Arnold

The Terminator: A heavy lifter on Wall Street


Just how wealthy is the potential future governor of California? Here's a look inside his portfolio, which includes holdings in Starbucks, Cisco and many, many other businesses.


If he muscles his way into office, actor-turned-gubernatorial candidate Arnold Schwarzenegger will be the richest person ever to hold the California post.

The action-film star has a net worth believed to range from $200 million to $850 million, according to CNBC’s Jane Wells, who dug through the financial disclosures Schwarzenegger made when he filed to run for election. Schwarzenegger is running as a Republican in a frenzied special election that's contingent on the successful recall of incumbent Gray Davis.

According to the records Wells viewed, Schwarzenegger has 20 holdings worth more than $1 million each and 49 more investments worth between $100,000 and $1 million. He has been in venture capital funds, invested in tech companies (and lost a bundle in the last few years) and owns corporate and municipal bonds -- the better to trim his hefty tax bill. He also owns a lot of real estate. Money 2004.
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His stock holdings include shares in Starbucks, PepsiCo, Cisco Systems, Moody’s and Gannett, and he has private equity investments of $1 million or more at Goldman Sachs and Morgan Stanley. Moreover, Wells says, Schwarzenegger is a significant investor in Dimensional Fund Advisors, which manages some $39 billion.

Due to the idiosyncrasies of the election filings, it's impossible to tell exactly what the Hollywood star is worth. But if the figure reached $850 million, he’d be ranked about 277 on the Forbes 400 list of the richest Americans. For the record, his wife, Maria Shriver, is a member of the Kennedy clan, whose members are not among the Forbes 400. But her uncle, Sen. Ted Kennedy, D-Mass., admits to having four trusts worth up to $45 million.

In 2000 and 2001, according to his tax returns, Schwarzenegger earned a total of $57 million, mostly from two movies, “The 6th Day” and “Collateral Damage.” He hasn’t filed his 2002 return yet. Interestingly, Schwarzenegger’s advisers would not let reporters copy the tax returns. They’re worried copies would be auctioned on eBay.

Want to say "Hasta la vista, baby" to your stock broker and duplicate the Terminator's portfolio? Here are some of the stocks he owns:


Starbucks (SBUX, news, msgs)

PepsiCo (PEP, news, msgs)

Coca-Cola (KO, news, msgs)

Gannett (GCI, news, msgs)

IBM (IBM, news, msgs)

International Speedway (ISCA, news, msgs)

Roto-Rooter (RRR, news, msgs)

Microsoft (MSFT, news, msgs)

Cisco Systems (CSCO, news, msgs)

Weight Watchers International (WTW, news, msgs)

Moody’s (MCO, news, msgs)

For a look at Arnold's foray in the restaurant business, see this article on Slate.

-- Charley Blaine

If hes got that much money he might give £200000 to pay for my new house

and a bit here too, haven't finished to pay mine and i'd like a swimming pool please Arnie :P ... and a Harley

its crazy, arnie taking over...wot a circus! its fun and a good laugh but if the guy knows nothing about wot he is doing i feel sorry for the ppl

why do you feel sorry for the ppl cause arnold decided to run for election??? he isn't governor yet and if he succeeds then it were the ppl who voted for him...

he may be a hero to loads of ppl, but if the guy hasnt a clue wot he is doing(he probs does tho) he could really really make things worse, if its at all possibly :P i find it just a circus, ppl cheering cos he says 'hasta la vista baby' maybe if riche siad 'lets ride brother' i may cheer

holy cow