Reed Hastings Net Worth 2022; Biography & Success Story

Who is Reed Hastings?

Reed Hastings is a famous and successful businessman from America. He is best known for being the CEO and co-founder of ‘Netflix.’ Reed is also a member of numerous boards of directors and non-profits organizations. He also serves on the board of Facebook. In 2022, Reed Hastings net worth is around $4 billion.

Reed was also served on the board of directors of Microsoft from 2007 to 2012. He was also worked as a member of the California State Board of Education. He is an advocate for education and was a member of the California State Board of Education.

Early Life

On October 8, 1960, Reed Hastings was born in Boston, Massachusetts, United States of America. He holds American nationality. He was born to his parents, Reed Hastings (father), an attorney for the Department of Health, Education, and Welfare in the Nixon administration, and Joan Amory Hastings (mother), a Boston debutante from a Social Register family.

Reed Hastings joined the Buckingham Browne & Nichols School in Cambridge, Massachusetts. Before attending college, he spent one-year selling vacuum cleaners from door to door. He earned his bachelor’s degree in Mathematics from Bowdoin College.

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He spent his college summer in the marines; however, he did not complete the training and was never commissioned into the Marine Corps. From 1983 to 1985, he went to teach math at a high school in Swaziland, Africa, as part of a Peace Corp service. He earned his Computer Science from Stanford University in 1988.

Personal Life

Reed Hastings has married Patricia Ann Quillin. Together they shared two children. He lived with his family in the San Francisco Bay Area. They also have a double-story penthouse apartment in Hollywood.

According to a report, in August 2013, he spent $1.5 million to acquire their new home. In 2016, he bought the apartment for $1.75 million from actress Charlize Theron.

Hastings and his wife Patty donated $120 million to fund scholarships at two historically Black colleges & the United Negro College Fund in 2020.

Age, Height, and Weight

In 2022, Reed Hastings is 61 years old. Reed Hastings’s height is 5 feet 8 inches (1.78m). His weight is 76 kg.

Professional Life

Reed Hastings started his career as a software developer in Adaptive Technology. He got his first job with Adaptive Technology. There he was tasked with debugging the software. In 1991, however, he left the company.

Reed Hastings established his first company, Pure Software, which produced products to troubleshoot software. The company’s growth was stagnated because it lacked managerial experience.

Reed became the CEO of Pure Software. The company got merged with Atria and became Pure Atria Corporation in 1966. It was acquired by Rational Software in 1997.

The company was taken public by Morgan Stanley in 1997. One year later, the company announced a merger with Atria Software. He was appointed Chief Technical Officer of the combined companies.

Reed Hastings and Marc Randolph co-founded Netflix in 1997. According to Reed, he had given an idea for Netflix after he left Pure Software. The idea came after he got to pay a six-week late fee of $40 for “Apollo 13” to a video store.

At the start, Netflix sold DVDs and DVD rental. The company will have over 208 million subscribers worldwide in 2021.

Reed was also on the board of Microsoft from 2007 till 2012.  He became on the board of directors of Facebook in June 2011. Reed was the CEO of the political network of business executives called ‘Technology Network.’

Achievement:

• Reed Hastings, founder of Netflix, it is a big achievement for him
• He was also successful so-founded pure software
• He has been a director of Facebook.

Social Media Links

Reed Hastings loves to share his pictures and videos on Twitter, Instagram, Facebook. He continuously shares his activities on social platforms to engage his fans. He has 6901 followers on Instagram. He is a celebrity and is widely followed on social media sites. Reed Hastings’s Net Worth in 2022 is $4 billion.

Reed Hastings Net worth in 2022 / Reed Hastings’s Salary / Income

In 2022, Reed Hastings net worth is estimated at $4 billion. His earnings mostly came from Netflix, the company he co-founded. Reed holds about 5.5 million shares in Netflix. He also holds shares in other companies like Facebook and Microsoft.

He was reported in September 2017, over $10 million worth of Facebook shares. According to some resources, his salary at Netflix is $650,000. Between 2010 to 2014, the basic salary from Netflix was $3 Million.

Frequently Asked Questions

Why Reed Hastings is so famous?

Reed Hastings is a well-known businessman from America. He is best known for being the CEO and co-founder of ‘Netflix’.

How old is Reed Hastings?

Reed Hastings was born on October 8, 1960, and he is 61 years old.

Why did Reed Hastings create Netflix?

Reed Hastings has said the idea was sparked by a $40 fine he got for renting the movie Apollo 13 from long-dead Blockbuster and returning it six weeks late.

Who is the wife of Reed Hastings?

Reed Hastings’s wife’s name is  Patrician Ann Quillin.

What is the net worth of Reed Hastings?

In 2022, Reed Hastings net worth is estimated at $4 billion.