Reed Hastings net worth and biography

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 $9.22 million as of December 21st, 2020. Mr. Hastings owns 41,097 shares of Netflix stock worth more than $9,220,523 as of September 28th. This net worth estimate does not reflect any other investments that Mr. Hastings may own. Additionally, Mr. Hastings receives a salary of $1,090,000.00 as CEO at Netflix. Learn More about Reed Hastings' net worth.

How old is Reed Hastings?

Mr. Hastings is currently 62 years old. There are 8 older executives and no younger executives at Netflix. Learn More on Reed Hastings' age.

What is Reed Hastings' salary?

As the CEO of Netflix, Inc., Mr. Hastings earned a total compensation package of $43,226,024.00 in 2020. Mr. Hastings earned a salary of $650,000.00, options awards of $42,428,878.00, and other compensation of $147,146.00.There are 5 executives that earn more than Mr. Hastings. The highest earning executive at Netflix is Mr. Theodore A. Sarandos, Co-CEO, Chief Content Officer & Director, who commands a salary of $21,110,000.00 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?

Reed Hastings has not been actively trading shares of Netflix during the last ninety days. Most recently, on Thursday, January 27th, Reed Hastings bought 46,900 shares of Netflix stock. The stock was acquired at an average cost of $390.08 per share, with a total value of $18,294,752.00. Learn More on Reed Hastings' trading history.

Who are Netflix's active insiders?

Netflix's insider roster includes Richard Barton (Director), Rodolphe Belmer (Director), Reed Hastings (CEO), Wilmont Hastings, Jr. (Co-Founder), Jay Hoag (Director), David Hyman (Insider), Leslie Kilgore (Director), Ann Mather (Director), Jessica Neal (Insider), 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, Netflix insiders bought shares 1 times. They purchased a total of 46,900 shares worth more than $18,294,752.00. In the last year, insiders at the Internet television network sold shares 8 times. They sold a total of 125,070 shares worth more than $79,525,490.80. The most recent insider tranaction occured on January, 27th when CEO Reed Hastings bought 46,900 shares worth more than $18,294,752.00. Insiders at Netflix own 2.4 % of the company. Learn More about insider trades at Netflix.

Information on this page was last updated on 1/27/2022.

Reed Hastings Insider Trading History at Netflix

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
1/27/2022Buy46,900$390.08$18,294,752.00View SEC Filing Icon  
12/21/2020Sell437,311$527.26$230,576,597.8641,097View SEC Filing Icon  
10/20/2020Sell177,681$527.86$93,790,692.6632,739View SEC Filing Icon  
9/21/2020Sell34,853$476.68$16,613,728.0434,853View SEC Filing Icon  
7/21/2020Sell43,239$494.83$21,395,954.3743,239View SEC Filing Icon  
6/22/2020Sell57,260$462.40$26,477,024.0057,260View SEC Filing Icon  
5/20/2020Sell53,193$449.23$23,895,891.3953,193View SEC Filing Icon  
4/20/2020Sell54,369$438.69$23,851,136.6154,369View SEC Filing Icon  
3/23/2020Sell57,197$355.77$20,348,976.6957,197View SEC Filing Icon  
2/19/2020Sell77,777$388.26$30,197,698.0277,777View SEC Filing Icon  
1/21/2020Sell83,692$336.61$28,171,564.1283,692View SEC Filing Icon  
11/25/2019Sell54,516$312.04$17,011,172.6454,516View SEC Filing Icon  
10/21/2019Sell40,061$275.64$11,042,414.0440,061View SEC Filing Icon  
9/23/2019Sell43,372$266.57$11,561,674.0443,372View SEC Filing Icon  
8/20/2019Sell52,269$300.10$15,685,926.9052,269View SEC Filing Icon  
7/22/2019Sell55,342$309.54$17,130,562.6855,342View SEC Filing Icon  
6/24/2019Sell51,898$372.89$19,352,245.2251,898View SEC Filing Icon  
5/20/2019Sell57,414$348.88$20,030,596.3257,414View SEC Filing Icon  
4/22/2019Sell56,966$370.74$21,119,574.8456,966View SEC Filing Icon  
3/20/2019Sell52,458$367.25$19,265,200.5052,458View SEC Filing Icon  
2/19/2019Sell54,418$362.00$19,699,316.00View SEC Filing Icon  
1/22/2019Sell67,907$328.17$22,285,040.1967,907View SEC Filing Icon  
12/24/2018Sell63,147$241.12$15,226,004.6463,147View SEC Filing Icon  
11/21/2018Sell78,092$266.87$20,840,412.0478,092View SEC Filing Icon  
10/22/2018Sell105,868$328.75$34,804,105.00105,868View SEC Filing Icon  
9/24/2018Sell99,883$368.25$36,781,914.7599,883View SEC Filing Icon  
8/20/2018Sell77,672$323.01$25,088,832.7277,672View SEC Filing Icon  
7/23/2018Sell75,656$359.64$27,208,923.8475,656View SEC Filing Icon  
6/20/2018Sell79,800$415.15$33,128,970.0079,800View SEC Filing Icon  
5/21/2018Sell86,037$329.73$28,368,980.0186,037View SEC Filing Icon  
4/23/2018Sell75,558$324.71$24,534,438.1875,558View SEC Filing Icon  
3/20/2018Sell75,271$316.98$23,859,401.5875,271View SEC Filing Icon  
2/20/2018Sell63,889$282.09$18,022,448.0163,889View SEC Filing Icon  
1/22/2018Sell75,369$225.52$16,997,216.8875,369View SEC Filing Icon  
12/21/2017Sell91,861$189.03$17,364,484.8391,861View SEC Filing Icon  
11/21/2017Sell75,243$196.25$14,766,438.7575,243View SEC Filing Icon  
10/23/2017Sell83,335$192.79$16,066,154.6583,335View SEC Filing Icon  
9/20/2017Sell75,467$185.02$13,962,904.3475,467View SEC Filing Icon  
8/21/2017Sell93,380$166.07$15,507,616.6093,380View SEC Filing Icon  
7/24/2017Sell109,214$188.61$20,598,852.54109,214View SEC Filing Icon  
6/20/2017Sell115,577$152.63$17,640,517.51115,577View SEC Filing Icon  
5/22/2017Sell101,815$157.13$15,998,190.95101,815View SEC Filing Icon  
4/20/2017Sell91,994$140.97$12,968,394.1891,994View SEC Filing Icon  
3/20/2017Sell89,502$145.66$13,036,861.3289,502View SEC Filing Icon  
2/21/2017Sell84,469$142.71$12,054,570.9984,469View SEC Filing Icon  
1/18/2017Sell86,835$131.96$11,458,746.6086,835View SEC Filing Icon  
12/21/2016Sell87,297$126.72$11,062,275.8487,297View SEC Filing Icon  
11/22/2016Sell74,564$118.02$8,800,043.2874,564View SEC Filing Icon  
10/20/2016Sell79,149$122.52$9,697,335.4879,149View SEC Filing Icon  
9/20/2016Sell84,665$98.47$8,336,962.5568,065View SEC Filing Icon  
8/22/2016Sell102,340$95.21$9,743,791.40102,340View SEC Filing Icon  
7/21/2016Sell116,431$86.59$10,081,760.29116,431View SEC Filing Icon  
6/20/2016Sell113,708$94.85$10,785,203.80113,708View SEC Filing Icon  
5/23/2016Sell85,659$94.55$8,099,058.4585,659View SEC Filing Icon  
4/20/2016Sell81,816$95.80$7,837,972.8081,816View SEC Filing Icon  
3/21/2016Sell78,827$100.70$7,937,878.9078,827View SEC Filing Icon  
2/22/2016Sell82,978$91.42$7,585,848.7682,978View SEC Filing Icon  
1/19/2016Sell86,933$107.31$9,328,780.23View SEC Filing Icon  
12/21/2015Sell86,037$117.16$10,080,094.92View SEC Filing Icon  
11/23/2015Sell89,607$124.63$11,167,720.41View SEC Filing Icon  
10/20/2015Sell86,037$100.90$8,681,133.30View SEC Filing Icon  
9/21/2015Sell90,860$101.51$9,223,198.60View SEC Filing Icon  
8/24/2015Sell87,591$86.95$7,616,037.45View SEC Filing Icon  
7/21/2015Sell108,829$109.93$11,963,571.97View SEC Filing Icon  
6/22/2015Sell17,218$663.92$11,431,374.56View SEC Filing Icon  
4/27/2015Sell40,369$564.18$22,775,382.42View SEC Filing Icon  
3/25/2015Sell43,050$434.08$18,687,144.00View SEC Filing Icon  
1/26/2015Sell40,650$435.55$17,705,107.50View SEC Filing Icon  
12/29/2014Sell39,150$335.88$13,149,702.00View SEC Filing Icon  
6/24/2014Sell12,977$438.05$5,684,574.85View SEC Filing Icon  
5/27/2014Sell15,238$401.52$6,118,361.76View SEC Filing Icon  
4/28/2014Sell15,238$318.05$4,846,445.90View SEC Filing Icon  
1/27/2014Sell15,238$387.39$5,903,048.82View SEC Filing Icon  
12/26/2013Sell15,238$378.11$5,761,640.18View SEC Filing Icon  
11/25/2013Sell15,238$346.90$5,286,062.20View SEC Filing Icon  
10/28/2013Sell15,238$325.00$4,952,350.00View SEC Filing Icon  
9/24/2013Sell15,238$301.30$4,591,209.40View SEC Filing Icon  
8/26/2013Sell15,238$276.11$4,207,364.18View SEC Filing Icon  
7/25/2013Sell15,238$240.56$3,665,653.28View SEC Filing Icon  
6/24/2013Sell15,238$213.00$3,245,694.00View SEC Filing Icon  
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Reed Hastings Buying and Selling Activity at Netflix

This chart shows Reed Hastings's buying and selling at Netflix by year and by quarter.

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Netflix Company Overview

Netflix logo
Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services in the United States. The company has approximately 222 million paid members in 190 countries. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.
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Today's Range

Now: $224.36
Low: $220.72
High: $230.64

50 Day Range

MA: $230.21
Low: $213.91
High: $249.30

2 Week Range

Now: $224.36
Low: $162.71
High: $700.99

Volume

7,729,104 shs

Average Volume

9,604,711 shs

Market Capitalization

$99.78 billion

P/E Ratio

19.94

Dividend Yield

N/A

Beta

1.34