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Many people’s perspectives on money and success have been shifted thanks to best-selling author Robert Kiyosaki. He stated emphatically that the reason so many individuals today are having trouble making ends meet despite their high levels of education and training is that they just do not understand money.
He has worked as an entrepreneur, investor, author, and public speaker, among other roles. Since the release of his book on personal finance entitled “Rich Dad, Poor Dad,” he has become a well-known figure. Throughout the book, he draws parallels between his father and the fictional father, who also did not complete high school but became the wealthiest person in Hawaii.
This current industry powerhouse has modest beginnings. The billionaire who rose from little to teach others how he did it had a very different upbringing. But rather than giving up, he decided to help others learn to manage their finances better by instructing them.
Robert Kiyosaki Net Worth
U.S.-based Robert Kiyosaki has amassed a net worth of $100 million as an investor, entrepreneur, author, motivational speaker, and financial critic. With his best-selling book Rich Dad Poor Dad, Robert Kiyosaki established himself as an authority in the fields of self-help and life coaching, particularly in the area of financial guidance, and became a household name as a result. His monthly income is between $1.5 and $2 million. The bulk of his money comes from others paying to use the Rich Dad brand to hold their seminars.
Early Life of Robert Kiyosaki
Ralph H. Kiyosaki’s son Robert was born in Hilo, Hawaii. His family history included Japanese Americans. Kiyosaki’s father was an educator, so he had the opportunity to attend top-tier institutions. His journey to becoming a licensed deck officer began in 1969 after he graduated from Hilo High School and enrolled at the United States Merchant Marine Academy in New York.
Professional Life of Robert Kiyosaki
After he finished school, he was able to find jobs aboard commercial ships and travel the world. His travels exposed him to many cuisines, cultures, and lifestyles. Furthermore, he witnessed the depths to which poverty may push people. His adventures had a major impact on his life.
He joined the Marines in 1972 and flew helicopter gunships in the Vietnam War. The Air Medal was presented to him in recognition of his service. It took him two years after joining the Marines before he finally chose to get out. However, he ultimately decided to make New York his permanent home rather than return to Hawaii.
He sold photocopiers for Xerox Corporation between 1974 and 1978. Meanwhile, in 1977 he had saved up enough money to launch his own business, where he sold the first nylon and Velcro “surfing” wallets.
To maintain cheap pricing, he compromised on the quality of the wallets, which eventually led to declining sales and a financial crisis for the company. Given this, filing for bankruptcy was a foregone conclusion. At the beginning of the 1980s, he launched a company to manage license agreements for products featuring popular heavy metal acts like Motley Crue.
It enjoyed early success, but as more melodic music genres gained mainstream, demand for the company’s heavy metal bands began to fall. In 1985, the firm was declared insolvent. While the second enterprise was doing well, he invested some of the proceeds in the stock market, real estate, and other ventures.
He lost more money as time went on because of rising bank fees and a failing business. He was forced to suffer the same fate as his oppressors by living on the streets and being hungry. While he was down and out, he decided to help others by sharing his knowledge about how to avoid bankruptcy and achieve financial success.
Although his background and current lifestyle were counterproductive to his chosen profession, he nonetheless decided to start instructing others on how to avoid financial hardship and poor choices. He and another graduate, DC Cordova, have taken jobs as motivational speakers for the company Money and You.
The three-day lecture was designed primarily to introduce students to Buckminster Fuller‘s works. The company’s success allowed it to expand beyond its North American roots and set up shops in both Australia and New Zealand. In addition to receiving widespread recognition, his business was also commercially successful, allowing him to build a fortune in the millions.
However, he did not stay with the show for very long, and in 1994 he retired early, leaving Money and You. He was 47 when this happened to him. He wasn’t the resting-on-his-laurels kind, so he put his money into the stock market and real estate.
Having retired from his previous occupation and found himself with more free time, he resolved to devote himself to producing a book. The father of a close friend inspired him to mix the lessons learned from his “poor dad,” a schoolteacher, with those imparted by his “rich dad,” a successful businessman.
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His first “Rich Dad, Poor Dad” book was co-written with Sharon Lechter. They chose to self-publish the book after shopping it around to major publishing houses without success. After a three-year hiatus, he decided to launch Cashflow Technologies Inc., a company dedicated to teaching people about personal finance and entrepreneurship.
The Rich Dad and Cashflow trademarks are owned by Robert Kiyosaki, his wife Kim, and co-author Sharon Lechter. The book “Rich Dad Poor Dad,” written in 2000, is a primer on the benefits of financial independence and the entrepreneur’s path to wealth creation through, among other things, prudent real estate investments and the launch and operation of one’s firm.
The book became an instant best-seller after selling 10 million copies. Two other publications by the author followed Rich Dad, Poor Dad’s success: Rich Dad’s Cashflow Quadrant and Rich Dad’s Guide to Investing. The world also got to enjoy more than a dozen of his other writings.
He first acquired a South American silver mine in 2002 and then a Chinese gold mining firm in 2005. In a 2010 broadcast of The Alex Jones Show, he boasted about his vast riches, which he said included luxury apartment buildings, hotels, and even a golf course. He has made large investments in oil drilling activities, oil wells, and even a nascent solar energy enterprise.
Robert Kiyosaki’s Private Life
He married Kim Meyer, an accomplished businesswoman, investor, author, and public speaker, in 1986. Kiyosaki has frequently shared his expertise on personal finance and business success with audiences on major business news networks like CNBC, Fox Business, and Bloomberg. In addition, he was featured on shows including Fox & Friends, The O’Reilly Factor, Larry King Live, Fox & Friends, and Your World with Neil Cavuto.
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