{"id":1119,"date":"2026-07-29T17:08:39","date_gmt":"2026-07-29T17:08:39","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=1119"},"modified":"2026-07-29T17:08:39","modified_gmt":"2026-07-29T17:08:39","slug":"lvmh-ceo-bernard-arnault-reveals-he-owned-nearly-20-of-netflix-but-cashed-out-too-early","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=1119","title":{"rendered":"LVMH CEO Bernard Arnault reveals he owned nearly 20% of Netflix, but cashed out too early"},"content":{"rendered":"

<\/p>\n

Bernard Arnault has made a series of successful buy-ins that have catapulted his wealth to new heights, including the likes of Google and most famously, the luxury giant LVMH. And the billionaire Moet Hennessy Louis Vuitton CEO could have had even another investment win under his belt: He just revealed he lost out on a sizable fortune by selling his Netflix shares early.\u00a0<\/p>\n

\n

\u201cWe had almost a full 20% [of Netflix],\u201d Arnault said recently, reflecting back on the investment decision during the Legend <\/em>podcast. \u201cYes, I sold too early. We made a very good investment, but since then I think it\u2019s increased 10-fold.\u201d\u00a0<\/p>\n

In 1999, Arnault began by buying up a chunk of Netflix for $30 million through his private family holding company, Groupe Arnault, just two years after the entertainment company\u2019s inception. It was Netflix\u2019s largest investor at the time, when the company was still mailing out DVDs as a service. The French fashion magnate owned nearly a fifth of the entire company, which was already a \u201chuge success\u201d at the time, and cashed out most of his stock four years later when Netflix boasted a market cap of $500 million. Now, Netflix is valued at $300 billion\u2014600 times higher than when he sold most of his stake.\u00a0<\/p>\n

He didn\u2019t reveal exactly why he sold his shares at that moment, but if he didn\u2019t, his stake could have been worth up to $60 billion today.\u00a0<\/p>\n

It\u2019s just a dent in Bernard Arnault\u2019s $157 billion fortune<\/h2>\n

For most, this missed opportunity would be seen as a life-changing blunder. But Arnault, worth $157 billion, says it\u2019s only part of the game. \u201cI always sell too early,\u201d he admitted.\u00a0<\/p>\n

And Netflix wasn\u2019t his only what-if investment.\u00a0<\/p>\n

The 77-year-old CEO previously owned stock in $5 trillion tech giant Apple, once again sold too early, but this time admitted in 2018 that he \u201cshould have kept them until today.\u201d\u00a0<\/p>\n

Arnault also recounted investing in a U.S. fund that liquidated during the dot-com crash, and when it dissolved, received a \u201cgood bundle\u201d of Google shares, which were valued at\u00a0 \u20ac2 to \u20ac3 at the time (or $2.28 to $3.42 today). At that point, he didn\u2019t know what the company was\u2014it was a stroke of luck, landing a deal he had \u201cabsolutely nothing to do with.\u201d\u00a0<\/p>\n

Arnault said he\u2019s since sold those shares and still made a hefty profit, but the company\u2019s shares have since ceased to rise, highlighting that there is no golden timeline for the right moment to sell\u2014all it takes is a market correction to send shares tumbling, or a breakout earnings report to shoot them up.<\/p>\n

The leaders who have lost out on billions selling early\u00a0<\/h2>\n

Arnault is hardly alone in leaving billions on the table.<\/p>\n

Around fifty years ago, a trio of founders created one of the world\u2019s most lucrative companies: Apple. And in the decades since, many have tuned in for the successes of late cofounder Steve Jobs and computing visionary Steve Wozniak.\u00a0<\/p>\n

But Apple\u2019s little-known third founder, Ronald G. Wayne, has largely been out of the picture following his early exit. Wayne received a 10% stake for his work in formalizing the tech business, but less than two weeks later, he sold his shares for $800.\u00a0<\/p>\n

If he had held onto his shares today, he would have nearly $499.5 billion to his name. However, Wayne said he had no regrets\u2014he still made ends meet, even if it meant renting out a part of his property or cashing in his monthly Social Security check.<\/p>\n

\u201cIf I stayed at Apple I would have probably ended up the richest man in the cemetery,\u201d the now 91-year-old recalled to CNN.<\/em><\/p>\n

Palantir and PayPal cofounder Peter Thiel also missed out on billions by selling shares before their peak.\u00a0<\/p>\n

In 2004, just months after Mark Zuckerberg created the social media platform, Thiel forked over $500,000 for a 10% stake in the budding company. That investment valued Facebook at $4.9 million, at the time\u2014but just once decade later, he sold off a majority of his stake for $400 million. It\u2019s still a sum that most would gawk at, but if he had held onto those shares today, he would own about $11.85 billion worth of Meta.\u00a0<\/p>\n

Looking back, the entrepreneur believes he underestimated Facebook\u2019s original market of college students: \u201cI think investors always have a bias to invest in things they themselves use and they undervalue things they don\u2019t use so there aren\u2019t many investors who are in college,\u201d Thiel said during a This Week in Startups<\/em> panel in 2015.<\/p>\n

Then there are the founders who sold their own companies long before they flew the coop. In 2012, Instagram\u2019s 20-something-year-old creators, Kevin Systrom and Mike Krieger, decided to sell their brainchild to Facebook in a $1 billion deal. The duo said that they sold in part because Zuckerberg allowed them to stay at the company, serving as Instagram\u2019s CEO and CTO roles until 2018.<\/p>\n

But the payday wasn\u2019t rewarding. Even though Systrom got about $400 million from the deal, while Krieger walked away with roughly $100 million, they could have been billionaires if they kept their stock, as Instagram\u2019s valuation shot up to about $114 billion in 2024, according to Kantar.\u00a0<\/p>\n

\u201cI think the biggest lesson\u2026coming into a fair amount of money pretty quickly, was that money itself is no end,\u201d Systrom said during a panel at SXSW in 2019. \u201cIt doesn\u2019t make you happy. It doesn\u2019t solve health problems. It can help in those things.\u201d<\/p>\n<\/div>\n

#LVMH #CEO #Bernard #Arnault #reveals #owned #Netflix #cashed #early<\/p>\n","protected":false},"excerpt":{"rendered":"

Bernard Arnault has made a ser… <\/p>\n","protected":false},"author":1,"featured_media":1120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[678,493,2082,2081,2076,479,2085,283,1405,1790,2077,635,636,1961,698,22,92,641,2078,849,850,2079,2084,644,2080,645,646,2083,91,81],"class_list":["post-1119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-alphabet","tag-apple","tag-arnault","tag-bernard","tag-bernard-arnault","tag-billionaires","tag-cashed","tag-ceo","tag-chief-executive-officer-ceo","tag-early","tag-fashion","tag-founders","tag-google","tag-instagram","tag-investing-strategy","tag-investment","tag-investors","tag-luxury","tag-lvmh","tag-mark-zuckerberg","tag-meta","tag-netflix","tag-owned","tag-palantir","tag-paypal-holdings","tag-personal-finance","tag-peter-thiel","tag-reveals","tag-stock","tag-wealth"],"yoast_head":"\nLVMH CEO Bernard Arnault reveals he owned nearly 20% of Netflix, but cashed out too early - 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