With A Net Worth Of $450 Million, Arnold Schwarzenegger Terminates Financial Support Of His Son

Children of famous people do not always live the glamorous life of their parents. When Arnold Schwarzenegger’s son Joseph Baena graduated from college, Schwarzenegger cut him off financially. It certainly wasn’t because he couldn’t afford to support him, as his net worth is nearing half a billion dollars. But the Terminator says he has his reasons.

Joseph Baena learned about his famous father in 2011

Mildred Baena became pregnant with Schwarzenegger’s son Joseph, while the star was married to Maria Shriver.

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Hollywood To You/Star Max/GC Images
Hollywood To You/Star Max/GC Images

It wasn’t until 2011 that Joseph learned who his father was when his grandmother told him.

He came from humble beginnings

Joseph and his siblings were raised about 100 miles north of Los Angeles.

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BG004/Bauer-Griffin/GC Images
BG004/Bauer-Griffin/GC Images

Baena speaks proudly of his upbringing, saying “It was a humble home, and we didn’t have much.”

Joseph’s Mother Took Him Away From The Chaos

Joseph’s family faced a tremendous amount of scrutiny, understandably, once news broke about Schwarzenegger being his father.

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Hollywood To You/Star Max/GC Images
Hollywood To You/Star Max/GC Images

That’s when Joseph and his mother moved North of Los Angeles to escape the chaos.

Schwarzenegger Didn’t Turn Away From Him

Although news of his unknown son shook up Schwarzenegger’s family life and made headlines, he didn’t turn away from Joseph.

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JB Lacroix/GC Images
JB Lacroix/GC Images

Instead, Schwarzenegger reached out to Joseph and the two quickly formed a close bond.

After graduating, it’s hasta la vista, baby!

Joseph Baena, now in his mid-twenties, attended Pepperdine University in Malibu, California, and Schwarzenegger was there to support him on graduation day.

Arnold Schwarzenegger's son

All financial support from his dad was terminated after he graduated.

We struggled to get into acting

Baena decided to pursue a career in the entertainment industry but struggled to land acting roles and follow in his famous dad’s rather large footsteps.

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BG004/Bauer-Griffin/GC Images
BG004/Bauer-Griffin/GC Images

Instead, Baena shifted gears and earned his real estate licence. Like his famous father, he also got into bodybuilding.

$400 Million Dollar Father

It is estimated that the famous actor’s net worth is in the ballpark of $450 million.

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Dave J Hogan/Getty Images/Steve Granitz/FilmMagic
Dave J Hogan/Getty Images/Steve Granitz/FilmMagic

Schwarzenegger grew his fortune by investing in stocks from money earned acting and his bodybuilding business.

Joseph live at home with his mom during college

Schwarzenegger bought Joseph and his mother a home after learning that Joseph was his biological son.

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Alberto E. Rodriguez/Getty Images
Alberto E. Rodriguez/Getty Images

It worked out well, as Joseph could commute to the Pepperdine campus in coastal Los Angeles while living rent-free at home.

You’re on your own kid!

Thankfully, Schwarzenegger paid for his son’s college tuition, for which Joseph is very grateful. But after that, his father cut him off financially.

Joseph Baena
Instagram/joebaena
Instagram/joebaena

Baena says that he holds no grudges about his father ending financial support.

Life as the son of “The Terminator”!

Growing up, Baena was happy being raised by his Guatemalan family and learning his heritage.

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gotpap/Bauer-Griffin/GC Images
gotpap/Bauer-Griffin/GC Images

Baena celebrated his family’s culture through music and food, oblivious to his famous father.

That’s your dad?

Baena very vividly remembers the moment in eighth grade when his mother pulled him from class.

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Paul Harris/Getty Images/Axelle/Bauer-Griffin/FilmMagic
Paul Harris/Getty Images/Axelle/Bauer-Griffin/FilmMagic

She was preparing him for the shock of everyone learning who his father was.

Life must go on!

Baena’s life went on as his dad raked in millions endorsing video games and lending his voice to animated characters.

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MICHAEL TRAN/AFP via Getty Images
MICHAEL TRAN/AFP via Getty Images

Joseph still aspires to act, in his father’s shadow.

He supports himself working as a real estate agent

Baena’s career and life paths are his own to travel, free from needing his father’s wealth, name, and fame to succeed.

Joseph Baena
Instagram/joebaena
Instagram/joebaena

Working as a real estate agent, Baena wants to make both of his parents proud.

Why he doesn’t go by Joseph Schwarzenneger

Surprisingly Baena has not taken on his famous dad’s last name, partially in support of his hard-working mother.

Joseph and Mildred Baena
Instagram/joebaena
Instagram/joebaena

“Well, I already have a last name…” he says with pride.

Joseph isn’t the only famous kid that’s been cut off

While Baena’s story is popular for who his dad is, it is by far means a unique one.

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TM/Bauer-Griffin/GC Images
TM/Bauer-Griffin/GC Images

Many celebrities keep their massive fortunes to themselves, not sharing with family members.

Arnold and Shaq share similar parenting styles when it comes to money

Former NBA player Shaquille O’Neal is also worth a reported $400 million dollars, yet shares almost none of it with his six children.

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Cassy Athena/Getty Images
Cassy Athena/Getty Images

O’Neal maintains his kids must earn every penny.

He’s ready to earn his own fame and fortune

Coming from humble beginnings, Baena is ready to earn his fame and fortune on his own merit.

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Emma McIntyre/Getty Images for Nickelodeon
Emma McIntyre/Getty Images for Nickelodeon

Actor Harrison Ford has one son that is a renowned chef, and another son in a rock band.

Joseph Baena: Actor, bodybuilder, and Realtor?

Real estate was something to learn while Baena struggled to find steady income.

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Paul Archuleta/Getty Images
Paul Archuleta/Getty Images

It was through wanting to do well in his studies, that real estate grew on him.

Sorting it out while being in the spotlight is difficult

A media frenzy ensued while Baena and his family were piecing their lives together.

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Greg Doherty/Getty Images
Greg Doherty/Getty Images

The shocking revelation happened while his dad was host of the television show Celebrity Apprentice.

Can you keep a secret?

News of his birth and identity of his father broke nearly 10 years after his birth.

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gotpap/Bauer-Griffin/GC Images
gotpap/Bauer-Griffin/GC Images

Baena and other more famous siblings were protected from the flames of the frenzy.

Can we quote you on that?

Networks like CNN, shows like TMZ, and even Oprah Winfrey herself, all fought not-so behind the scenes.

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TM/Bauer-Griffin/GC Images
TM/Bauer-Griffin/GC Images

All pursuing exclusive interviews with any family member willing to spill the beans.

Arnold’s tough love!

Celebrities have been practicing tough love with their offspring for years.

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Charley Gallay/Getty Images for Vintage Hollywood GO Campaign
Charley Gallay/Getty Images for Vintage Hollywood GO Campaign

Today, celebs would rather lend their bank accounts to business ventures and education rather than just handing out money.

Joseph stays grounded

While staying with relatives, Joseph says his life transformed before his eyes.

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gotpap/Bauer-Griffin/GC Images
gotpap/Bauer-Griffin/GC Images

Joseph says he relied on his mom for support and guidance, “She was really the only person I had.”

I thought he was mine!

Joseph’s mom Mildred separated and divorced her husband Rogelio, shortly after Joseph’s birth.

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Tommaso Boddi/WireImage
Tommaso Boddi/WireImage

Her ex-husband Rogelio Baena spoke to a Columbian magazine, claiming Joseph’s birth documents were falsified by Schwarzenegger and that he planned to sue. Thankfully, that seems to be water under the bridge today.

He’s not giving up on an acting career

Given his father’s gigantic celebrity shining brightly all over Hollywood, Joseph never gave up on his pursuit of an acting career.

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Jeff Kravitz/FilmMagic
Jeff Kravitz/FilmMagic

Baena knows he has a mountain to climb.

Let’s do it again! Take number…?

Baena tried his first leading role in low-budget action films called Lava and Encounters.

Joseph Baena acting
Instagram/joebaena
Instagram/joebaena

Joseph believes he has to start somewhere and is unfazed by acting in such nameless productions.

If he can my dad can make it, so can I!

Joseph drew on the experiences his dad went through to begin his career.

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Axelle/Bauer-Griffin/FilmMagic
Axelle/Bauer-Griffin/FilmMagic

Joseph knows people mocked his dad’s accent, constantly doubting his abilities as a legitimate Hollywood actor.

Try out for what team?

Although he has incredible genes, Joseph admits that athleticism didn’t come naturally to him at first.

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Greg Doherty/Getty Images
Greg Doherty/Getty Images

He acknowledges being out of shape and getting cut from the basketball and soccer teams.

He joined the swim team

It was not until a friend of his in high school, encouraged Joseph to join the swimming team.

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Hollywood To You/Star Max/GC Images
Hollywood To You/Star Max/GC Images

Swimming got Baena into better physical shape and piqued his interest in health and fitness.

Not quite “The Terminator”… yet

Baena already had the natural upper body strength and long arms for swimming success.

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Axelle/Bauer-Griffin/FilmMagic
Axelle/Bauer-Griffin/FilmMagic

He developed a new athletic frame and along with it came his new found confidence.

The future looks bright

Today, Joseph is a successful realtor in the northern California area.

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Paul Archuleta/Getty Images
Paul Archuleta/Getty Images

Joseph is extremely proud of his mother who raised him. Mildred graduated culinary school becoming a chef.