Reed Hastings

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Netflix has taken the internet by storm knocking out traditional media and cable companies along the way.

And Reed Hastings (Net Worth: $5.1 billion) is the man behind the company making the magic happen.

Believe it or not, Netflix started out as a movie rental business back in 1997.

DVDs were just coming in at the time and so sending them by mail suddenly became viable unlike the heavy brick VHS-cassettes.

They combined movies with the internet by having a website where people could come online, sort through titles and rent movies to receive by mail.

Then they needed to go and send them back again to the company to avoid late fees.

And from this humbler beginning was born the now media giant, Netflix.

This page is about Reed Hastings and how he became a billionaire betting on Netflix.

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