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Netflix's Reed Hastings Faces $76M Debt Lawsuit at Utah's Powder Mountain Ski Resort
ByAinvest
Thursday, Jul 17, 2025 9:23 am ET1min read
Netflix co-founder Reed Hastings is facing a $76M EB-5 debt lawsuit at North America's largest ski resort, Powder Mountain. The lawsuit claims Hastings took control of the resort in 2023 without consulting investors and is now refusing to repay $42M plus interest. Hastings has since launched a new private ski colony for the ultra-wealthy called Powder Haven, with a season pass price of $1,599.
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