Robert Kiyosaki’s Net Worth is $100 million. Robert Kiyosaki is a reputed author, businessman, and entrepreneur. He is the author of his self-published book “Rich Dad Poor Dad.” More than 32 million copies of Rich Dad Poor Dad have been sold worldwide which is the main reason behind Robert Kiyosaki’s net worth.
Who Is Robert Kiyosaki?
| Net Worth: | $100 Million |
|---|---|
| Age: | 73 |
| Born: | April 8, 1947, |
| Country of Origin: | the United States of America |
| Source of Wealth: | Entrepreneur |
| Last Updated: | 2021 |
Robert Toru Kiyosaki is a businessman and author from the United States. Kiyosaki is the creator of Rich Global LLC and Rich Dad Organization, a private financial education company that publishes books and videos to teach individuals about personal finance and business.
The company’s major source of income is a franchise of Rich Dad seminars run by independent persons under Kiyosaki’s name for a charge. He is also the designer of the Cashflow board and software games for teaching business and financial topics to adults and children. We’ve put up a list of the Top Best Robert Kiyosaki Quotes in this post.
Early Life Of Robert Kiyosaki
Robert Kiyosaki, often known as a “Yonsei,” is a fourth-generation Japanese American. On April 8th, 1947, Robert Kiyosaki was born to Ralph and Marjorie Kiyosaki. At the time of his death in 1991, his father was a Ph.D. schoolteacher.
Later in life, Robert Kiyosaki mocked individuals who pursued a Ph.D., alluding to and criticizing his father’s poverty and unemployment in his later years. Robert graduated from high school in 1965 after being born and reared in Hilo, Hawaii.
He went to Naval College after high school and finally joined the US Marine Corps when his brother enlisted in the Air Force to serve in Vietnam. He served in Vietnam from 1972 to 1973 as a helicopter gunship pilot. Robert Kiyosaki has remarked that his service as a U.S. Marine provided him with the character fortitude necessary to thrive in business.
Kiyosaki went to college in Hilo, Hawaii, after his Vietnam service. He entered the corporate sector for the first time after receiving his MBA. He worked for Xerox as a sales associate until 1968, when he decided to establish his own company.
Robert Kiyosaki’s Early Business Ventures
Robert Kiyosaki’s first company was selling nylon/velcro wallets. These were among of the first wallets of their sort, and the company had a considerable amount of success. It did, however, ultimately go bankrupt. His second business venture was a t-shirt retailer.
He leased the rights to create hats, wallets, and bags for a variety of rock artists. The firm went insolvent once more. By 1980, Robert Kiyosaki’s emphasis had switched to education.
Robert Kiyosaki’s Breakthrough Success
Sharon Lechter and Kiyosaki co-wrote the original ‘Rich Dad, Poor Dad’ together. Because they were unable to get a publisher, they opted to self-publish the book.
Cashflow Technologies Inc. was the name of the business and financial education firm that he relaunched after a three-year retirement pause. Kim Kiyosaki, his wife, and Sharon Lechter, their co-author, and co-editor share ownership of the firm with him.
On The Alex Jones Show in 2010, he disclosed his wealth, which included large apartment buildings, hotels, and golf courses, among other things. Oil drilling activities, oil wells, and even a nascent solar firm all fall within his purview. The net worth of Robert Kiyosaki is $100 million as of 2022.
Rich Dad Poor Dad
Originally self-published, Rich Dad Poor Dad has sold over 32 million copies. For six years, the book stayed on the New York Times bestseller list after being taken up by major publishers. After Oprah Winfrey recommended the book on her show, sales of the book skyrocketed.
Robert Kiyosaki’s career was unquestionably started by the book, which brought him recognition and fortune.
The story revolves around two dads, one of whom is impoverished while the other has amassed considerable riches via wise financial decisions and entrepreneurial endeavors. Rich Dad is a fictitious character, whereas Poor Dad is supposedly based on Robert Kiyosaki’s real father.
Dad the Billionaire When it comes to money, Poor Dad has a lot to say, especially on real estate and establishing a company. Despite several criticisms, the book was a financial success. Most importantly, none of the financial success stories Kiyosaki discusses have been recorded.
In this book, Kiyosaki claims to have achieved the financial success he describes, but no one has been able to verify this. The work has also been accused of being excessively ambiguous and snarky about American society. It has recently been revealed that Robert Kiyosaki meant the book more as a motivating tool than a roadmap to financial success.
After Rich Dad Poor Dad, Kiyosaki went on to write several additional books. When it comes to personal finance, Rich Dad’s Guide to Financial Freedom and Why We Want You to Be Rich is among the titles he has written in collaboration with Donald Trump. There are almost a dozen books written by Robert Kiyosaki.
Here are some of Robert Kiyosaki’s greatest achievements:
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Rich Global LLC’s CEO and Founder
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Rich Dad Company’s Originator
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In Rich Dad, Poor Dad, there is no such thing as an (Autobiography, 2000)
Robert Kiyosaki Net Worth
A hundred million dollars will be in Robert Kiyosaki’s bank account by the end of 2022. Kiyosaki has modified his business plan to concentrate mostly on seminars in addition to receiving royalties from his book.
Rich Dad’s brand is often associated with these seminars, which are normally led by other specialists. Some of these seminars are free, while others might cost tens of thousands of dollars to attend.
The Most Important Things to Remember:
When it comes to building a successful company, Kiyosaki had to wait until he was 38 years old before he had his first big break. He had been through a lot of setbacks before then, but he never lost up hope. The fear of failure is so great for many individuals that they never begin in the first place.
Fear of failure keeps them from attempting anything new for fear of failing again. Success and failure are not the same things. It’s an integral element of the whole. To start a company, you don’t need any expertise:
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Before co-founding the Excellent Learning Institute, Kiyosaki had never had a profitable company. He may seem to be a con artist to some but look at it this way.
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Professors of finance do not need to be multimillionaires to conduct their jobs.
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Coaches do not need to have participated in the sport themselves before taking on the role of mentor. You don’t have to be an expert to teach people how to accomplish something.
In the end, it’s all about your reputation:
Kiyosaki, on the other hand, has been under a lot of fire in recent years. After a slew of class-action lawsuits, Kiyosaki’s firm filed for bankruptcy in 2012. A class-action lawsuit was filed against his firm by seminar goers who claimed they had been duped.
Insider trading and dropping out of college have been endorsed by several of his publications and seminars. According to Warren Buffet, “It takes 20 years to develop a reputation and five minutes to damage it”. You’ll act differently if you give it some thought.
Summary
Robert Kiyosaki is a well-known author, entrepreneur, and businessman. His self-published book “Rich Dad Poor Dad” has sold more than 32 million copies. As of 2022, Robert Kiyosaki’s net worth is expected to be $100 million. With his wife, Sharon Lechter, he co-wrote the best-selling ‘Rich Dad, Poor Dad.’
Robert Kiyosaki’s Seminars
A business named Whitney Information Network works with Kiyosaki in the US and Canada to provide his seminars, which are then outsourced out to local companies as franchisees in other countries. As a result of these complaints, several of Kiyosaki’s seminar participants have filed lawsuits against him.
Throughout his career, Kiyosaki has written more than 26 books, including the worldwide self-published personal finance guide. There are now 51 languages and over 41 million copies of the Rich Dad Poor Dad books in print throughout the globe. The “get rich fast” ideology that he advocated has been condemned by several for its questionable legality.
A class-action lawsuit has been filed by persons who attended Kiyosaki’s seminars, and two investigative programs have been shown by CBC Canada and WTAE in the United States. Rich Global LLC, Kiyosaki’s firm, went bankrupt in 2012, prompting the author to declare personal bankruptcy.
Criticism On Robert Kiyosaki
As recently as 2007, the Ohio Division of Real Estate and Professional Licensing warned consumers about some of the unlawful tactics that Kiyosaki advocated in his books and seminars.
Scams perpetrated in Canada under the pretense of seminars were the subject of a 2010 exposé by the Canadian Broadcasting Corporation (CBC). The claims of “Rich Dad” seminar organizers’ success were shown to be untrue when they tracked out the claims.
Despite seminar speakers’ claims to the contrary, it was discovered that investments in trailers and trailer parks were nothing more than empty plots of land. Kiyosaki utilized Amway’s multi-level marketing to promote his book from 1990 to 1995. In 2007, he was sued by Sharon Lechter, a co-author, for not adhering to their agreement.
Kiyosaki’s counsel has been criticized since it relies heavily on stories and offers no guidance on how readers should go about their tasks.
Responding to criticism, he clarifies that his books are designed to be inspirational rather than instructional, that “rich dad” was a made-up persona, and that the focus should be on “interesting” content rather than in-depth information.
According to John Reed, a real estate expert, several of Kiyosaki’s publications encourage shady tactics such as insider trading, vulture real estate acquisitions, excessive debt on credit cards, and declaring bankruptcy when plans go bad.
Robert Kiyosaki’s 4 Controversial Money Advice Pieces:
Anyone May Become Wealthy By Properly Managing Their Finances.
As far as why some individuals are wealthy while others can’t buy new shoes, everyone has an opinion. Kiyosaki’s views are radical, to say the least.
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Working for money is what the poor and middle class do." “The wealthy have money working for them,”— Robert Kiyosaki
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Wealthy people develop enterprises to address issues and generate money. Everyone else is constrained by the amount of time they have available to them since they are selling their time for money.
The Best Way To Learn Is Through Doing.
- It is said that “Education is what you learn after leaving school.” He is credited to Robert Kiyosaki.
When it comes to financial success, education is a common subject of conversation. Some refer to Bill Gates and Mark Zuckerberg as examples of exceptional achievers who didn’t need to attend college. Workers without a four-year college degree, much alone a graduate degree, may point to the millions of people earning the federal minimum wage.
Find The Right People To Help You Succeed.
Despite the widely held belief that entrepreneurs are lonesome hard-workers, many entrepreneurs collaborated with others to build their most renowned firms. Elon Musk has always had the best individuals around him to assist him with the deepest portions of his company, much like Google’s co-founders, Steve Jobs and Steve Wozniak.
For beginning investors, real estate is a terrific option.
Kiyosaki is recognized for his passion for real estate. The ideals of the company are extolled to the fullest extent possible by him, stating things like:
Beginners in the business of buying and selling homes sometimes give up and invest in a well-diversified bond portfolio instead. Real estate investments expose you to an aspect of humanity that stock, bond, mutual fund, and save money do not."
There are several hotly debated investing subjects, with real estate at the top of the list. Some, like Robert, view it as a chance to watch your money generate value, while others regard it as a burden.
Take Notes From The Finest, But Don’t Stop Thinking About Things.
What Robert Kiyosaki teaches us is that you should never put your faith in anybody, no matter what they tell you.
It is possible to make a lot of money using methods that are entirely unrelated to the ones described above. You may not succeed if you follow any of these folks. You have to figure out what tactics are most effective for you and your particular set of circumstances.
Robert Kiyosaki is the author of more than 26 books, including Rich Dad Poor Dad, a global self-published personal financial handbook. In 2012, the firm that offers his lectures fell bankrupt, forcing the author to file for personal bankruptcy.
People who attended his lectures filed a class-action lawsuit. According to Robert Kiyosaki, “the rich have money working for them.” Doing is the most effective method to learn.
Robert Kiyosaki’s Books
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Rich Dad Poor Dad – What the Rich Teach Their Kids About Money – That the Poor and Middle Class Do Not! (first published in 1997) Warner Business Books.
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Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom (2000).
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Rich Dad’s Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! (2000).
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The Business School for People Who Like Helping People (March 2001).
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Rich Dad’s Rich Kid, Smart Kid: Giving Your Children a Financial Headstart (2001).
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Rich Dad’s Retire Young, Retire Rich (2002).
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Rich Dad’s Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming… and How You Can Prepare Yourself and Profit from It! (2002). Warner Books.
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Rich Dad’s The Business School: For People Who Like Helping People (2003)
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Rich Dad’s Who Took My Money?: Why Slow Investors Lose and Fast Money Wins! (2004)
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Rich Dad, Poor Dad for Teens: The Secrets About Money – That You Don’t Learn in School! (2004)
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Rich Dad’s Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business (2005)
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Why We Want You to Be Rich: Two Men, One Message (2006) co-written with Donald Trump
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Rich Dad’s Increase Your Financial IQ: Get Smarter with Your Money (2008)
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Rich Dad’s Conspiracy of the Rich: The 8 New Rules of Money (2009).
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The Real Book of Real Estate: Real Experts. Real Stories. Real Life. (2009)
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An Unfair Advantage: The Power of Financial Education (2011).
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Midas Touch: Why Some Entrepreneurs Get Rich And Why Most Don’t (2011), co-written with Donald Trump
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Why ‘A’ Students Work for ‘C’ Students and Why ‘B’ Students Work for the Government: Rich Dad’s Guide to Financial Education for Parents (2013)
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The Business of the 21st Century (2010), co-written with John Fleming and Kim Kiyosaki
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Second Chance: for Your Money, Your Life and Our World (2015)
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8 Lessons in Military Leadership for Entrepreneurs: How Military Values and Experience Can Shape Business and Life (2015)
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Why the Rich Are Getting Richer (2017) ISBN
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FAKE: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle-Class Poorer (2019)
Frequently Asked Questions
People usually ask the following questions.
Is it true that Kiyosaki had two fathers?
Kiyosaki’s biological father, a highly educated college professor, is the “poor dad.” Kiyosaki’s closest friend’s father, a wealthy entrepreneur with dozens of enterprises, is the “rich dad.” On the subject of money, both fathers provide contradictory counsel.
What is Robert Kiyosaki’s source of income?
Kiyosaki is most known for his Rich Dad Poor Dad series of books, but he has amassed eternal fortune via his lifetime adventure of investment, speaking engagements, and real estate. His seminars, which he conducts for those who pay to utilize the Rich Dad brand name for marketing purposes, account for the bulk of his earnings.
Is rich dad a genuine character?
Kiyosaki kept it under wraps, claiming a signed agreement with Rich Dad’s family to keep him unknown. Meanwhile, the popular agreement is that Rich Dad is a wholly made-up figure, a composite of all of Kiyosaki’s life influences, and so Rich Dad was not a real person at all.
What is Kiyosaki’s take on Bitcoin?
In reaction to the frightening increase in inflation, Robert Kiyosaki, author of Rich Dad Poor Dad, has stated that he is purchasing more bitcoin and ether. According to statistics from Bitcoin dot com Markets, when he tweeted about purchasing additional BTC and ETH, the price of bitcoin was about $56,267 and the price of ether was around $4,238.
Why are the wealthy growing wealthier?
The evidence demonstrates that the wealthy do indeed get wealthier, and this is due in major part to increased investment returns. If someone in the lowest quarter of the population had invested $1 in 2004, they would have received an average of $1.5 by 2015. That’s a 50 percent return in 11 years, which isn’t terrible.
Is it worthwhile to read Rich Dad Poor Dad?
If you’re interested in money and what you should and shouldn’t do with it, this is a book to read. But be cautious. The book Rich Dad, Poor Dad isn’t only very well written. In truth, it’s highly repetitious, and most individuals will get the main ideas after reading less than half of the pages available.
Which asset is the safest to own?
Cash, Treasury bonds, money market funds, and gold are all examples of secure assets. Risk-free assets, such as sovereign debt instruments issued by governments of industrialized nations, are the safest investments.
What are the six key takeaways from Rich Dad, Poor Dad?
Lessons from a Rich Father and a Poor Father
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Lesson 1: The wealthy do not work for a living.
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Lesson 2: Why Should Financial Literacy Be Taught?
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Lesson 3: Take care of yourself.
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Lesson 4: The Power of Corporations and the History of Taxes
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Lesson 5: The Wealthy Create Money.
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Lesson 6: Work for the sake of learning, not for the sake of making money.
Robert Kiyosaki is a well-known author, entrepreneur, and businessman. His self-published book “Rich Dad Poor Dad” has sold over 32 million copies worldwide. He’s also the creator of the Cashflow board and software games, which are used to educate business and financial concepts.