Netflix Billionaire Buys North America’s Largest Ski Resort
The latest news in the ski world is the marriage of a 21st-century tech billionaire and a troubled ski mountain. In one fell swoop, Reed Hastings, the co-founder of Netflix, has made a $100 million investment in Powder Mountain, Utah, the country’s largest resort. Hastings, who stepped down as CEO of Netflix in January and became a minority owner of Powder Mountain in April, ascended to majority owner of the resort with this investment on September 6.