LVMH CEO Bernard Arnault said he acquired nearly 20% of Netflix early on but sold it prematurely, and it was a similar story with his Google shares.

LVMH CEO Bernard Arnault said he acquired nearly 20% of Netflix early on but sold it prematurely, and it was a similar story with his Google shares.

Bernard Arnault owns LVMH—and with it, Louis Vuitton and Dior. But he also owned nearly 20% of Netflix, a stake that could be worth up to $60 billion today.