Arnold Schwarzenegger Net Worth 2020, Biography, Career and Marital Life.
Arnold Schwarzenegger Net Worth 2020 – Excelling in one or two professions is hard enough but at 70, Arnold Schwarzenegger has left a remarkable print in the world as a very successful Austrian-American actor, filmmaker, producer, former bodybuilder and politician.
The man is versatility personified and nobody could have imagined that a mere bodybuilder from a small European village would become one of Hollywood’s biggest stars.
Arnold Schwarzenegger Net Worth
Arnold Schwarzenegger is an Austrian-American bodybuilder, model, actor, businessman, and politician who has a net worth of $400 million.
Though this first investment flopped, Arnold was undeterred. He took his remaining funds and borrowed $10,000 from his trainer at Gold’s Gym in Venice, California to buy an apartment building.
The purchase price was $214,000. A year later he sold the building for $360,000. He then traded up to a 12 unit building, followed by a 36 unit building, followed by a 100 unit building.
Each time Arnold sold a building, he would pour the profits into the next venture to avoid taxes and increase his potential future return. By the time he was 25 years old, Arnold had become a real estate millionaire.
The multi-talented star was born on July 30, 1947, in Thai-Austria. His first career interest was soccer. However, he chose to focus on bodybuilding instead.
At 15, Arnold began bodybuilding training and at 17, he started contesting in competitions. At 18, he won his first competition, the junior Mr Europe contest. He was serving with the Austrian army at the time.
Arnold won the 1966 Mr Universe at the second try at the age of 20 making him the youngest ever Mr Universe. He went on to win the competition three more times.
After learning that some recent winners of the Mr. Universe competition went on to have successful acting careers in Hollywood, Arnold immediately set his sights on becoming the most famous professional bodybuilder in the world.
When Arnold wasn’t in the gym pumping iron, he could be found in the local movie houses watching his bodybuilding heroes on the big screen. In 1965, Arnold won the Junior Mr. Europe Contest.
In 1967, at the age of 20 he became the youngest person to win the Mr. Universe title. Arnold would go on to win the title three more times. Even with all of his success as a bodybuilder, Schwarzenegger still found time to attend business school in his spare time.
In September 1968, at the age of 21, Schwarzenegger moved to America with $27,000 to his name, all of which was saved up from winning competitions. $27,000 in 1968 is equal to $182,000 after adjusting for inflation, so it was no small sum.
Soon after arriving in Hollywood, Arnold began making small investments in real estate. He bought a small plot of land in Palmdale, California that was rumored to soon become the new home of a supersonic airport.
This all happened well before he was well-known actor. In fact, the real estate profits allowed Arnold to be more picky when it came to the acting roles he was being offered.
While she’s no Hollywood star Shriver was no stranger to the spotlight as she’s part of one of the most famous families in the United States. Notably, her mother, Eunice Kennedy Shriver is the sister of U.S. president John F. Kennedy.
Shriver and Arnold have four children together Katherine Eunice born in 1989, Christina Maria Aurelia born in 1991, Patrick Arnold born in 1993, and Christopher Sargent Shriver born in 1997. After 25 years of bliss, trouble hit their paradise and on May 9, 2011, Arnold and Shriver announced their separation.
At the time, Arnold publicly admitted to fathering a child with a longtime member of their household staff, Mildred Patricia Baena. This was even before his election as Governor of California. Shriver filed for divorce on July 1, 2011, citing “irreconcilable differences.”