Arnold Schwarzenegger Net Worth: Arnold Schwarzenegger is an Austrian-American bodybuilder, model, actor, businessman, and politician. He is one of the most famous actors in the world and has sometimes been the highest paid person in the entertainment world.
As of 2020, Arnold Schwarzenegger has a net worth of $ 400 million.
At the peak of his career, he consistently earned $ 20-30 million per movie. During his career, Arnold has earned hundreds of millions of dollars in movie wages. From his earliest days in the US USA In the 1970s, he has invested his earnings in a variety of investments, especially in real estate. Arnold's real estate portfolio alone is worth more than $ 100 million.
Early life
Arnold Schwarzenegger was born on July 30, 1947 in the small town of Thal, Austria. Her father Gustav was the local police chief and her mother was a housewife. In 1960, Schwarzenegger's football coach took him to the local gym and introduced the 13-year-old boy to the world of bodybuilding. Originally, his father wanted young Arnold to become a police officer. His mother wanted him to attend a trade school. Arnold knew he was destined for something very different outside his small Austrian town. After learning that some recent winners of the Mr. Universe competition had successful careers in Hollywood, Arnold immediately set out to become the world's most famous professional bodybuilder.
In 1965 Arnold won the Junior Mr. Europe Competition. In 1967, at the age of 20, he became the youngest person to win the Mr. Universe title. Arnold would win the title three more times. Even with all his success as a bodybuilder, Schwarzenegger still found time to attend business school in his spare time.
Investment Property
In September 1968, at the age of 21, Schwarzenegger moved to the United States with $ 27,000 in his name, all of which was saved from winning competitions. In today's dollars, $ 27,000 in 1968 equals $ 182,000 after adjusting for inflation, so it was not a small sum. Soon after arriving in Hollywood, Arnold began making small investments in real estate. He bought a small parcel of land in Palmdale, California, which was rumored to soon become the new home of a supersonic airport. Although this first investment failed, Arnold was undeterred. He took the remaining funds and borrowed $ 10,000 from his trainer at Gold & # 39; 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. It then changed to a 12-unit building, followed by a 36-unit building, followed by a 100-unit building. Every time Arnold sold a building, he poured the profits into the next company to avoid taxes and increase his potential future return. When he was 25, Arnold had become a real estate millionaire. All of this happened long before he was a known actor.
Today, Arnold owns a vast real estate portfolio comprised of commercial properties primarily in Southern California. Excluding their personal homes, the portfolio is worth more than $ 100 million.
Cinematographic success
In 1970, he received his first "Mr. Olympia" title, which he would earn several more times during his career. After winning Mr. Olympia, Arnold received his first big jump in the movie business when he was cast in the feature film "Hercules in New York". Arnold's fame became even better known in 1977 after the release of the bodybuilding documentary "Pumping Iron".
His fame continued to grow with films like "Conan the Barbarian", but his career really didn't take off until he was cast in the 1984 box office hit "The Terminator." He earned $ 75,000 for his work on The Terminator, which later earned $ 80 million worldwide. After Terminator, Arnold's career launched into the stratosphere. It followed with successes like "The Running Man", "Red Heat" and "The Predator". He even dabbled in comedy with Ivan Reitman's 1988 film "Twins," co-starring Danny Devito.
In the 1990s, Arnold returned to his Terminator role with his friend and director James Cameron. The two would even go on to have even more success with "True Lies." Schwarzenegger completed the 90s with films like "Last action Hero", "Eraser" from 1996 and finally "Batman and Robin".
(Photo by Jason Merritt / Getty Images)
Higher salary
For the 1988 movie "Twins," Arnold, Danny Devito, and director Ivan Reitman agreed to receive a zero salary from the studio in exchange for owning 40% of the film (13.33% each). The film was a smash hit and earned over $ 215 million worldwide at the box office alone. It was also a hit on VHS and cable. In a March 2014 interview, Arnold claimed that he won more than "Twins" than any of his other films throughout his entire career. He said the same is presumably true for Reitman and Devito. Assuming that Arnold, Danny and Ivan each did $ 35-40 million of the film in 1988, after adjusting for inflation that equates to earning $ 70- $ 80 million The trio would meet in the movie "Junior".
Other notable wages
Arnold earned $ 2 million for "Commando", $ 3.5 million for "Predator", $ 11 million for "Total Recall", $ 12 million for "Kindergarten Cop" and "Terminator 2". In Terminator 2, Arnold only had 700 words of dialogue, which equals $ 21,429 per spoken word.
He earned $ 15 million for "True Lies", "Junior" and "Last Action Hero" and then $ 20 million for "Eraser" and "Jingle All The Way". Arnold's paychecks exceeded $ 25 million for "Batman and Robin," "The Sixth Day" and "Collateral Damage."
In 2003 Arnold negotiated a starting salary of $ 29.25 million PLUS a 20% royalty on gross earnings of more than $ 380 million for "Terminator 3: Rise of the Machines." The film earned $ 433 worldwide, bringing Arnold's total salary to an estimated $ 35 million.
During his career to date, Arnold has earned at least $ 400 million in movie wages alone, before taxes.
Political career
Schwarzenegger has been a longtime member of the Republican Party. He even appeared at the 2004 Republican National Convention giving a speech on why he became a Republican. In 2003, he surprised the nation when he announced on "The Tonight Show" that he was running for governor of California. Arnold served as Governor from 2003-2011.
In the run-up to his election, Arnold released financial disclosures that fixed his 2003 net worth at $ 200 million. The same disclosure showed that his earnings from the previous year exceeded $ 26 million and his federal tax bill was $ 9.2 million. He directs all movie revenue through an LLC called Oak Productions Inc., based in Santa Monica, California. Oak Productions is headquartered in a building located at 3110 Main Street, a commercial property with approximately a dozen tenants in a prime location. Arnold owns the entire building.
Arnold would later claim that by serving as governor for eight years he lost $ 200 million in potential movie wages.
Personal life
Arnold was married to television news personality Maria Shriver, niece of President John F. Kennedy, from 1986 to 2017. They have four children together, including Katherine (who would later marry actor Chris Pratt) and model Patrick.
Arnold and Maria's relationship ended in 2011 after the news that he had had a son 14 years earlier with the family's housekeeper. Their divorce took six years to settle. Arnold kept his old family home in Brentwood, while Maria uses her funds to purchase a new home nearby. They maintain joint ownership of family vacation properties in Sun Valley, Idaho and Hyannis Port, Massachusetts.
Summary
Arnold Schwarzenegger has a net worth of $ 400 million. He is one of the highest-paid actors of all time, having earned hundreds of millions of dollars in movie wages during his career. He is also a very successful real estate investor with a portfolio of at least $ 100 million.
Read more: Arnold Schwarzenegger Net Worth