LVMH CEO Bernard Arnault Reveals He Owned Nearly 20% of Netflix, but Cashed Out Too Early—His Stake Could Be Worth up to $60 Billion Today
Arnault said his family office bought nearly 20% of Netflix after launch and sold most of it by 2003, missing a stake now worth about $60 billion.
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LVMH CEO Bernard Arnault reveals he owned nearly 20% of Netflix, but cashed out too early—his stake could be worth up to $60 billion today
Bernard Arnault owns LVMH—and with it, Louis Vuitton and Dior. But he also owned nearly 20% of Netflix, a stake that could be worth up to $60 billion today.
LVMH's Bernard Arnault says he regrets selling early Netflix stake, missed out on monster gain
Bernard Arnault is the CEO of LVMH.Bloomberg/Getty ImagesBernard Arnault says he invested in Netflix in its early days, but sold too soon.The LVMH CEO told the "Legend" podcast that he regrets missing out on the stock's subsequent surge.Arnault also said he was an early investor in Google but sold the stake over the years.Bernard Arnault says he made an early investment in Netflix, and regrets selling it prematurely.LVMH's billionaire CEO discus…
Bernard Arnault claims that he invested in Netflix in his early years, but sold his stake earlier and today regrets to have done so. The president and CEO of LVMH explained in the Legend podcast that he regrets that he did not keep those shares, as the company's value subsequently skyrocketed. He also revealed that he was one of the first investors in Google, although he was undoing that position over the years.The French billionaire spoke about…
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