Arnold Schwarzenegger Knows To Hit The Bull’s Eye!
Arnold Schwarzenegger‘s 100-plus ventures (1/5th of which are valued at more than $1 million), including managed stock accounts, venture funds, bonds, direct stakes, high-end mutual fund company, and whatnot, makes him a man with sharp business acumen.
In a previous interview with Los Angeles Times, Main Street Advisors’, Paul Watcher, who boasts clients like Schwarzenegger and Lebron James, famously expressed his fondness for the Austrian Oak’s business acumen.
Watcher, known for overseeing the actor’s assets for more than two decades, said: “Arnold’s one of the greatest instinctive businessmen I’ve ever met.” He also praised his lucrative investments in various sectors, adding, “In my opinion, it’s very different from the normal Hollywood portfolio.”
Interestingly, The Predator actor made his first million (valued at $7.6 million today) in real estate when he was just 25. Watcher is the founder of Main Street Advisors, a Californian firm that managed to raise over $1 billion last year with increasing client-heavy deals.
The Secret Behind Arnold Schwarzenegger’s Financial Sucess
In 2013, it was reported that under the California State Law, Schwarzenegger isn’t required to reveal his “net worth or even the precise percentage he owns in various ventures.” But again, a plethora of interviews, reviews of public records, and a 63-page disclosure form reflect the kind of honest fortune the actor amassed as a businessman.
From his personal jet-leasing business (leasing a Boeing 747 to Singapore Airlines for years); stakes in movie theatres; internet software business; stocks in media giants like Gannett Co., IBM, and premiere weight-loss company, Weight International; to boasting a portfolio of four companies, the Terminator star has displayed a “powerful urge to make money”.
The actor is also the founder of a production company, Oak Production, and a supplement company, Ladder. During a previous appearance on The Tim Ferriss Show podcast in 2015, California’s elderly stateman shared his secret to getting rich “during a decade with infamous inflation.” He famously shared:
“The buildings I would buy for $500,000 within a year were $800,000 and I put only $100,000 down. That’s 300 percent on your money!”
A major reason why most of the investments worked in his favor, results from proper research and “knowledge acquisition on these fronts.” Also, he likes to stay away from cryptocurrency despite his millions worth of investments! And well, when you have an advisor like Paul Watcher, the money keeps rolling in.
Source: Los Angeles Times
