800,043.28	74,564
10/20/2016	Sell	79,149	$122.52	$9,697,335.48	79,149
9/20/2016	Sell	84,665	$98.47	$8,336,962.55	68,065
8/22/2016	Sell	102,340	$95.21	$9,743,791.40	102,340
7/21/2016	Sell	116,431	$86.59	$10,081,760.29	116,431
6/20/2016	Sell	113,708	$94.85	$10,785,203.80	113,708
5/23/2016	Sell	85,659	$94.55	$8,099,058.45	85,659
4/20/2016	Sell	81,816	$95.80	$7,837,972.80	81,816
3/21/2016	Sell	78,827	$100.70	$7,937,878.90	78,827
2/22/2016	Sell	82,978	$91.42	$7,585,848.76	82,978
1/19/2016	Sell	86,933	$107.31	$9,328,780.23
12/21/2015	Sell	86,037	$117.16	$10,080,094.92
11/23/2015	Sell	89,607	$124.63	$11,167,720.41
10/20/2015	Sell	86,037	$100.90	$8,681,133.30
9/21/2015	Sell	90,860	$101.51	$9,223,198.60
8/24/2015	Sell	87,591	$86.95	$7,616,037.45
7/21/2015	Sell	108,829	$109.93	$11,963,571.97
6/22/2015	Sell	17,218	$663.92	$11,431,374.56
4/27/2015	Sell	40,369	$564.18	$22,775,382.42
3/25/2015	Sell	43,050	$434.08	$18,687,144.00
1/26/2015	Sell	40,650	$435.55	$17,705,107.50
12/29/2014	Sell	39,150	$335.88	$13,149,702.00
6/24/2014	Sell	12,977	$438.05	$5,684,574.85
5/27/2014	Sell	15,238	$401.52	$6,118,361.76
4/28/2014	Sell	15,238	$318.05	$4,846,445.90
1/27/2014	Sell	15,238	$387.39	$5,903,048.82
12/26/2013	Sell	15,238	$378.11	$5,761,640.18
11/25/2013	Sell	15,238	$346.90	$5,286,062.20
10/28/2013	Sell	15,238	$325.00	$4,952,350.00
9/24/2013	Sell	15,238	$301.30	$4,591,209.40
8/26/2013	Sell	15,238	$276.11	$4,207,364.18
7/25/2013	Sell	15,238	$240.56	$3,665,653.28
6/24/2013	Sell	15,238	$213.00	$3,245,694.00

Reed Hastings Buying and Selling Activity at Netflix

Netflix Company Overview

Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices. It has operations in approximately 190 countries. The company was incorporated in 1997 and is headquartered in Los Gatos, California.

Today's Range

Now: $564.80

$545.71

$566.54

50 Day Range

MA: $604.99

$554.60

$636.18

2 Week Range

Now: $564.80

$315.62

$639.00

Volume

3,799,070 shs

Average Volume

4,185,613 shs

Market Capitalization

$243.37 billion

P/E Ratio

39.20

Dividend Yield

N/A

Beta

1.22

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Reed Hastings Biography and Net Worth

What is Reed Hastings' net worth?

How old is Reed Hastings?

What is Reed Hastings' salary?

How do I contact Reed Hastings?

Has Reed Hastings been buying or selling shares of Netflix?

Who are Netflix's active insiders?

Are insiders buying or selling shares of Netflix?