Utah Lawsuit Filed Involving Netflix Founder and Powder Mountain

We've all dreamed of being rich enough to one day purchase a mountain.

Anybody can buy a skyscraper or a Wendy's franchise. You think that's impressive?

Big whoop you own one of those jump parks where you make every jumper go through a 38 page PDF waiver before they can send their kid, who is destined for junior college anyway, to hop 5 inches max on your overly taught trampolines.

Read More: What Wildlife To Watch Out For At Bryce Canyon National Park

Or good job, you bought a home movie projector and are constantly trying to get people to come over and watch Gladiator. You've got 9 remotes and every time they actually show up there's confusion and it's just better to not get together at all.

So we golf clap for all of these people, but for a guy who buys a mountain you mean it.

Reed Hastings, the founder of Netflix purchased Powder Mountain in Utah a couple of years ago. The problem is, he apparently had unpaid debt and those people are now coming after him.

Here's some of the details from snowbrains.com: (LINK TO FULL ARTICLE)

'Netflix founder Reed Hastings is facing a $75.9 million lawsuit involving Powder Mountain, Utah, with a group of EB-5 investors who say he’s on the hook for an unpaid debt tied to the resort. According to a lawsuit filed in Manhattan Supreme Court in April, the investors have been attempting to recoup their $42 million investment, along with interest, since 2021.

Hastings paid $100 million to own a majority stake in Powder Mountain.

Hastings will be able to clear this all up I'm sure, the crux of it is it will effect the future purchases of ski resorts.

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It might be more difficult even for the uber rich. Even they have debt I guess.