Arnold - The Pumping Iron

Thursday, September 20, 2007

Business/Investment career

By the age of 30, Schwarzenegger was a millionaire, well before his career in Hollywood. His financial independence came from a series of successful business ventures and investments:

Bricklaying Business
In 1968, Schwarzenegger and fellow bodybuilder Franco Columbu started a bricklaying business. The business flourished both because of the pair's marketing savvy and increased demand following a major Los Angeles earthquake in 1971.

Mail Order Business
Schwarzenegger and Columbu used profits from their bricklaying venture to start a mail order business, selling bodybuilding and fitness-related equipment and instructional tapes.

Real Estate
Schwarzenegger rolled profits from the mail order business and his bodybuilding competition winnings into his first real estate venture: an apartment building he purchased for $10,000. He would go on to invest in a number of real estate holding companies.

Planet Hollywood
Arnold Schwarzenegger was a founding "celebrity investor" in the Planet Hollywood chain of international theme restaurants (modeled after the Hard Rock Cafe) along with Bruce Willis, Sylvester Stallone and Demi Moore. Schwarzenegger severed his financial ties with the business in 2000.

1 Comments:

At April 6, 2009 at 6:15 AM , Blogger Raj said...

He is a Business Builder as well, eh.
Write poetry

 

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