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Arnold Schwarzenegger
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Arnold Schwarzenegger

Business career
Schwarzenegger has also had a highly successful business career. Following his move to the United States, Schwarzenegger became a "prolific goal setter" and would write his objectives at the start the year on index cards, like starting a mail order business or buying a new car – and succeed in doing so. By the age 30, Schwarzenegger was a millionaire, well before his career in Hollywood. His financial independence came from a series successful business ventures and investments. In 1968, Schwarzenegger and fellow bodybuilder Franco Columbu started a bricklaying business. The business flourished thanks to the pair's marketing savvy and an increased demand following the 1971 San Fernando earthquake. Schwarzenegger and Columbu used prits from their bricklaying venture to start a mail order business, selling bodybuilding and fitness-related equipment and instructional tapes. Schwarzenegger rolled prits 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 real estate holding companies. In 1992, Schwarzenegger and his wife opened a restaurant in Santa Monica called Schatzi On Main. Schatzi literally means "little treasure," colloquial for "honey" or "darling" in German. In 1998, he sold his restaurant. He invested in a shopping mall in Columbus, Ohio. He has talked about some those who have helped him over the years in business: "I couldn't have learned about business without a parade teachers guiding me... from Milton Friedman to Donald Trump... and now, Les Wexner and Warren Buffett. I even learned a thing or two from Planet Hollywood, such as when to get out! And I did!" He has significant ownership in Dimensional Fund Advisors, an investment firm.

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Keywords:#arnold #schwarzenegger
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Date added:Sep 29, 2010
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