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Who Owns Netflix?
posted onAugust 20, 2024 by Daniel Pereira
Who Owns Netflix?
Because Netflix is ​​a publicly traded company , no single entity directly owns it; however, Vanguard Fiduciary Trust Co. is Netflix's largest shareholder, with approximately 8.6% of the company's outstanding shares. Among individual shareholders, the largest is Reed Hastings, the former co-CEO, who owns an estimated 2.2 million shares in the company.

Contents

Top Individual Insider Shareholders
Reed Hastings
Greg Pieters
David Hyman
Leslie J. Kilgore
Institutional top shareholders
Vanguard Group, Inc.
Fidelity Management & Research Co., LLC
State Street Corp.
BlackRock, Inc.

Corporate structure and hierarchy
Reed Hastings' role as co-CEO and co-founder
Conclusion
Top Individual Insider Shareholders
Reed Hastings
Reed Hastings is a technology entrepreneur and Stanford University alumnus with a degree in nurse database computer science. He left his job as a software engineer to launch PureSoftware. Rational Software subsequently acquired the company, allowing Hastings to fund Netflix , which he co-founded with Marc Randolph in 1997.

Despite selling most of his shares since then, Reed Hastings remains one of the largest insider shareholders at Netflix, owning more than 2 million shares representing 2.2 million votes, and is worth an estimated $1.5 billion as of August 2024 figures .

His larger-than-life success story has inspired entrepreneurs around the world, especially those in Silicon Valley circles, where Reed Hastings is considered a pivotal figure for his technical achievements alone.