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The Nexus
BUSINESSJul 29 · 15:37 UTCFORTUNEEmma Burleigh

LVMH CEO Bernard Arnault reveals he owned nearly 20% of Netflix, but cashed out too early—his stake could be worth up to $60 billion today

LVMH CEO Bernard Arnault revealed he owned nearly 20% of Netflix in 1999 but sold most of his stake in 2003, missing out on a potential $60 billion fortune as Netflix's valuation grew 600-fold. He acknowledged selling too early, a pattern he repeated with Apple and Google investments.

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Bernard ArnaultpersonLVMHorganizationNetflixorganizationGroupe ArnaultorganizationAppleorganizationGoogleorganization
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