Jemima McEvoy is a staff writer who covers billionaires, and works on Forbes’ flagship Forbes 400 and World Billionaires lists. She joined Forbes in May 2020 and works in New York.
many movies as action packed as Arnold Schwarzenegger ’s actual life. Born into a poor family in the tiny Austrian village of Thal , where he later discovered his father had been a member of the Nazi party,star used his muscles and charm to be crowned Mr. Universe four times then conquer Hollywood and win California’s top political office. Along the way he’s spun his fame into fortune.
He’s also made millions more from product endorsements and commercials like his “Agent State Farm” cameo at the 2024 Super Bowl. But, according to Forbes estimates, about 65% of all his entertainment earnings go to taxes and fees, like paying his agent, manager, lawyer and more, leaving him with closer to $170 million after tax. By his own estimate, he gave up another $200 million in Hollywood income to serve as California’s governor from 2003 to 2011.
His divorce from former newscaster and Kennedy heir Maria Shriver was finalized in 2021. While the terms of the divorce were not made public,assumes the pair didn’t have a prenup and split their assets 50/50, per California law. Had they drawn up a premarital agreement, Schwarzenegger might be worth nearly double what he is today.
is one of the top performing in the country. Schwarzenegger described Wexner as one of his “teachers” in a 2001 speech, and the retail billionaireAnother key mentor of his: Berkshire Hathaway’s Warren Buffett, who the actor has described as “the greatest investor ever.” The pairwith the New York Times, Schwarzenegger cited the “Oracle of Omaha” as the reason why he wouldn’t invest in Bitcoin or other cryptocurrencies: “I am like Warren Buffett. I don’t invest in things I don’t understand.
Perhaps his smartest bet was buying a minority stake in $718 billion Dimensional Fund Advisors, founded by fellow billionaire, in 1996. Wachter’s former employer was at the time an investor in the investment firm, which was then managing around $12 billion in assets, and wanted to sell.
Key to the actor’s success has been his relentless work ethic. During his time as governor, his staffers were not allowed to use the word “tired,” according to Margita Thomson, his former press secretary. Schwarzenegger called it “the T-word.” “He’s constantly driven day to day. Like there’s 24 hours in the day, buckle up buttercup. Work hard and be disciplined… It’s just who he was,” says Thomson.
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