Dossier
Groupe Arnault
Coverage of Groupe Arnault in the Nexus archive.
- 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.