Meet Netflix billionaire Reed Hastings: net worth, career, family – Business Insider

After racking up $40 in late fees at a traditional video rental store, Reed Hastings co-founded Netflix and made $5 billion in the process.
Before founding Netflix, Hastings spent one year teaching in Swaziland with the Peace Corps and another as a door-to-door vacuum salesman.
Hastings’ philanthropic efforts are focused on education, including a $120 million donation to fund scholarships for Black college students and building a 2,100-acre luxury training camp for teachers in Colorado.
Visit Business Insider’s homepage for more stories.

The $40 late fee Reed Hastings paid after temporarily losing a rented video in 1997 may have been the best money he ever spent.

That fee gave him the idea for Netflix, the entertainment giant he cofounded and leads as chief executive. Hastings has since built a $5 billion fortune that he has spent to support educational reform and bolster the campaigns of Democrats running for office.

— Read on www.businessinsider.com/netflix-billionaire-reed-hastings-net-worth-career-home-fortune-2020-8

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Lassi Pensikkala is the creator of AmerExperience.com. He writes regularly providing thought leadership on topics related to Travel, Golf, Business, Health, and Lifestyle. You can follow him on Twitter @amerexperience or connect on Linkedin. You can read his business and travel magazines on Flipboard @amerexperience Expertise: International Travel And Business Expert Creator of AmerExperience.com - Education: Studied International Business in Business School of Turku Finland, and Economy, Psychology and Sociology at the University of Hamburg graduated as MSc(Econ) - Language skills: Multilingual - English, German, Spanish, Swedish and Finnish - Life philosophy: 1959 and the 60’s were the golden times of Rock’n Roll, student movements, and first flight to moon. The nordic people were free to travel in the Scandinavian countries including Finland. No passports or travel documents were needed. The freedom still today is the most important for the Scandinavians from that epoch. Freedom is to travel, learn to know new countries and other languages, and meet different people and cultures. He wishes the new generations would have the same possibilities experiencing all that what makes you feel free, and building a strong personality. -

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