Net Worth: $330 million
Source of Wealth: movies
Born: July 30, 1947 in Thal, Austria
Arnold Schwarzenegger became rich as an actor. He was a professional bodybuilder also. He won Mr. Olympia seven times, the most prestigious title in bodybuilding. He began his acting career in 1969 with the film “Hercules in New York”. His most financially successful movies are The “Terminator” series. Schwarzenegger’s movies have grossed nearly $4 billion worldwide.
In 2003 he put his movie career on hold and ran for office. In November 2003, he became the 38th Governor of California.
How much money does Arnold Schwarzenegger make?
Annual earnings according to Forbes
2002: $35 million
Arnold’s yearly salary as governor is $206,500. However, he is so wealthy he refuses to accept the money. He donates his entire salary to charity.
He told a newspaper that his tenure as governor of California cost him an estimated $200 million as a result of lost income from endorsements and movies.
Schwarzenegger owns Oak Productions, Inc., a business entity he created in 1977. For tax reasons, movie studios paying him for film roles make out the multimillion-dollar checks to that entity. It also produced the 1993 movie “Last Action Hero”. Schwarzenegger owns a stake of more than $1 million in the firm.
He owns a stake of $1 million-plus in two other entertainment businesses. One is Pumping Iron America. He draws income through it from a line of sports clothing and weightlifting videos. The other is Fitness Publications Inc., a publishing interest with Simon & Schusterwhich. It distributes Schwarzenegger’s books including “The Muscular Gourmet” and “Arnold’s Fitness for Kids”. Earnings from these and other books, published mostly in the early 1980s, range up to $100,000 per year.
Schwarzenegger holds a $1 million stake in several real estate holding companies, including 812 Main St. Inc., which owns a Venice health club once known as the World Gym. Another is Main Street Plaza Inc., which owns a 30,000-square-foot building in Santa Monica. The building houses offices and apartments.
In 2003, he it was reported he had at least $11 million in 11 mutual funds. His stock portfolio included more than $100,000 worth of Coca-Cola, General Electric Co., PepsiCo, Wal-Mart, Pfizer Inc., Starbucks Coffee, and Target.
He had a $100,000 stake in Legend International Air, an airline company that ceased operating in 2005.
He was an investor in Planet Hollywood, a restaurant which has been in and out of bankruptcy.
Houses – Schwarzenegger has a house in Brentwood (Los Angeles, California). He also owns vacation homes in Hyannis Port, Massachusetts and Sun Valley, Idaho.
Cars/bikes – He has owned a Tesla Roadster, Porsche 911 Carrera convertible, 4 Hummer Humvees, El Dorado Biarritz convertible, a classic Mercedes Excalibur, Dodge Challenger SRT8, Bentley Continental Supersports, 2002 Ferrari 360 Spider, Mercedes-Benz W140 1995 S600, Mercedes Benz S 600, and Harley Davidson motorcycle. He also owns Gulfstream III private jet.