Netflix Billionaire Buys North America’s Largest Ski Resort
By Everett Potter
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.
Powder Mountain is the largest ski resort in North America by skiable acres. Located above Northern Utah’s Ogden Valley, the resort extends over 8,464 acres. It has 54 trails, nine lifts, and two terrain parks … continue reading