Which billionaire co-founded Netflix?

The billionaire who co-founded Netflix is Reed Hastings.

Hastings and Marc Randolph founded Netflix on August 29, 1997, in Scotts Valley, California. The company began as a DVD-rental-by-mail business, combining a website for ordering with discs that were easier and cheaper to ship than VHS tapes. Hastings brought a technology and management background, while Randolph supplied substantial startup and marketing experience.

Netflix launched its subscription service in 1999 and later transformed itself by introducing streaming in 2007. Hastings served as the company’s long-time chief executive and helped push Netflix from physical rentals toward internet entertainment. He became executive chairman in 2023 after stepping away from the co-CEO role.

The usual mix-up is naming Marc Randolph, who is also genuinely a Netflix co-founder and was its first CEO. This quiz’s billionaire wording points specifically to Hastings; Ted Sarandos joined Netflix in 1999 and became a later executive, not a founder. Jeff Bezos founded Amazon, not Netflix.