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Robert Kiyosaki Net Worth

Robert Kiyosaki net worth 2023: Robert Toru Kiyosaki  is an American businessman and author.  Kiyosaki is the founder of Rich Global LLC and the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos.

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Robert Kiyosaki Net Worth

Net worth$100 million
Date of birthApril 8, 1947
OccupationBusinessman and Author
NationalityAmerican

Robert Kiyosaki Net Worth

As of 2023, Robert Kiyosaki net worth is $80 million. The book entitled “Rich Father, Poor Father” is a bestseller, and its author is none other than Robert Kiyosaki. The book is so famous because it reflects Robert Kiyosaki’s unique view of money and the right way to make a lot of it.

Robert Kiyosaki net worth
Robert Kiyosaki Net Worth

 The company’s main revenues come from franchisees of the Rich Dad seminars that are conducted by independent individuals using Kiyosaki’s brand name for a fee.  He is also the creator of the Cashflow board and software games to educate adults and children about business and financial concepts

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Kiyosaki is the author of more than 26 books, including the international self-published personal finance Rich Dad Poor Dad series of books which has been translated into 51 languages and sold over 41 million copies worldwide. He has been criticized for advocating practices of debatable legality perceived as “get rich quick” philosophy.  Kiyosaki is the subject of a class action suit filed by people who attended his seminars and has been the subject of two investigative documentaries by CBC Canada and WTAE USA. Kiyosaki’s company, Rich Global LLC, filed for bankruptcy in 2012.

Robert Kiyosaki net worth is $80 million

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Early life and family

Robert Toru Kiyosaki was born in 1947 in Hilo, then in the Territory of Hawaii. A part of the Yonsei generation of Japanese Americans, he was the eldest son of Ralph H. Kiyosaki (1919–1991), an academic educator, and Marjorie O. Kiyosaki (1921–1971), a registered nurse. 

Kiyosaki attended Hilo High School and graduated in 1965. Thereafter, most information on Kiyosaki comes from speeches and talks he has made of his life. Per Kiyosaki, he received congressional nominations from Senator Daniel K. Inouye for the U.S. Naval Academy and the U.S. Merchant Marine Academy. He attended the United States Merchant Marine Academy in New York and graduated in 1969 as a deck officer with a Bachelor of Science degree and a commission as a 2nd Lt. in the U.S. Marine Corps.

 After graduating from college, Kiyosaki took a job with Standard Oil’s tanker office as a third mate. Kiyosaki resigned after six months to join the Marine Corps, serving as a helicopter gunship pilot during the Vietnam War in 1972, where he was awarded an Air Medal.

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Per Kiyosaki, he enrolled in a two-year MBA program at the University of Hawaii at Hilo in 1973 while he still was in the military. He was honorably discharged from the Marine Corps in June 1974.

Robert Kiyosaki net worth is $80 million

Career

In 1974, Kiyosaki attended the Erhard EST seminars, which he says changed his life.

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In 1977, he started a company called “Rippers”. The company brought to market the first nylon and velcro surfer wallets. Kiyosaki and his products were featured in Runner’s WorldGentleman’s QuarterlySuccess MagazineNewsweek, and Playboy. The company eventually went bankrupt.

Kiyosaki took a job as a sales associate for Xerox until June 1978.

Kiyosaki then started a retail business that made T-shirts, hats, wallets, and bags for heavy metal rock bands. The company went bankrupt in 1980.

In 1985, Kiyosaki cofounded the Excellerated Learning Institute, a business education company teaching entrepreneurship, investing, and social responsibility.

 Around this time, he married his second wife, Kim, who had already invested in some real estate in Phoenix. In 1994, Kiyosaki sold the education company.

In 1992, Kiyosaki published his first book, If You Want to Be Rich and Happy, Don’t Go To School. In his book, he encouraged parents not to send their children to college and instead to enter the real estate business.

In 1997, Kiyosaki launched Cashflow Technologies, Inc., a business and financial education company that owns and operates the Rich Dad and Cashflow brands.

 Kiyosaki partnered with Amway to promote his book. As per an interview with Forbes, Kiyosaki’s main earnings come through franchisees of the Rich Dad seminars

Robert Kiyosaki net worth is $80 million

 Business ventures and Investments

Kiyosaki’s earlier two businesses for surfing bags with Velcro fasteners and T-shirts went bankrupt. In an interview with CBC, Kiyosaki described his books as an advertisement for his higher-priced seminars. In 2012, Kiyosaki’s company “Rich Global LLC” filed for bankruptcy and was ordered to pay nearly $24 million to the Learning Annex and its founder. He operates other external business ventures and investments.

More on Robert Kiyosaki Net Worth

Kiyosaki operates through a number of companies that he owns fully or in part, and through franchisee arrangements with other companies authorized to use his name for a fee. This includes Rich Dad LLC, Whitney Information Network, Rich Dad Education and Rich Dad Academy.

 In addition to publishing several books on business and financial advice, Kiyosaki also wrote the foreword to Tom Wheelwright’s 2012 book Tax-Free Wealth.

Kiyosaki’s financial and business teachings focus on what he calls “financial education”: generating passive income by focusing on business and investment opportunities, such as real estate investments, businesses, stocks and commodities, with the goal of being able to support oneself by such investments alone and thus achieving true financial independence. He has a series of authors and other “experts” that he often cites as “Rich Dad Advisors” on real estate investing, financial planning, and avoiding taxes.

Kiyosaki uses the term “assets” for things that put money in one’s pocket.

He states that assets generate cash inflow, such as stock dividends, rental income from properties, or income from businesses.

He defines “liabilities” as things that devour cash out of one’s pocket, such as one’s personal residence, consumer loans, car loans, credit card payments, and student loans. Kiyosaki argues that financial leverage is crucial in becoming rich despite the risks from utilizing leverage to achieve financial independence.

He stresses the importance of building up an asset first to fund one’s liabilities instead of saving cash or relying on a salary from a traditional job

Robert Kiyosaki net worth is $80 million

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