Netflixs CEO Reed Hastings Bio; Wife, Education, Net Worth & Facts

Publish date: 2024-05-17
Reed-Hastings

It is obvious that Reed Hastings has earnings in billions from his multiple business apart from Netflix. Besides, he donates millions in charity, especially in education works.

American businessman Reed Hastings is the co-founder, chairman, and chief executive officer of Netflix. Besides, he is an education philanthropist, and his responsibility involve the number of non-profit organizations.

Reed Hastings Bio & Family

Wilmot Reed Hastings Jr. on 8 October 1960 to a middle-class family in Boston, Massachusetts. He is one of the three children of Wilmot Reed Hastings and Joan Amory Loomis. His father served as an attorney for the U.S. Department of Health, Education, and Welfare.

Meanwhile, his mother was an advocate, who founded Womens Enterprises, a non-profit agency that helped women to enter traditional blue-collar trades and ran a business importing and selling English pine furniture and accessories. He has two sisters, Melissa H. Hastings and Melissa H. Hastings.

His Educational Background

Wilmot attended Buckingham Browne & Nichols School in Cambridge, Massachusetts. There, he served in the Marine Corps officer training through their Platoon Leader Class in 1981 in Officer Candidate School at Marine Corps Base Quantico.

After graduating from Bowdoin College, Hastings joined the Peace Corps. At that time, he taught high school math in Swaziland from 1983 to 1985. He returned from the Peace Corps and went to Stanford University. There, he graduated with a master’s degree in computer science at the age of 28 in 1988.

How Much Is Reed Hastings’ Net Worth?

Reed Hastings and Marc Randolph founded Netflix in 1997, after selling his first company, Pure Software, to Rational Software. Initially, it was operated as a DVD subscription service, but it later began streaming content in 2007. He now owns 1.3% of Netflix, which went public as of 2002. As of April 2020, he has a net worth of $4.6 billion.

Reed Hastings co-founded one of the world’s largest entertainment services Netflix in 1997 (Forbes)

In 2017, he was named to the Forbes 400 list of the richest Americans for the first time with a net worth of about $2.3 billion. As of April 2020, Netflix has 182.8 million subscribers that makes it one of the world’s largest entertainment services.

Also Involved On Charity Works

Hastings is also involved in philanthropy work, especially in the education field. He is a member of Giving Pledge since 2012 and founded the Hastings Fund. In 2016, he announced a $100 million fund to children’s education.

In April 2020, Reed and his wife donated $30 million to Gavi Alliance, the nonprofit immunization organization started by the Bill and Melinda Gates Foundation. He is an advocate for education reform through charter schools

Married Life; Wife, Children

The entrepreneur is now enjoying married life with his wife Patricia Ann Quillin over the decades. He and Patricia exchanged wedding vows in 1991 and have been inseparable since then. Patricia was the President of Santa Cruz Natural History Museum and now serves on the Board of Directors there.

Reed Hastings and Patty Quillin have been married since 1991 (People)

The couple is now co-parenting two children; a son and a daughter named Molly Hastings. The family of four resides in a lavish house situated in Santa Cruz, California. The husband and wife are pet lovers and have five chickens, four shelter dogs, and two Nigerian dwarf goats.

Some Interesting Facts About Reed Hastings

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