Schwarzenegger is considered among the most important figures in the history of bodybuilding,[9] and his legacy is commemorated in the Arnold Classic annual bodybuilding competition. He has remained a prominent face in bodybuilding long after his retirement, in part because of his ownership of gyms and fitness magazines. He has presided over numerous contests and awards shows.
During Schwarzenegger's early years in bodybuilding, he also competed in several Olympic weightlifting and powerlifting contests. Schwarzenegger's first professional competition was in 1963[52] and he won two weightlifting contests in 1964 and 1965, as well as two powerlifting contests in 1966 and 1968.[4] In 1967, Schwarzenegger won the Munich stone-lifting contest, in which a stone weighing 508 German pounds (254 kg / 560 lb) is lifted between the legs while standing on two footrests.
Schwarzenegger's goal was to become the greatest bodybuilder in the world, which meant becoming Mr. Olympia.[17][32] His first attempt was in 1969, when he lost to three-time champion Sergio Oliva. However, Schwarzenegger came back in 1970 and won the competition, making him the youngest ever Mr. Olympia at the age of 23, a record he still holds to this day. He continued his winning streak in the 1971–1974 competitions. He also toured different countries selling vitamins, as in Helsinki, Finland in 1972, when he lived at the YMCA Hotel Hospiz (nowadays Hotel Arthur) on Vuorikatu and presented vitamin pills at the Stockmann shopping center. In 1975, Schwarzenegger was once again in top form, and won the title for the sixth consecutive time, beating Franco Columbu. After the 1975 Mr. Olympia contest, Schwarzenegger announced his retirement from professional bodybuilding.