Discover Robert Kiyosaki Net Worth, Investments, and Complete Biography

Robert Kiyosaki Biography

Early Life of Robert Kiyosaki

The Japanese-American businessman, Robert Kiyosaki, was born on April 8, 1947. He was raised in the small town of Hilo in Hawaii in an educator’s family. Robert Kiyosaki has referred to his biological father, Ralph H. Kiyosaki, as “Poor Dad” in his famous book, “Rich Dad Poor Dad.”

Robert moved to New York for the graduation at Kings Point Merchant Marine Academy. After his graduation, he got the opportunity to serve in the Vietnam War as a helicopter gunship pilot. Later in his life, he joined the MBA but dropped out after six months when he found the instructor had no practical experience.

Robert was deeply inspired by the famous American architect R. Buckminster Fuller and his philosophies and vision towards finance. During 1981, he jumped in, when he got the opportunity to meet and study with Fuller. Robert’s one week with Fuller changed his outlook on finance and wealth.

How Did Robert Kiyosaki Start His Business Career?

Robert started as a salesperson at Xerox Corporation till 1978. Before that, he began one of his initial companies, “Rippers,” back in 1978 but eventually faced the harsh times of bankruptcy.

After spending enough time in multiple ventures and understanding financial philosophy, he wrote his first book in 1993, titled “If You Want to Be Rich and Happy, Don’t Go To School.” This event initiated his career as a financial educator and public speaker.

In 1996, Robert, along with his wife, Kim Kiyosaki, launched their first joint venture in the form of the board game – CASHFLOW, which teaches people about money and investment. Robert and Kim came up with this idea because they believe it is a fun and interesting way to teach people about finance. In the next year, 1997, Robert took a step that changed his life forever: he published his book, ‘Rich Dad Poor Dad,’ and founded The Rich Dad Co.

Robert has involvement in numerous other business ventures, which are running under franchise agreements and use his brand name, Rich Dad, for a compensation fee. Robert also operates the Rich Dad seminar to provide financial education to the viewers.

Robert Kiyosaki Quotes & Books

Robert Kiyosaki has written 27 books, most of which are in the bestselling category. His books have been translated into 50 languages, and millions of copies have been sold worldwide. Some of his famous books include Capitalist Manifesto, Rich Dad Poor Dad for Teens, Rich Dad’s Guide to Investing: What the Rich Invest in, That the Poor and Middle Class Do Not!, etc.

In 1997, he, along with Sharon Lechter, wrote his most influential book, Rich Dad Poor Dad, which was listed in the New York Times as one of the bestselling books for almost a decade. One of the famous lines Robert quoted in this book is, “The primary difference between a rich person and poor person is how they manage fear.” Rich people are never afraid of taking calculated risks, but poor people would rather avoid them.

Robert also taught people about how to invest and where to invest; he always suggested the approach people should have towards assets. He once wrote, “Knowing your exit strategy is an important investment fundamental.” Because you choose the best asset to invest in but if you do not exit the market at the right time, your investment goes in vain.

Robert Kiyosaki Net Worth & Investments

While there is no definitive news about his actual net worth, Robert Toru Kiyosaki’s estimated net worth is around 100 million US dollars. Kiyosaki strongly believes that cryptocurrency can offer a more transparent and safe form of money than traditional financial systems. He currently has 66 Bitcoins that he thinks are enough to make him a fortune.

Kiyosaki has a Ferrari and a Rolls-Royce to his name, which he claims are his liabilities. On top of that, he owns around 15000 rental apartments, and he earns at least 20 million US dollars per month from these apartments.

Kiyosaki’s major income does not come from rents but from royalties from the books that he has written and published. ‘Rich Dad, Poor Dad’ is undoubtedly his best literary investment, with over 40 million copies sold worldwide. His other sources of income are seminar earnings and licensing rights.

Robert Kiyosaki also admitted that he has around $1.2 billion dollars in debt. He mentioned several times in his interviews and seminars about how you can use debt to become rich. That’s exactly what Robert is doing and why he is a billionaire in debt.

Personal Life and Criticism of Robert Kiyosaki

In 1986, Robert married his life and business partner, Kim. His wife played a significant role in building the Rich Dad company as part of the team. The couple chose not to have children, deciding to remain more focused on spreading education through their company.

Robert showed a unique outlook towards politics when he endorsed former American President Donald Trump during the election. Robert has his reasons for this choice; he believes Mr. Trump has fantastic international business experience and the ability to create jobs.

Robert and his company have, time and again, faced criticism for their books and seminars. His famous books receive criticism and claims of mere anecdotes with zero useful advice. Many broadcasting corporations and news channels cover the seminars conducted by Rich Dad and expose them as scams.

When Canadian broadcasting corporations investigate, they find that the success claims made by the “Rich Dad” company are false. However, the truth is unknown because Robert is a millionaire and the fact that his company is not a success is unbelievable.