You’ve probably have heard of Robert Kiyosaki and quickly associated him with the bestselling “Rich Dad, Poor Dad”.
I personally have read some of his other books and I must say they are quite insightful. They are informative and educational but also attract their fair share of controversy.
But in this review, I will not delve too much into the books that have made him a well known financial guru and, consequently, a fortune that is estimated to be in the millions. I will be focusing on Robert Kiyosaki net worth so stick around to learn more about the man “Robert Kiyosaki” and how he’s made his mark.
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Who is Robert Kiyosaki?
Robert Kiyosaki is a savvy American investor and an acclaimed author with several books under his belt.
Various sources list Robert Kiyosaki’s net worth around $100 million.
He is also behind projects like The Truth About Money, America’s Final Wealth Transfer, The Rich Dad Poor Dad Letter and the Lazy Way To Invest In Real Estate.
Let us dive into his early life before all his fame and fortune.
Robert Kiyosaki’s Early Life
Robert Kiyosaki is an American of Japanese descent and was born on April 8, 1957. He did not come from a wealthy family and was the eldest son of Ralph H. Kiyosaki and Marjorie Kiyosaki. His parents had modest jobs; his father worked as a teacher while his mother worked as a registered nurse.
After a young Kiyosaki attended college and graduated, he attended a naval college called Merchant Marine Academy. He joined the Marines and began working on merchant ships. He was drawn to it because he wanted to travel around the world.
In 1972, he enlisted as a helicopter gunship pilot in the Vietnam war, which later earned him a medal.
His first steps into the business world began when he was employed as a sales associate for a company that sold Xerox machines. After working for several years for the company, he decided to start his own company called “Rippers”.
Kiyosaki’s company sold nylon and Velcro but sadly went under after a short successful stint. He declared bankruptcy for reasons that remain unknown.
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Robert Kiyosaki’s Family
Robert Kiyosaki met and married Kim Meyer in 1984 but divorced amicably in 2017 according to Kiyosaki.
Kim and Robert shared similar views on financial freedom and she was involved in the business he started called “rippers”.
Kim Kiyosaki in Business
Kim Kiyosaki is a co-founder of the Rich Dad Company and runs a financial education company. She is also into real estate investments after being encouraged by his husband Kiyosaki and his friends who had been in several businesses.
Kim is a renowned motivational speaker and an established author just like Robert Kiyosaki. Her most famous books are “Rich woman” and “Its time to shine”. Her target audience is mostly women and she challenges them to become self-reliant and ambitious. In one of her books she says, “When it comes to money, what we women have been taught is to not take care of ourselves, but to depend upon a husband, family member or government for our financial well-being.”
Kim is also credited with the creation of the cashflow board games together with her husband. The aim of these board games was to teach young people about money and investing in an entertaining way. Her life dream is to have many cashflow clubs around the world to give people financial advice that schools don’t teach.
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How Robert built his business empire
Cashflow Technologies
Robert Kiyosaki’s net worth of $100 million is attributed to the many business ventures he owns. Kiyosaki founded a company known as Cashflow technologies jointly with his wife in 1997 and it was a success. Cashflow technologies operates the Rich dad brand and other businesses. Robert Kiyosaki founded cashflow technologies trademark to market his Rich dad, Poor dad book and board games.
Kiyosaki’s other business ventures include a private financial education company, franchises, real estate, and stocks, just to mention a few.
Books and Business Classes
Kiyosaki’s main earnings come from his books, business classes, and seminars. He charges as much as $45,000 to attend one of his classes and sometimes the cheapest class goes for $495.
Its fair to say that some of his business and financial concepts are unorthodox. His methods have been causing a stir and eliciting different reactions from his audience. For instance, in one of his books titled “If You Want To Be Rich and Happy, Don’t Go To School” he encourages parents to avoid sending children to school. His main reason to support this idea is that he thinks that schools are failing children because they do not teach about taxes, how to save m0ney, how to start investing etc.
Robert Kiyosaki markets the rich dad brand name via rich dad seminars, business education forums, a heavy social media presence, podcast, and other avenues.
As a motivational speaker, he has appeared in talk shows like the Oprah Winfrey show, co-authored a book with Donald Trump, and even supported Donald Trump in his presidential election bid.
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Rich dad, Poor Dad
Robert Kiyosaki published the first book of his smash hit series “Rich dad Poor dad” in 1997. He co-authored the book with Sharon Lecher, who is also an accomplished businesswoman, author and runs a business education company, Pay Your Family First. By 2000, the book had already broken records and became a best-seller according to the New York Times.
He often says that the book is non-fictional and is about his friend’s father who he refers to as “Rich dad” and his own father, Ralph H. Kiyosaki, the “Poor Dad”. The rich dad, who in this case remained anonymous until recently due to a non-disclosure agreement, had invested in the hotel industry. A young Robert Kiyosaki was impressed by his accomplishments and his outlook influenced him and made him the man he is today.
The book has a few revolutionary ideas notably the cashflow quadrant concept. This concept is subdivided into 4 levels:
- Level 1- Employee
- Level 2- Self-employed
- Level 3- Business owner
- Level 4- Investor
In levels 1 and 2, he generally talks about how many people prefer the regular 9-5 day jobs because they are less risky and predictable. This book aims to encourage these kinds of people to transition from levels 1 and 2 to levels 3 and 4 if they want to become millionaires.
In terms of money, people on levels 1 and 2 trade their time and effort for money whereas on levels 3 and 4, people make money work for them. Kiyosaki published this book to instill in ordinary people the financial intelligence rich people possess.
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Robert Kiyosaki controversies
Robert Kiyosaki’s journey to financial success has not been flawless and he is no stranger to controversy. In October 2012, Robert Kiyosaki was in the headlines for all the wrong reasons after declaring bankruptcy of his company, Rich Global LLC. According to the Wall Street Journal, Kiyosaki was diverting money from the company into other business ventures. He allegedly did this to avoid paying taxes. Although his company was insolvent, his personal finance was untouched when he filed for corporate bankruptcy, a loophole that many rich people use.
He was also involved in a trailer park investment scandal where it was discovered that he did not own any parks after all.
His anti-school campaign has also rubbed people the wrong way because they claim he encourages people to drop out of school when they have no concrete plans.
Robert Kiyosaki has also been accused of insider trading.
Robert Kiyosaki has also been called out for encouraging people to take more debt on credit, which is considered a bad idea by a large swath of personal financial experts.
In recent times Kiyosaki has been a big advocate for crypto currency sharing similar opinions to the likes of Jim Rickards. You can also learn more about crypto in our Crypto Cashflow review.
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Robert Kiyosaki Conclusion
Despite suffering setbacks in his, Robert Kiyosaki’s career has been impressive thus showing us anybody can start his or her own business regardless of their financial background. It’s all about your mindset and taking life lessons from your failures.
According to the rich dad’s guide, you need to identify your unique ability or skill and turn it into a source of income. This is the best route to financial independence the way Robert Kiyosaki sees it.
Robert Kiyosaki’s net worth is a reflection of how you can make money work for you and the benefits of running your own business.
Before you leave
If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.
It’s helped me earn over $300,000 in the last 12 months alone:
Go here to see my no.1 recommendation for making money online
(This is a 100% free training)
David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.