LVMH CEO Bernard Arnault Reveals He Sold Early Netflix Stake Worth Up To $60 Billion Today
Bernard Arnault, the LVMH CEO and billionaire investor, revealed that he once owned nearly 20% of Netflix but sold his stake in 1999 for $30 million through his private family holding company. At the time, Netflix was valued at around $500 million—now it's worth over $300 billion. Had Arnault held onto those shares, they could be worth up to $60 billion today. Arnault admitted he
Topics: Bernard Arnault investments LVMH Netflix