Robert Kiyosaki Net Worth

Ever pondered upon the net worth of Robert Kiyosaki? Well, this versatile individual has excelled as an investor, entrepreneur, writer, and inspirational speaker, accumulating a remarkable wealth in the process.

Kiyosaki has achieved enduring wealth by embarking on a lifelong journey of investment, speaking engagements, and real estate, earning him recognition primarily for his highly acclaimed series of books titled “Rich Dad Poor Dad.”

The majority of his income is derived from seminars organized by individuals who pay to utilize the Rich Dad brand name as a marketing strategy.

In May 2023, Robert Kiyosaki’s net worth stands at $100 million. This article will delve into the factors contributing to his remarkable financial success.

Early Life

On April 8th, 1947, in Hilo, Hawaii, Ralph and Marjorie Kiyosaki welcomed their son, Robert Toru Kiyosaki, into the world. Thanks to his father’s profession as a Ph.D. professor and instructor, young Kiyosaki had the opportunity to receive an education from esteemed institutions.

The Marines

In 1965, upon completing high school, he enrolled in Naval College. Subsequently, he enlisted in the U.S. Marine Corps and pursued a career as a helicopter gunship pilot, serving in Vietnam between 1972 and 1973.

According to Kiyosaki, his experience in the U.S. Marine Corps equipped him with the necessary determination to thrive in the realm of business.

Following his service in Vietnam, Kiyosaki pursued higher education in Hilo, Hawaii, where he obtained his MBA degree. Upon completing his studies, he joined Xerox as a sales associate until 1978, at which point he ventured into entrepreneurship by establishing his own business.

Robert Kiyosaki’s Failed Business Attempts

The initial venture of Robert Kiyosaki, known as Rippers, involved the sale of wallets made from nylon and velcro materials.

Runner’s World, Success Magazine, Newsweek, and Playboy showcased these pioneering wallets as some of the earliest of their kind.

However, ultimately, the company filed for bankruptcy.

For his second try, he ventured into selling merchandise such as t-shirts, wallets, and hats featuring Rock Bands. Unfortunately, the company faced bankruptcy once more.

Following the two unsuccessful attempts, Kiyosaki redirected his attention towards education.

First Taste of Success: Financial Education Company

Robert Kiyosaki experienced his first taste of success in 1985 with the co-founding of the Excellerated Learning Institute. This business education company focused on teaching entrepreneurship, investing, and social responsibility.

Kiyosaki’s initial triumph came with this particular company, which enabled him to venture into the real estate market. Eventually, in 1994, he decided to sell the company.

After achieving success in his business endeavors, Kiyosaki capitalized on it by publishing his inaugural book titled: “If You Desire Wealth and Happiness, Avoid Formal Education.”

The book expressed criticism towards college education, arguing that it did not guarantee success. In contrast, Kiyosaki advocated for readers to engage in real estate investment as an alternative path to prosperity.

Nevertheless, the pivotal moment arrived when Kiyosaki established Cashflow Technologies, Inc. in 1997, marking a turning point. This venture served as the exclusive financial education company responsible for overseeing the renowned Rich Dad brand.

In the same year, Kiyosaki released his most renowned book, “Rich Dad Poor Dad.”

Rich Dad Brand

With more than 32 million copies sold, Rich Dad Poor Dad has secured its place as one of the top-selling business books of all time.

For over six years, the book held a spot on the prestigious New York Times Best Sellers list and received a special mention on the renowned Oprah Winfrey Show.

There is no doubt that the book propelled Robert Kiyosaki’s career to great heights, earning him both fame and financial prosperity.

In the book “Rich Dad Poor Dad,” Kiyosaki emphasizes the contrasting teachings he received about money from his two paternal figures. The “rich dad” refers to his best friend’s father, whereas the “poor dad” refers to his biological father.

Robert explains the contrasting perspectives he and others held towards money and personal finance, illustrating how these differing viewpoints ultimately influenced the trajectory of their careers and lives.

For a comprehensive book review, feel free to visit our post here, accompanied by a video review.

Despite facing criticism, the book achieved significant success, enabling the author to publish additional works such as “Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom.”

Furthermore, this collaboration enabled him to become a co-author alongside Donald Trump in the book titled “Why We Want You to be Rich: Two Men, One Message.”

Cashflow Technologies, Inc.

Cashflow Technologies, Inc. is another company owned by Robert Kiyosaki, alongside the Rich Dad company.

This company is the creator of the popular board game called “Cashflow” as well as a range of other games and educational resources aimed at teaching individuals about financial literacy and investing.

The Cashflow Game

The Cashflow game, developed by Rich Global LLC, is a board game that replicates real-world financial situations. Participants are challenged to escape the “rat race” and attain financial independence.

In the game, participants have the freedom to select their occupation as either an employee, self-employed individual, business owner, or investor. The main objective is to accumulate the highest amount of cash and assets by the end of the game, all the while avoiding the unfortunate state of bankruptcy.

The purpose of the game is to educate players on investing, financial literacy, and strategies for escaping the “rat race.”

The game has gained popularity among adults and was even showcased on The Oprah Winfrey Show.

According to Robert Kiyosaki, the Cashflow game draws inspiration from his personal financial journey and is designed to be both educational and entertaining.

Lawsuit with Hasbro

Hasbro, the creator of Monopoly, filed a lawsuit against Cashflow Technologies, Inc. in 2009, alleging copyright infringement.

The Cashflow game was accused in a lawsuit of being excessively similar to Monopoly, but ultimately, the legal dispute was resolved outside of the courtroom.

The purpose of Rich Dad’s games and educational materials is to impart knowledge about business and financial concepts.

Social Media Presence

In addition to being highly engaged in social media, Robert Kiyosaki maintains an impressive Twitter following of over 2.5 million individuals. His tweets predominantly revolve around subjects such as business, investing, and providing valuable financial advice.

In addition, he possesses a YouTube channel boasting an impressive subscriber count of 2,000,000. On this platform, he regularly shares captivating videos covering various topics such as business, investing, and personal finance.

Furthermore, Kiyosaki possesses his very own website and blog.

Robert Kiyosaki Net Worth Growth

Robert Kiyosaki Net Worth 2023

As of May 2023, Robert Kiyosaki has accumulated a net worth of $100 million.

Kiyosaki has not only been receiving royalties from his book but has also transitioned his business model to primarily concentrate on seminars.

Seminars conducted under the Rich Dad brand are typically led by other experts. These seminars vary in price, from being free of charge to occasionally costing thousands of dollars.

Personal Life

Kiyosaki and Kim Kiyosaki tied the knot in 1994. They have since welcomed two children and presently call Scottsdale, Arizona their home.

In addition to being a businesswoman, Kim is an accomplished author. Collaborating with her husband, she has contributed to the creation of numerous books, among them the notable “Rich Woman: A Book on Investing for Women.”

Apart from being involved in businesses and writing, Robert Kiyosaki is an avid investor who expresses a particular interest in gold, silver, and real estate.

Additionally, Kiyosaki has actively participated in various philanthropic endeavors. He wholeheartedly supports the National Education Association and has generously contributed to the Make-A-Wish Foundation.

Real Estate

Robert Kiyosaki earned a handsome profit in June 2022 when he sold his oceanfront residence located on the picturesque Gold Coast of Oahu.

The property was purchased for $2.75 million and later sold for $7.35 million!

The residence boasts a separate jacuzzi and custom-renovated elements like sturdy Merbau hardwood and elegant Travertine floors.

Frequently Asked Questions (FAQs)

Key Takeaways

After discovering Robert Kiyosaki’s net worth and the strategies he employed to accumulate it, let us now examine the significant lessons we can glean from his remarkable journey.

Failure Is Not the Opposite of Success, It’s Part of It

It wasn’t until Kiyosaki reached the age of 38 that he finally experienced his first taste of business success. Despite enduring numerous failures beforehand, he never allowed himself to be defeated and persevered relentlessly.

Numerous individuals are gripped by the fear of failure, causing them to never initiate action. They hold the belief that failure would permanently hinder their chances of achieving success. However, it is important to understand that failure is not the antithesis of success; rather, it is an integral component of it.

You Don’t Have to Be an Expert to Start a Business

Prior to co-founding the Excellerated Learning Institute, Kiyosaki had never experienced business success.

Looking at it from a different perspective, some individuals might perceive him as a scam artist.

There is no requirement for finance professors to be millionaires.

Playing the sport is not a prerequisite for being a coach. The fact that you haven’t personally engaged in something doesn’t imply your inability to instruct others in how to do it.

Your Reputation Is Everything

Over the years, Kiyosaki has faced significant backlash and in 2012, his company declared bankruptcy following a succession of class-action lawsuits.

Attendees of his seminars, who believed they had fallen victim to a scam, filed a lawsuit against his company.

Warren Buffet eloquently expressed the significance of reputation, emphasizing its fragility in comparison to the lengthy process of establishing it. Certain publications and workshops offered by this individual have promoted controversial practices like insider trading or abandoning higher education.