Reed Hastings Net Worth

Reed Hastings is a billionaire entrepreneur from the United States who is worth 3.5 billion USD as of 2023.

Reed Hastings made his fortune as Netflix’s co-founder, Chairman, and CEO. Reed owns 5.2 million shares of Netflix, including options, according to the company’s most recent SEC filing. Reed’s net worth peaked at $7 billion during a period when Netflix stock was soaring.

Netflix’s base salary for Reed Hastings is $650,000. That’s a pay cut from the roughly $3 million base salary he earned from 2010 to 2014.

Reed Hastings voluntarily reduces his salary on occasion. Even in good times. For example, in 2019, he reduced his base salary from $700,000 to $650,000 in 2020.

Reed Hastings typically earns significantly more in salary after bonuses, stock awards, and other forms of compensation.

For example, in addition to his $650,000 base salary, Reed received approximately $33.4 million in other compensation in 2020. He earned $31.5 million in 2019. He earned a total of $29.4 million in 2018.

In June 2020 Reed and his wife Patricia donated $120 million to support America’s historically black colleges and universities, colloquially known as HBCUs. T

he donation is the first to exceed $100 million for this cause from any billionaire individual or couple. He is the first of the Silicon Valley set to make such a generous donation towards racial justice as well.