Robert Kiyosaki Net Worth (Money & Salary)
Title: Robert Kiyosaki Net Worth (Money & Salary)
Last Updated: November 27, 2024
What Is Robert Kiyosaki’s Net Worth?
An American investor, businessman, author, motivational speaker, and financial commentator, Robert Kiyosaki boasts a net worth of $100 million. He gained prominence through his book “Rich Dad Poor Dad,” which has since been regarded as a foundational text in personal finance. His career features various entrepreneurial pursuits and a commitment to financial education. Kiyosaki’s philosophy is influenced by two father figures in his life: his biological father, who adhered to traditional educational and job paths, and his friend’s father, who achieved entrepreneurial success and shared valuable financial insights.
The release of his book “Rich Dad Poor Dad” in 1997 marked a pivotal moment, transforming into an international bestseller and launching a series of publications under the “Rich Dad” brand. These works emphasize financial independence, investing, real estate, and the significance of financial literacy, often contesting traditional perceptions of work and income. Kiyosaki’s impact goes beyond authorship; he has engaged in numerous business ventures and educational projects, focusing on practical financial education. Even amidst some controversy and criticism, especially concerning the execution of his “Rich Dad” seminars, Kiyosaki continues to be a significant figure in personal finance and wealth creation.
Early Life
Born as Robert Toru Kiyosaki on April 8, 1947, in Hilo, Hawaii Territory, he is the son of Ralph and Marjorie Kiyosaki, making him a 4th-generation Japanese-American, or “Yonsei.” His father was an educator holding a Ph.D. at his passing in 1991. Kiyosaki later critiqued individuals who pursued Ph.D.s, indirectly pointing to his father’s struggles with poverty and unemployment in his final years. He graduated from high school in 1965.
Following high school, Kiyosaki enrolled in Naval College and later joined the U.S. Marine Corps, inspired by his brother’s enlistment in the Air Force during the Vietnam War. As a helicopter gunship pilot, he served in Vietnam from 1972 to 1973, claiming that this experience as a U.S. Marine instilled in him the character strength necessary to thrive in business.
Post-service in Vietnam, Kiyosaki returned to college in Hilo, Hawaii, where he earned an MBA. He then entered the business arena for the first time as a sales associate at Xerox, a role he held until 1968 when he launched his first venture.
Early Attempts at Entrepreneurship
His initial business involved the sale of nylon/velcro wallets, one of the first of their kind, achieving moderate success before ultimately failing. Kiyosaki’s second venture was a retail business that specialized in selling t-shirts. He acquired licensing rights to create apparel for various rock bands, including hats, wallets, and bags. Unfortunately, this company also went bankrupt, prompting Robert to redirect his efforts toward education by 1980.
Early Educational Businesses
Kiyosaki’s initial entry into the educational sector was with a company named the Accelerated Learning Institute. This was Robert’s first endeavor in business education, alongside promoting social responsibility education. He launched the company in 1985 and (notably) sold it in 1994.
In the mid-1990s, Kiyosaki began building the educational empire that would ultimately lead to his financial success. This journey commenced with the publication of his inaugural book: “If You Want to Be Rich and Happy, Don’t Go to School.” As the title indicates, the book was critical
Instead of promoting college education as a means to achieve success, he urged readers to engage in real estate. By this time, Robert and his second wife were deeply invested in real estate themselves.
A significant turning point arrived in 1997 when Kiyosaki established Cashflow Technologies, Inc. This financial education firm would manage and promote the “Rich Dad” brand, among others. That same year saw the publication of Robert’s most renowned book, “Rich Dad Poor Dad.”
TIMOTHY A. CLARY/AFP via Getty Images
“Rich Dad Poor Dad”
The book has achieved sales exceeding 32 million copies and was initially self-published. After gaining traction, it was embraced by major publishing houses and remained on the “New York Times” Best Sellers list for over six years. The sales were further propelled by mentions on “The Oprah Winfrey Show.” Unquestionably, the book marked the true beginning of Kiyosaki’s career, leading to both fame and financial rewards.
The narrative revolves around two fathers: one who struggles financially and another who builds wealth through smart investments and entrepreneurship. Later, Robert discloses that the “rich dad” is a fictional figure, while the “poor dad” is said to be inspired by his own father. “Rich Dad Poor Dad” imparts numerous financial lessons, particularly those pertaining to real estate and business startups.
Despite its commercial success, the book has faced numerous criticisms. The most apparent concern is the lack of documented evidence supporting the financial success stories Kiyosaki presents. There has been no verification of his claims regarding actual involvement in the financial successes he describes. Additionally, critics argue that the book is too ambiguous and mocks American culture. Robert later asserted that the book aimed to motivate rather than serve as a definitive guide to financial achievement.
Later Books
Following “Rich Dad Poor Dad,” Kiyosaki released numerous other books. Among these is “Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom,” as well as co-authored works with Donald Trump, like “Why We Want You to be Rich: Two Men, One Message.” Recent titles include “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 with over 41 million copies sold globally.
Seminars
Beyond writing, Kiyosaki’s business strategy heavily relies on conducting seminars. These events are mainly led by other professionals using a franchise-like model. While some seminars are offered for free, others can demand hundreds or even tens of thousands of dollars.
Criticism
Over the years, Robert has faced substantial criticism. Many critics argue that his seminars lack genuine, concrete information. Kiyosaki has also engaged in multi-level marketing ventures. Some of his works and seminars have promoted dubious, and at times illegal, suggestions, including insider trading and dropping out of college. Additionally, in 2007, his company encouraged investing in real estate just before the onset of the 2008 economic recession.
Company Bankruptcy
In 2012, Kiyosaki’s company, Rich Global LLC, filed for bankruptcy following multiple class-action lawsuits. Attendees of his seminars accused the company of fraud. Furthermore, the company faced lawsuits due to royalty disputes. The unfavorable court rulings severely impacted the company, leading Kiyosaki to declare bankruptcy. As a result, 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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Data is sourced from 2023 and 2024, with forecast data extending to 2025 and 2026. Projections also include years 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: November 27, 2024
