Key facts
- Bernard Arnault expressed regret over selling early investments.
- The investments in question were in Netflix and Google.
- Arnault's family office acquired nearly 20% of Netflix shortly after its launch.
- Netflix stock multiplied tenfold since Arnault's exit.
- Google shares also saw significant gains after Arnault's sale.
Bernard Arnault, the CEO of LVMH, has voiced regret concerning the early sale of his family's investment stakes in Netflix and Google. Arnault disclosed that his family office had acquired a substantial stake, nearly 20%, in Netflix very soon after the streaming service's launch. He further elaborated that the value of this Netflix investment has since multiplied tenfold from its initial price. Similarly, Arnault noted that shares in Google also experienced considerable appreciation after his family office exited its position. The CEO's remarks highlight a significant missed opportunity for substantial financial returns on these early-stage technology investments.