How bodybuilder Arnold Schwarzenegger went from Mr Universe to all-action cinematic superstar and billionaire investor.

BBC business editor Simon Jack and journalist Zing Tsjeng take us back to Schwarzenegger’s youth in post-war Austria and a childhood marked by poverty. Bodybuilding gave him a way out and he took it, going all the way to Hollywood. But he made even more money from investments than he did from acting. Schwarzenegger also had a fourth career as governor of California.

Good Bad Billionaire is the podcast that explores the lives of the super-rich and famous, tracking their wealth, philanthropy, business ethics and success. There are leaders who made their money in Silicon Valley, on Wall Street and in high street fashion. From iconic celebrities and CEOs to titans of technology, the podcast unravels tales of fortune, power, economics, ambition and moral responsibility, before asking the audience to decide if they are good, bad, or just billionaires.

To contact the team, email goodbadbillionaire@bbc.com or send a text or WhatsApp to +1 (917) 686-1176. Find out more about the show and read our privacy notice at www.bbcworldservice.com/goodbadbillionaire.

Audio for this episode was updated on 8th October 2025.

Arnold Schwarzenegger: Muscles, movies, money