[AZTOY]

CNBC Market Dispatches 8/13/2003 6:17:46 AM

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.
Smarter, faster and easier
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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

PepsiCo

Coca-Cola

Gannett

IBM

International Speedway

Roto-Rooter

Microsoft

Cisco Systems

Weight Watchers International

Moody’s


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

-- Charley Blaine

http://moneycentral.msn.com/content/CNBCTV/Articles/Dispatches/P57642.asp

[PeteyPete]

With that kind of money, i hope his kinds turn out to be uber-conservatives. The last thing we need is a donation of 850 million into the coffers of the Kennedy family.

[Destructo6]

Not at all bad for somebody who arrived here with a suitcase and little else.

[pax]

I'm rooting for him simply because I really really really believe it would be a Good Thing to have a California governor who cannot run for the White House. Cali is already a lost cause, and keeping their candidates out of higher office is a chore for the rest of us. Be nice to have a break.

pax

He knows nothing and thinks he knows everything. That points clearly to a political career. -- George Bernard Shaw

[Standing Wolf]

Maybe he'll be less inclined to steal from the tax payers than his predecessor.

[Erik]

Arnold represents the essence of the American dream for many. I hope he gets elected.

[JitsuGuy]

pax, if Orrin Hatch gets his way, Arnold may be able to run for the office of the President after all... Interesting timing isn't it?

http://politicalhumor.about.com/gi/dynamic/offsite.htm?site=http://www.sltrib.com/2003/Jul/07162003/nation%5Fw/75857.asp

Hatch for foreign-born hopefuls


By Robert Gehrke
The Associated Press

WASHINGTON -- Sen. Orrin Hatch wants to terminate the constitutional prohibition against foreign-born citizens such as Arnold Schwarzenegger and others from becoming president.
Article II of the Constitution says that, "No Person except a natural born citizen, or a citizen of the United States at the time of the adoption of this Constitution, shall be eligible to the office of president."
Hatch is seeking to amend the Constitution to remove the ban, allowing anyone who has been a citizen of the United States for two decades to run for the country's highest office.
"This restriction has become an anachronism that is decidedly un-American," Hatch, the chairman of the Senate Judiciary Committee and one-time presidential candidate, said when he introduced the change last week.
But retired University of Alabama history professor Forrest McDonald said the prohibition made sense when it was included in the Constitution "and I'm not sure the reasoning is entirely outdated."
He said that 15 years before the Constitution was written, foreign operatives from Russia, Prussia and Austria conspired to get a favorable monarch elected to lead Poland. Once in place, the country was divided up among the three powers.
"The American Fathers were acutely sensitive to the prospect," McDonald said. He said it is unlikely, although not inconceivable, that something like that could happen today.
His other argument against the amendment: Arnold Schwarzenegger.
The "Terminator" star has been flirting with running as a Republican for governor of California, and with money, charisma and name recognition could make a strong candidate for president -- but he was born in Austria.
"I'm scared of the man," McDonald said.
Hatch spokeswoman Margarita Tapia said the bill wasn't crafted to help Schwarzenegger.
"It was a policy judgment. It wasn't associated with a particular individual," she said.
Arkansas Rep. Vic Snyder, a Democrat, is sponsoring a similar version in the House that would require foreign-born citizens to wait 35 years before becoming president. Rep. Barney Frank, D-Mass., sponsored a constitutional amendment during the last Congress, but it didn't make it through the House Judiciary Committee.

[pax]

Hatch spokeswoman Margarita Tapia said the bill wasn't crafted to help Schwarzenegger.
"It was a policy judgment. It wasn't associated with a particular individual," she said.
:rolleyes: Oh yeah, that sounds likely.

If Hatch has his way, he'll eliminate the only reason I would root for an anti-gun RINO.

pax

[HBK]

No way should we allow foreign born citizens to run for president. BAD IDEA!:fire: Whatever could Hatch be thinking?

[Geech]

I remember when the idea from Demolition Man of a "Schwarzeneggar amendment" that allowed him to become president seemed ludicrous. :what: