s_knight8

http://www.latimes.com/news/politics/la-me-arnoldbiz10aug10,1,7896687.story?coll=la-home-headlines

While many celebrities prefer passive and extremely conservative
investments, Schwarzenegger's 100-plus ventures — 19 of which
are valued at more than $1 million — include individual stocks,
managed stock accounts, private investment funds, venture funds,
bonds, a number of direct stakes in operating businesses, and even a
high-end mutual fund company overseen by Nobel laureates.

Under state law, Schwarzenegger isn't required to reveal his net worth
or even the precise percentage he owns in various ventures.

But the 63-page disclosure form, interviews and a review of the public
record reveal an unusually wide range of business interests that
extend far beyond passion projects, such as his highly profitable
annual Fitness Expo in Columbus, Ohio, or the far-flung real estate
ventures for which he has long been known.

In addition to Schwarzenegger's widely publicized fitness industry
interests and his personal jet-leasing business — the actor for
years has leased a Boeing 747 to Singapore Airlines — the form
shows that he owns stakes in movie theaters and an Internet software
business, and stocks in companies as varied as media giant Gannett
Co., IBM, International Speedways, Roto-Rooter Inc. and Weight
Watchers International.


Schwarzenegger also holds a significant ownership stake in Dimensional
Fund Advisors, a Santa Monica-based mutual fund company that manages
about $40 billion.


To calculate the net worth of Schwarzenegger and his Kennedy heir wife
is virtually impossible based on Saturday's disclosure.


The unexpectedly wide range of holdings makes previously published
estimates of a fortune in the $200-million range seem conservative.

Clearly, the primary engine behind Schwarzenegger's fortune, whatever
its size, was a huge upswing in his movie earnings, beginning with
"Twins," released by Universal Pictures in 1988. The comedy, the
action star's first, is a testament to his business instinct.

In what was then a highly unusual deal, he decided to forgo any
upfront fee in return for 15% of the studio's receipts — an
arrangement that boosted his take to an enormous $30 million when the
audiences bought in.

"Arnold bet on himself," said producer Tom Pollock, who ran Universal
at the time. "If the movie went out and bombed, he would have made
much less."

Schwarzenegger appears to have received a total of at least $300
million from his next 13 films, culminating with this year's
"Terminator 3: Rise of the Machines."

On 10 Aug 2003 18:53:09 -0700, s_knight8@hotmail.com (s_knight8)

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