Robert Kiyosaki Net Worth (Money & Salary)
Title: Robert Kiyosaki Net Worth (Money & Salary)
Last Updated: December 5, 2024
What Is Robert Kiyosaki’s Net Worth?
A net worth of $100 million is attributed to Robert Kiyosaki, an American investor, businessman, author, motivational speaker, and financial commentator. He gained fame primarily due to his book “Rich Dad Poor Dad,” which is often regarded as a groundbreaking work in personal finance. His journey includes various entrepreneurial endeavors and a deep commitment to financial education. Kiyosaki’s philosophy is influenced by his encounters with two father figures: his biological father, who adhered to traditional academic and job roles, and his friend’s father, an entrepreneur who offered significant financial wisdom.
His 1997 release of “Rich Dad Poor Dad” became an international bestseller and initiated a series of publications under the “Rich Dad” brand. These writings emphasize financial independence, investing, real estate, and the necessity of financial literacy, frequently challenging mainstream ideas regarding employment and income. Kiyosaki’s contributions extend beyond authorship; he has engaged in multiple business projects and educational programs, focusing on practical financial learning. Despite facing some controversy and backlash, especially regarding his “Rich Dad” seminars, Kiyosaki remains a key figure in personal finance and wealth-building.
Early Life
Born as Robert Toru Kiyosaki on April 8, 1947, in Hilo, Territory of Hawaii, Robert is the son of Ralph and Marjorie Kiyosaki and is a 4th-generation Japanese-American, also known as a “Yonsei.” At the time of his death in 1991, his father was an educator with a Ph.D. Robert has later criticized those who pursued similar academic achievements, indirectly calling out his father for his struggles with poverty and unemployment in his later years. He completed high school in 1965.
Following high school, Kiyosaki enrolled in Naval College and subsequently joined the U.S. Marine Corps after his brother enlisted in the Air Force for the Vietnam War. As a helicopter gunship pilot, he served in Vietnam from 1972 to 1973. Robert has noted that his experience as a Marine instilled in him the resilience necessary for success in the business realm.
Upon returning from Vietnam, Kiyosaki attended college in Hilo, Hawaii. After obtaining an MBA, he made his initial steps into the business sector, working as a sales associate at Xerox until 1968 when he launched his first business venture.
Early Attempts at Entrepreneurship
Robert’s initial business involved selling nylon/velcro wallets, which were among the first of their type and found moderate success but ultimately ended in bankruptcy. His second endeavor was a retail operation focused on t-shirt sales, where he secured licensing rights to produce apparel for various rock bands, including hats, wallets, and bags. This venture also led to bankruptcy. By 1980, Robert redirected his attention toward education.
Early Educational Businesses
Kiyosaki’s entry into the educational sector began with the creation of the Accelerated Learning Institute. This marked Robert’s first attempt at business education, which also focused on promoting social responsibility among students. He founded the company in 1985 and sold it in 1994.
In the mid-1990s, Kiyosaki began establishing the educational empire that would subsequently contribute to his wealth. This journey commenced with the publication of his debut book: “If You Want to Be Rich and Happy, Don’t Go to School.” As indicated by the title, the book took a critical stance on traditional educational paths.
Encouraging readers to engage in real estate instead of viewing college education as the sole route to success was a significant step, especially since Robert and his second wife were deeply embedded in the real estate market at that time.
A pivotal moment occurred in 1997 when Kiyosaki established Cashflow Technologies, Inc., the financial education company responsible for managing the “Rich Dad” brand along with other entities. That same year, Robert released his most renowned book, “Rich Dad Poor Dad.”
TIMOTHY A. CLARY/AFP via Getty Images
“Rich Dad Poor Dad”
Having sold over 32 million copies, the book started as a self-published work. It gained traction and was later taken up by major publishing houses, maintaining a spot on the “New York Times” Best Sellers list for more than six years. Sales received a significant boost after the book was featured on “The Oprah Winfrey Show.” Undoubtedly, this book marked the true beginning of Kiyosaki’s rise to fame and financial prosperity.
The narrative revolves around two fathers: one impoverished and the other enriched through savvy investments and entrepreneurship. Ultimately, Robert discloses that the “rich dad” is a fictional construct, whereas the “poor dad” draws inspiration from his biological father. “Rich Dad Poor Dad” imparts various financial principles, particularly in real estate and entrepreneurship.
While commercially successful, the book has faced criticism on several fronts. The primary concern is the lack of documented evidence supporting Kiyosaki’s financial success stories. Many have been unable to validate his claims of wealth as discussed in the book. Additionally, critics argue that the book lacks specificity and mocks American culture. Kiyosaki has clarified that his aim was not to provide a financial roadmap but to serve as a motivational resource.
Later Books
Following “Rich Dad Poor Dad,” Kiyosaki authored numerous other titles. These include “Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom” and co-authored works with Donald Trump like “Why We Want You to be Rich: Two Men, One Message.” His recent publications encompass “Who Stole My Pension?: How You Can Stop The Looting” (2020), “Capitalist Manifesto: Money for Nothing – Gold, Silver, and Bitcoin For Free” (2022), and “Ravens: How To Prepare For And Profit From The Turbulent Times Ahead” (2023). Overall, Kiyosaki has written 26 books that collectively sold over 41 million copies globally.
Seminars
Aside from writing, Kiyosaki’s business strategy is centered around seminars. Typically, these sessions are led by various experts under a franchise model. Attendance fees vary, with some seminars being free while others may cost hundreds or even thousands of dollars.
Criticism
Kiyosaki has faced significant backlash throughout his career. A common criticism is that his seminars lack substantial and actionable information. Additionally, he has been connected to multi-level marketing schemes. His books and seminars have been called out for suggesting dubious or potentially illegal actions, including insider trading and advising students to drop out of college. Notably, in 2007, his company promoted real estate investments right before the 2008 economic downturn.
Company Bankruptcy
In 2012, Kiyosaki’s company, Rich Global LLC, filed for bankruptcy following a series of class-action lawsuits. Attendees of his seminars sued, alleging they were defrauded. Royalty disputes further complicated matters, leading to a court ruling that placed the company in a precarious position, ultimately prompting Kiyosaki to opt for bankruptcy. He was ordered to pay nearly $24 million to The Learning Annex and its founder.
Robert Kiyosaki Net Worth (Money & Salary)
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The information reflects data from 2023 and 2024, with projections extending to 2025 and 2026, including forecasts for 2027 and 2028.
* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
Post Title: Robert Kiyosaki Net Worth (Money & Salary)
Last Updated: December 5, 2024
