You Won’t Believe How Arnold Schwarzenegger Made His First Million – Clue: It’s Not Acting
With a net worth of $400 million, you’ll think that Arnold Schwarzenegger made his fortune from the entertainment industry, having starred and appeared in many shows and movies throughout his long career.
You’re not wrong to think that because if you’re one who grew up watching the installments of “The Terminator,” then you would know how massive these films were back in the days.
The actor has also dipped his toes into another arena when he transitioned into a politician, serving as the governor of California from 2003 to 2010. However, these are not related to how he got his first million and you will definitely be shocked to find out the answer.
Making His First Million
Arnold is not as active on the big screen as he was before but still, there are a few projects here and there like the “Viy 2: Journey to China” and the “Terminator: Dark Fate,” which will be shown in October.
It’s not a shocker if he decides to ultimately end his acting career, although a lot of fans would be sad, because he has already made a lot that can make him retire comfortably. However, it was not always the entertainment industry that made him rich – at least for his first million, which is kind of a major thing.
The 71-year-old revealed to Tim Ferriss, “Tools of Titans” author, that he observed how people became vulnerable because they didn’t have money and so were forced to take on jobs that they either want or not – something that he doesn’t want to happen to him.
So in the 1970s, with the money he received from bodybuilding, he started with the sport at 15, to try his luck on real estate and placed a down payment for an apartment building.
Arnold was always linked to bodybuilding, thanks to an unmissable physique that was built from years and years of dedication. At 18, he went home as the winner of the Junior Mr. Europe Contest in 1965 and two years later, he would become the Mr. Universe.
He also won Mr. Olympia plenty of times and went on to become prominent in the sport. In fact, he is well-known in the field that an event was named after him, The Arnold Sports Festival.
It turned out that what the actor tapped, real estate, was a lucrative business, and he soon figured this out when buildings he bought for just $500,000, with a down payment of $100,000, appreciated to $800,000 within a year.
Because of this, Arnold bought more properties on Main Street in Santa Monica and traded his other buildings. Needless to say, he didn’t feel the pressure placed on desperate actors and gym enthusiasts who must grab whatever offer that comes their way simply because he had money, which translates to more freedom for his acting career.
More in Financial Adviser
Nick and Priyanka Vacationed in This Stunning Tuscany Villa Which Is Almost Impossible to Afford
Binge-watching Stranger Things on Netflix, partying out with friends, reading a book, or playing video games – these are just ways...July 20, 2019
Cardi B Threw Her Wig in the Crowd and One Lucky Fan Is Now Auctioning It on eBay for an Astounding Price!
When you are in the zone, you tend to get carried away. The same goes when you’re doing something and you...July 19, 2019
Warren Buffett Is Impressed by Alex Rodriguez’s Business Acumen, Here’s Why We Are Too!
Alex Rodriguez is the man of the hour – from soon-to-be marrying his highly successful fiancé, multihyphenate Jennifer Lopez, to handling...July 18, 2019
David Beckham and Simon Fuller No Longer Business Partners! What Will Happen to the Beckham Brand?
More than two decades in doing what he does best, David Beckham announced that he was retiring from football at just...July 18, 2019
A Saudi Prince Just Spent a Staggering $52 Million on This Mega-Mansion!
There’s no doubt that California has become a popular state among the powerful and affluential who’re pouring millions into homes many would die for....July 18, 2019
These Celebrities Show That You Can Be Successful in YOUR Businesses Too
Stardom is oftentimes associated with glitter and gold. Although this may be true to some extent, celebrities are well aware that...July 18, 2019
These Tips from Frugal Celebrities Show You Can Be Rich and Tight with Money at the Same Time
Celebrities oftentimes automatically receive the bad rep of spending what seemed to be their gazillion earnings frolicking on expensive getaways, swimming...July 18, 2019
Priyanka Chopra’s Dog Is Living the Luxurious Life We All Wish We Had
Getting a dog is a lot of hard work and can be likened to raising your own child, sans the education,...July 18, 2019
After Uber’s Colossal IPO Fail, Co-Founder Garrett Camp is Venturing into Another Lucrative Industry
Amid the recent controversies surrounding Uber’s dud of an IPO, its multi-billionaire co-founders, Garrett Camp, and Travis Kalanick are expanding into another thriving industry: real...July 18, 2019