Hastings’ net worth currently stands at $2.2 billion, according to Forbes’ ranking of the world’s billionaires — a record high for the 56-year-old Netflix founder, who owns nearly 12 million shares of the company.
After Netflix released the report last Monday, its stock opened at $176.13 on Tuesday, hitting an all-time high and climbing to $184.91 during the day. The stock continued to rise during the week and closed at $188.54 on Friday.
Hastings owes the windfall largely to the Netflix’s successful quarter. The streaming service added 5.2 million new subscribers in the most recent quarter, a figure that surpassed expectations and sent its stock soaring. Netflix also reported $2.79 billion in quarterly revenue, even as its $65.6 million in quarterly profits fell short of analyst estimates.