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Arnold Schwarzenegger has earned many titles in his life: Mr. Olympia, actor, California governor, and environmental activist, just to name a few. At age 78, he has another to add to his resume: billionaire.<\/p>\n
Schwarzenegger’s net worth is around $1.2 billion, according to Forbes<\/a>.<\/p>\n A little less than half of that is from his movies and TV shows, from which he’s made $500 million pre-tax. The rest, according to Forbes, is due to various investments Schwarzenegger has made, many of which were inspired by advice from the Oracle of Omaha, Warren Buffet.<\/p>\n Don’t Miss:<\/p>\n A longstanding relationship<\/p>\n Schwarzenegger and Buffet are no strangers to each other. The pair first crossed paths in the 1990s when Berkshire Hathaway purchased NetJets, a private jet company that Schwarzenegger had a stake in.<\/p>\n Buffet served as an economic advisor for Schwarzenegger’s 2003 gubernatorial campaign, and the two reunited in 2016 when Buffet was as an advisor on “The Celebrity Apprentice,” which Schwarzenegger hosted.<\/p>\n They have also appeared alongside each other on panels discussing the U.S. economy.<\/p>\n Their relationship seems to have influenced Schwarzenegger\u2019s investment approach. In a 2021 interview with The New York Times<\/a>, he said he doesn’t invest in Bitcoin because he doesn’t understand it.<\/p>\n “I am like Warren Buffett,” Schwarzenegger told The Times. “I don’t invest in things I don’t understand.”<\/p>\n Buffet has said one of his keys to success is sticking to his “circle of competence,” or only investing in things that he comprehends.<\/p>\n Trending: Deloitte’s #1 Fastest-Growing Software Company Lets Users Earn Money Just by Scrolling \u2014 Accredited Investors Can Still Get In at $0.50\/Share.<\/a><\/p>\n Schwarzenegger’s portfolio and business deals<\/p>\n There is at least one investment where Schwarzenegger and Buffet went on different paths. Schwarzenegger was an early investor in Google’s 1999 Series A Round. Buffet missed the chance to invest in Google before it went public and has called the missed opportunity one of his greatest regrets.<\/p>\n Schwarzenegger was also an early investor in Starbucks in the 1990s, and still has a stake in the company, and has owned stock in Beyond Meat, AMC, and the YES Network, according to Forbes<\/a>.<\/p>\n No stock has been more profitable for him than his stake in investment firm Dimensional Fund Advisors. Schwarzenegger purchased a 5% minority stake in the company in 1996 when it handled $12 billion in assets. It now handles $718 billion in assets and his stake in the company is worth nearly $500 million, according to Forbes estimates.<\/p>\n See Also: Missed Nvidia and Tesla? RAD Intel Could Be the Next AI Powerhouse \u2014 Invest Now at Just $0.81 a Share<\/a><\/p>\n Paul Wachter, Schwarzenegger’s longtime financial advisor, told Forbes this was one of the most “incredible investments” he’s seen and that the actor would only sell his shares if the company goes public.<\/p>\n Additionally, Schwarzenegger owns several companies, runs annual bodybuilding and sports conventions around the world, and has a $40 million real estate portfolio.<\/p>\n In another display of financial saviness, Schwarzenegger forfeited a salary after studio executives doubted whether his film, “Twins,” with Danny DeVito, would be successful. He instead chose to receive 20% of the movie’s gross receipts, which earned him $35 million, more than he would’ve received from a traditional pay structure.<\/p>\n “It became such a historic deal that the studio would never, ever make that deal again,” he said in a 2016 interview with Graham Bensinger<\/a>.<\/p>\n Read Next: Forget Flipping Houses \u2014 This $36 Trillion Asset Class Lets You Invest Without Owning Property<\/a><\/p>\n Image: Shutterstock<\/p>\n This article Terminator, Governor, and Now, Billionaire. A Friendship With Warren Buffet and ‘Incredible Investments’ Puts Arnold Schwarzenegger In Exclusive Club.<\/a> originally appeared on Benzinga.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Arnold…\n","protected":false},"author":2,"featured_media":247087,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[30546,47885,64,63,447,134,68580,27550],"class_list":{"0":"post-247086","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-celebrities","8":"tag-accredited-investors","9":"tag-arnold-schwarzenegger","10":"tag-au","11":"tag-australia","12":"tag-celebrities","13":"tag-entertainment","14":"tag-forbes","15":"tag-warren-buffet"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/247086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=247086"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/247086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/247087"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=247086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=247086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=247086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}