Robert Kiyosaki Net Worth: How the ‘Rich Dad Poor Dad’ Author Made Millions
Millions of people flock to Robert Kiyosaki's website and Twitter page and seek out his published reading materials with the intention of finding helpful financial advice. After all, he's known for penning the best-selling personal finance book Rich Dad Poor Dad. Given Kyosaki's firm footing in the personal finance space, we can't help but wonder what his net worth actually is.
Kiyosaki, or Robert Toru Kiyosaki in full, was born on April 8, 1947, in Hilo, Hawaii. Currently, he lives in Scottsdale, Ariz. On his LinkedIn profile, Kiyosaki describes himself as an author, investor, and entrepreneur. Find out all about the author behind Rich Dad Poor Dad and the fortune he has amassed from book sales and business ventures down below.
Net worth: $100 million (estimated)
Robert Kiyosaki is the author of 27 books including the best-selling personal finance book 'Rich Dad Poor Dad.' He conducts several seminars and shows educating people on personal finance concepts.
Birthdate: April 8, 1947
Birthplace: Hilo, Hawaii
Education: MBA from the University of Hawaii
Spouse: Married twice. Separated from his second wife Kim in 2017
What is Robert Kiyosaki’s net worth?
According to Celebrity Net Worth, Kiyosaki’s net worth is $100 million. He has a Japanese lineage and his family has been in the U.S. for four generations now. He joined the U.S. Marine Corps and also served in Vietnam. After completing his MBA, he worked as a sales associate for Xerox where he became the top salesperson.
What was Robert Kiyosaki's first business?
In 1968, Kiyosaki got into business and started selling wallets through his company Rippers. While the business saw some success at first, eventually it went bankrupt. His second business was selling t-shirts but that business also went bankrupt. Kiyosaki got into education where he was finally successful. He started the Excelerated Learning Institute in 1985 and sold the company in 1994.
Did Robert Kiyosaki become famous from 'Rich Dad Poor Dad'?
Meanwhile, Kiyosaki rose to fame with his book 'Rich Dad Poor Dad', which he authored in 1997. The same year, he and his wife Kim founded The Rich Dad Company. The company’s mission is “To elevate the financial well-being of humanity.”
So far, Kiyosaki has authored 27 books and two of them are with former U.S. President Donald Trump. His most recent book was “Capitalist Manifesto,” which was published in 2021.
Does 'Rich Dad Poor Dad' offer good advice?
Considering Rich Dad Poor Dad was a best-selling book on personal finance and people still refer to it for personal finance guidance, it likely offers something to its readers. In the book, the “Rich Dad” is a fictional character while the “Poor Dad” is believed to be Kiyosaki’s father.
The book introduced some very interesting concepts — for example, the “pay yourself first” principle. In a nutshell, Kiyosaki describes it as setting aside money for investing before paying off your expenses. The book also talked about “good debt” and “bad debt.”
He said that debt taken to acquire depreciating items like a car or television a bad debt. According to Kiyosaki, debt taken to acquire appreciating assets like real estate is good debt. According to Kiyosaki, “bad debt takes money out of your pocket, and good debt puts money into your pocket.”
How did Kiyosaki become rich?
Kiyosaki became rich through the revenues that he received from his books. He also conducts several paid seminars. Kiyosaki made a lot of money through real estate investments.
Many people have been critical of Kiyosaki. They point out that his book 'Rich Dad Poor Dad' is vague. Also, his track record in business apart from education hasn’t been great. People also criticize Kiyosaki for partnering with Trump for two books, whose business credentials are debatable at best.