In the 1970s, Arnold Schwarzenegger made his first millions in real estate, before Hollywood turned him into an action star . Schwarzenegger came to the United States from Austria in 1968 at age 21. He arrived with what he described as “empty pockets.” He built a career in bodybuilding and won competitions, but he also worked in construction. His financial path changed when he entered real estate. In an interview with real estate mogul Grant Cardone, Schwarzenegger explained how an apartment building investment helped him build his first fortune. His account also shows how property prices and access to real estate investing have changed since the 1970s.
