Robert Kiyosaki Net Worth: Robert Kiyosaki, a well-known author, has changed the way many people think about wealth and financial matters. The majority of people today, he said confidently, are financially struggling despite having years of formal education and training, and this is because they don’t understand money.
He has a diverse professional background, including that of entrepreneur, investor, writer, and keynote speaker. Since the publication of his personal finance book “Rich Dad, Poor Dad,” he has become a household name. In the novel, he contrasts his own father, who did not go to college but provided for his family, with the fictional father, who never finished high school but became the wealthiest person in Hawaii.
This business magnate, who is now a major player in his field, started out quite a little. It’s worth noting that the self-made billionaire who now advises others on how to replicate his success had a much different past. However, he did not give up and instead began teaching people how to better manage their money.
Robert Kiyosaki Net Worth
Robert Kiyosaki is worth $100 million as an investor, entrepreneur, author, motivational speaker, and financial critic in the United States. Robert Kiyosaki, the author of the bestselling Rich Dad Poor Dad, has become a household name because of his expertise in the field of self-help and life coaching, notably in the area of financial advice.
Robert claims to make between $1.5 and $2 million monthly. The vast majority of his income comes from licensing fees paid by third parties to offer seminars under the Rich Dad brand.
Robert Kiyosaki Early Life
In Hilo, Hawaii, Ralph H. Kiyosaki welcomed his son Robert into the world. There was a Japanese American branch to his family tree. Kiyosaki was able to attend prestigious schools thanks to his father, who was in the teaching profession.
After graduating from Hilo High School, he enrolled in the U.S. Merchant Marine Academy in New York and earned his deck officer’s license in 1969.
Robert Kiyosaki Career
He had the opportunity to see the world after finishing school and finding work on commercial ships. During his travels, he experienced new foods, customs, and ways of life. Not only that, but he also saw the extremes to which poverty can drive individuals. His life was profoundly altered by his travels.
In 1972, he enlisted in the Marine Corps and served as a gunship pilot in a helicopter during the Vietnam War. In honor of his service, he was awarded the Air Medal. Two years later, he decided to leave the Marines. On the other hand, instead of returning to Hawaii, he settled in New York.
From 1974 to 1978, he worked as a salesman for Xerox Corporation, peddling photocopiers. In the meantime, he saved up enough money in 1977 to start his own company, where he marketed the first “surfing” wallets made of nylon and Velcro.
He sacrificed wallet quality to keep prices low, which led to lower demand and ultimately financial difficulties for the company. This meant bankruptcy was inevitable. He established a business at the turn of the 1980s to handle licensing arrangements for merchandise featuring the likes of heavy metal bands like Motley Crue.
The company was initially quite successful, but the popularity of more melodic styles of music led to a decline in demand for heavy metal acts. The company went bankrupt in 1985. While the second business was booming, he used the money to diversify into other markets, such as stocks, shares, and real estate.
While his business declined over time, his bank fees increased. He had to repay the same treatment by starving and sleeping on the streets. Even though he had struck rock bottom, he decided to use his experience to help others and teach them how to avoid bankruptcy and achieve financial success.
Interestingly, he opted to begin teaching people how to avoid poverty and bad financial mistakes despite the fact that his experiences and modest lifestyle ran opposed to his career. He, along with fellow alumnus D.C. Cordova, has taken a job as a motivational speaker for the Money and You organization.
The primary objective of the three-day lecture was to familiarize students with Buckminster Fuller’s writings. The success of the corporation allowed it to grow beyond its original North American bases into both Australia and New Zealand. He amassed a fortune in the millions as a result of the widespread acclaim and commercial success of his enterprise.
But he didn’t stay with it for long, and in 1994 he left Money and You to retire early. When this happened, he was 47 years old. He wasn’t the kind to sit on his laurels, so he went out and made some investments in the stock market and the real estate market.
Now that he had stopped working his regular job and had more time on his hands, he decided to devote himself to writing a book. He decided to write a book that combined the teachings of his “poor dad,” an educator, with the advice and guidance of his “rich dad,” the father of a close friend.
Together with Sharon Lechter, he authored the first “Rich Dad, Poor Dad” book. After failing to find a traditional publishing house interested in the book, they decided to release it independently. He came out of retirement after three years to start Cashflow Technologies Inc., which focuses on helping people learn about money and business.
The company is owned by Robert Kiyosaki, his wife Kim, and co-author Sharon Lechter, and includes the Rich Dad and Cashflow trademarks. Written in 2000, “Rich Dad Poor Dad” encourages self-sufficiency and educates its readers on the merits of amassing riches through such means as wise real estate investments and the creation and management of one’s own business.
Sales of 10 million copies propelled the book to bestseller status. After the success of Rich Dad, Poor Dad, two more books by the author, Rich Dad’s CASHFLOW Quadrant and Rich Dad’s Guide to Investing, were released. More than a dozen of his other works were also published.
In 2002, he bought a silver mine in South America, and by 2005, he had taken over a Chinese gold mining company. On an episode of The Alex Jones Show from 2010, he talked about his massive fortune, which encompassed high-rise apartments, hotels, and a golf course. The oil drilling operations, oil wells, and even a fledgling solar energy firm are all under his watchful eye, and he has made substantial investments in each.
Robert Kiyosaki’s Personal Life
In 1986, he wed Kim Meyer, a successful entrepreneur, investor, writer, and speaker. Over the years, Kiyosaki has appeared on CNBC, Fox Business, and Bloomberg to offer financial advice to viewers. He also appeared on shows like Fox and Friends, The O’Reilly Factor, Larry King Live, Fox & Friends, and Your World with Neil Cavuto.
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