Politics | Politics

Reed Hastings and the Obamas are making bank with Netflix deal

Reed Hastings, the founder, chairman and CEO of Netflix, had quite a run last week. The darling of streaming saw his company pass Disney and Comcast in market cap as his stock hit an all-time high …

Netflix in 2007 had a $3 share price and was mailing DVDs to people. The Obamas were poised to enter the White House and then had a reported net worth of $1.3 million, according to CNN Money. Fast-forward to 2018. The Obamas have an estimated combined net worth of $75 million...”