Both stars are clients of power investment adviser Paul Wachter.
Arnold Schwarzenegger has bought into the booze business.
Page Six has exclusively learned that the 73-year-old movie star and former California “Governator” has joined NBA star LeBron James and invested in new tequila and mezcal brand, Lobos 1707.
Both stars are clients of power investment adviser Paul Wachter, and have invested in other companies together before.
“Paul’s been working with LeBron since he was a teenager, and Arnold is his client and a few others are investors,” an insider said. Former Diddy protégée Dia Simms is the company’s CEO.
An insider told Page Six that James invested in the brand, along with his business partner Maverick Carter, because of its mission to include diverse leadership.