$450 Million Worth Arnold Schwarzenegger, Who “Loves Paying Taxes”, Once Disclosed a Simple “$1 Into $2” Strategy That Made Him a Millionaire

Arnold Schwarzenegger began his journey from scratch when he arrived in the USA. The Austrian Oak, when came to California in 1968, he had just a vision to become a champion bodybuilder and a successful person. But as time went by, Arnold kept broadening his vision and now has a net worth of $450 Million. Whether it be bodybuilding, investing, or acting, Schwarzenegger has done everything being the best. In an interview in 2017, Schwarzenegger shared how he began his journey in real estate in the 70s.

Bodybuilding legend also revealed what is a way to make more money just than physical labor. 

Arnold Schwarzenegger’s first step in the 70s

Arnold Schwarzenegger owns a crazy amount of wealth without a doubt. The $450 Million actor has created his wealth from various sources; investing, businesses, and acting. However, it all began with bodybuilding and real estate. In the 70s, after winning multiple Mr. Olympia titles, visionary Schwarzenegger didn’t waste any time in getting into real estate. 

In an interview in 2017, the interviewer asked him about his principle of making $1 into $2 in his real estate. Schwarzenegger replied, “You know, we all pay taxes and we all have the idea that we are losing this money. But there’s a difference between hating that you lose that money and hating to pay taxes. I love paying taxes, if it is the fee amount and if it is used wisely, I think we all have to contribute it because this is how you set up social programs, that’s how you built infrastructure, that’s how you have a military and all these kinds of things, so that’s great.”

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He added, “But they always had the belief that the money that they are paying taxes, I want to make up through wise investments. So this is why I got into real estate right away in the 70s and started buying raw land, and developing that started buying apartment buildings.” Schwarzenegger continued, “It takes thoughts and ideas can make much more money than actual physical labor and physical labor is always part of the action because I always say you have to work your a** off in the middle what you do because now you have a great idea but then you still have to implement it and you have to hassle.”

Where does Arnold Schwarzenegger spend his major earnings?

Arnold Schwarzenegger has earned a lot in his life. But as earning, he also believes in sharing. Schwarzenegger is a philanthropist and spends a pretty good amount on charities. Even during his governance, he used to donate all his monthly income to charity.

Other than this, he also spends money on his luxury uses as well. He has a massive mansion, which is spread over two and a half acres. Lastly, he also loves to spend his earnings on luxury cars.

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Arnold Schwarzenegger made it big even after starting from scratch. What do you think of Arnold’s strategy for making money? Let us know in the comment section.