Terminator. Barbarian. Landlord.
Schwarzenegger's real estate investments made him rich before he was a star
He needs your clothes, your boots and your motorcycle… and your rent check.
Before Arnold Schwarzenegger made it big in Hollywood, he was just your average, Mr. Olympia-winning landlord.
In the years before movies like “Conan the Barbarian,” “The Terminator” and “Predator” catapulted him into A-list stardom, Schwarzenegger made a tidy living in the late 1970s with $100,000 he invested in real estate.
“I did not rely on my movie career to make a living,” he explained in a new book by Tim Ferriss. “I realized in the 1970s that the inflation rate was very high and therefore an investment like that is unbeatable.”
“I benefited from a [magic decade] and I became a millionaire from my real estate investments,” the former California governor said, according to the New York Post. “That was before my career took off in show business and acting.”
The 69-year-old Schwarzenegger is one of 112 figures profiled in Ferriss’ “Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers.” [NYP] – Rich Bockmann