Arnold Built Vast Financial Empire
NewsMax.com
Monday, Aug. 11, 2003
Financial disclosure statements filed this weekend with the Los Angeles County registrar-recorder by Arnold Schwarzenegger appear to indicate a personal fortune of conservatively $200 million, according to a report in the Los Angeles Times.
Although Schwarzenegger wasn’t required to reveal his net worth or the percentage he owns in various ventures, the 63-page disclosure form, interviews and a review of the public record reveal an unusually wide range of business interests, disclosed the Times.
Included in his portfolio:
At least $300 million from his last 13 films, culminating with this year's "Terminator 3: Rise of the Machines."
One hundred-plus assorted ventures, 19 of which are valued at more than $1 million, including individual stocks (Gannet Co., IBM, Roto-Rooter, International Speedways, International Weight-watchers), managed stock accounts, private investment funds, venture funds, bonds, stakes in operating businesses (movie theaters, Internet software).
Dozens of assets in a family trust set up by the mother of his wife, Maria Shriver, who is a member of the Kennedy family.
A personal jet-leasing business. (For years he has leased a Boeing 747 to Singapore Airlines.)
Numerous commercial properties along Santa Monica's Main Street, where the film star's ventures remain largely centered.
Columbus' Easton Town Center, a million-square-foot mall in which the actor is partnered with retailing giant the Limited and developer Georgetown Co.
His highly profitable annual Fitness Expo in Columbus, Ohio.
A significant ownership stake in Dimensional Fund Advisors, a Santa Monica-based mutual fund company that manages about $40 billion. The majority of Dimensional's clients are corporate and public employee pension plans, including the California Public Employees Retirement System.
Some who have done business with Schwarzenegger opine that he has an impressive grasp of complex numbers and deal points, according to the report.
"He's not a Terminator when it comes to how he handles complex situations. He's more an analyzer than a Terminator," said Cox Castle and Nicholson's Mario Camara, a Los Angeles real estate attorney who has negotiated with Schwarzenegger several times on behalf of developers with properties for sale.
His most impressive formal education credential is a degree in "business and international economics" from the University of Wisconsin, Superior.
Beth George, a spokeswoman for the university, told the Times that Schwarzenegger graduated through the school's extended degree program, completing correspondence courses and some on-campus work in a tailor-made major — "international marketing of fitness and business administration."
