BUSINESSBUSINESS INSIDER
LVMH's Bernard Arnault says he regrets selling his early Netflix stake as he missed out on a monster gain
Bernard Arnault, CEO of LVMH, expressed regret over selling his early stakes in Netflix and Google, which he said led to missed opportunities as both companies' values surged. He acquired nearly 20% of Netflix in 1999 but sold by 2003, and later sold Google shares received during the dot-com crash. Despite these exits, Arnault remains one of the world's wealthiest individuals with an estimated $156 billion fortune.
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