Arnault says he once owned nearly 20% of Netflix and 'sold too early'

Fortune reported on July 29, 2026 that Arnault revealed his family holding company had owned close to 20% of Netflix after investing around 1999, a stake he said could be worth roughly $60 billion today had he held it. 'Yes, I sold too early,' Arnault said, adding that he 'always sells too early' and citing similar early exits from Apple and Google.