Reed Hastings’ Net Worth 2023: Age, Spouse, Kids, Income, Salary
How much is Reed Hastings’ net worth?
62 years old Wilmot Reed Hastings Jr. is an American businessman, co-founder, chairman, and co-chief executive officer of Netflix. As of 2024, Reed Hastings‘ net worth is estimated at $6.3 billion approx.
Quick Bio:
| Net Worth in 2024 | $6.3 Billion |
| Income Source | Netflix, Self Made |
| Real Name | Wilmot Reed Hastings Jr. |
| Famous Name | Reed Hastings |
| Birth Place | Boston, Massachusetts, United States |
| Birthday | 8 October 1960 |
| Age/How old? | 62 years old |
| Height/How tall? | 5 ft 8 in or 178 cm |
| Occupation | Entrepreneur |
| Sun Sign | Libra |
| Nationality | American |
| Spouse | Patricia Ann Quillin |
| Kids | 2 |
Who is Reed Hastings? Biography
Wilmot Reed Hastings Jr. is a 62 years old American Businessman. He is best known as the chairman, CEO, and co-founder of Netflix. Netflix is a media-streaming service and video-rental company.
Reeds founded the company along with Marc Randolph in August 1997, in Scotts Valley, California, USA.
As of today, this largest streaming service has 214 million subscribers all over the world.
Hastings has great entrepreneurial qualities, he risked a lot with Netflix and alas his risk paid off well.
Today Netflix is a great on-demand internet streaming service and has become one of the greatest ventures in the world.
Reed owns around 2.3% of the company and has made billions with Netflix.
As of January 2024, Hastings has a net worth of $6.3 billion.
Reed Hastings is also a board member of several non-profit organizations.
He has served as a board member of Facebook and Microsoft as well from years 2011 to 2020 and from 2007 to 2012.
Now let us go further and learn some new and interesting things about Reed Hastings taking into account his personal and professional life.
Birthday, Early Years, and Education
Wilmot Reed Hastings Jr. was born on October 8, 1960, in Boston, Massachusetts, The United States of America. As of January 2024, Reed Hastings’ age is 62 years old.
Who are Reed Hastings’ parents?
Hastings’s parents were Joan Amory (mother) and Wilmot Reed Hastings (father).
His father served as an attorney for the U.S. Department of Health, Education, and Welfare.
Education
Talking of Reed Hastings’ school education and further qualifications, he graduated from a private school in Cambridge.
Later on, he went to Bowdoin College in Brunswick, Maine, and studied Mathematics; he got his bachelor’s degree in 1983.
After graduation, Reed Hastings joined Marine Corps Officer training in 1981 and in 1983 he joined Peace Corps.
He spent most of his time teaching mathematics in Eswatini from 1983 to 1985 and returned to the USA.
Hastings then joined Stanford University and completed his master’s degree in computer science in 1988.
How much is Reed Hastings‘ net worth in 2024?
As of January 2024, Reed Hastings has a net worth of $6.3 billion.
All of his fortunes are from his success with Netflix.
Hastings became a great entrepreneur and earned a handsome amount of wealth from a video streaming service company.
Salary from Netflix:
Reed Hastings earns a salary of $700,000.
Real Estate Investment:
Reed Hastings owns real estate holdings worth $50 million approximately.
Reed Hastings’ Net Worth Estimates Year Wise
According to Forbes, Reed Hastings’ Net Worth over time is shown below-
| Net Worth Year | Total Income |
|---|---|
| March 2017 | $1.8 Billion |
| October 2017 | $2.2 Billion |
| March 2018 | $2.7 Billion |
| October 2018 | $3.6 Billion |
| March 2019 | $4 Billion |
| October 2019 | $3.5 Billion |
| April 2020 | $3.7 Billion |
| September 2020 | $5 billion |
| April 2021 | $5 Billion |
| October 2021 | $5.7 Billion |
How did Reed Hastings’ Net Worth Rise so High?
Now let us give insights into the career journey of Reed Hastings:
Career start:
Reed Hastings first started his career as a software developer under a company named ‘Adaptive technology’. He quit his job in 1991 and headed to become an entrepreneur.
Founded ‘Pure Software’:
After quitting his job, Reed Hastings started his journey of entrepreneurship.
He formed his first company, ‘Pure Software’ in October 1991 along with Raymond Peck and Mark Box.
The company dealt with troubleshooting software and other things.
In 1995, The company went public and merged with Atria, and become Pure Atria Corporation in 1996.
The company was later acquired by Rational Software in 1997.
From his experiences of the first company, Reed Hastings learned a lot and got huge experience and headed to found his second company.
Founded ‘Netflix’ in 1997:
In 1997, Reed Hastings collaborated with Marc Randolph and founded ‘Netflix’ in 1997, Netflix then was a media rental service by mail to customers in the U.S.
In the year 1988, Netflix started renting DVDs. The company hence grew up brilliantly over the years. In the year 2007, Netflix shipped its billionth and collected more than 65 million subscribers.
As of today, Netflix has become the leading on-demand internet streaming media service available to viewers all over the world.
Netflix can be accessed through the internet and can be played through various things, like
- Smart TVs
- Set-top boxes are connected to televisions
- Tablet computers
- Smartphones
- Players
- via the application software
Board Member of Microsoft and Facebook:
Reed Hastings joined the board of directors of Microsoft and Facebook from 2007 to 2012 and 2011 to 2020.
Reed Hastings’ Personal life: Wife, & Kids
He is married to his wife Patricia Ann Quillin. They wed in the year 1991 and are still together, which is indeed great in itself.
The couple shares two children. The information about their children is not available on the internet.
The family shares great love and bond and is living together in Santa Cruz, California.
Donations:
In the year 2020, Reed and his wife paid 30 million dollars to GAVI for COVID- 19 vaccines.
The couple generously donated $120 million to support America’s black colleges and universities.
Reed Hastings‘ Height, Weight, and Physical Stats
Do you want to know the physical appearance, height, and weight of Reed Hastings? Have a look below:
| Height | 5 feet 8 inches (178 cm) |
| Weight | 76 kg or 168 lbs |
| Race | White |
| Hair Color | Grey |
| Eye Color | Brown |
| Feet/Shoe Size | 8 (US) |
Reed Hastings’ Twitter
Reed Hastings made his Twitter account in June 2008. He made around 164 tweets and has 101.9K followers on his Twitter account as of 18 January 2024.
Summary
Reed Hastings is one of the wealthiest personalities in the tech world.
He is a self-made man and his life is an inspiration for many new and budding entrepreneurs.
With his risk-taking abilities and entrepreneurial skills, Hastings has made a huge net worth of $6.3 billion.
FAQ
Born on 8 October 1960, Reed Hastings‘ real name is Wilmot Reed Hastings Jr.
Reed Hastings is an American businessman. According to Forbes and data available on the internet, Reed Hastings‘ net worth in 2023 is estimated at USD 6.3 Billion.
Yes, As per reports available on the Internet, Reed Hastings is a billionaire he has a total net worth of $6.3 Billion.
The famous businessman was born on 8 October 1960. According to his date of birth, Reed Hastings‘ age is 62 years as of January 2023.
Reed Hastings‘ height is usually listed around 5’ 7″ – 5’ 8″, but I think everyone adds an extra inch or so to their height, right?
Reed Hastings reportedly earns nearly $43 million every year.
