Curious about the person’s earning who wrote “Rich Dad Poor Dad”? Come along as we explore Robert Kiyosaki’s net worth and learn about his journey in money matters. In this post, you will get all the information related to his earnings, net worth, investments and other updates.
How Much is Robert Kiyosaki’s Net Worth?
It is estimated that Robert Kiyosaki an American investor, businessman, author, motivational speaker and financial commentator has a net worth of $100 million.
Kiyosaki is among the most well-known figures in self-help and life coaching, particularly when it comes to financial guidance. The majority of his income is derived from seminars held by different people who pay to market their brands.
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Which are Robert Kiyosaki’s Business Ventures?
According to Kiyosaki, attending the Erhard EST seminars in 1974 was a life-changing experience. He founded “Rippers” in 1977, a business that sold wallets made of nylon and Velcro. Up until June 1978, Kiyosaki worked as a sales representative for Xerox. Kiyosaki’s first two ventures, which were for T-shirts and surfing bags with Velcro fastening, failed.
After filing for bankruptcy in 2012, Kiyosaki’s company “Rich Global LLC” was mandated to pay The Learning Annex and its founder over $24 million.
Kiyosaki runs his business through many firms that he either entirely or partially controls, as well as through franchise agreements with other businesses that are allowed to use his name under license for a price. Rich Dad LLC, Rich Dad Academy, Rich Dad Education, and Whitney Information Network are a few examples of this.
The core of Kiyosaki’s business and financial teachings is what he refers to as “financial education” making passive income by concentrating on business and investment opportunities including stocks, real estate and commodities, with the ultimate goal of becoming self-sufficient through these investments and attaining true financial independence.
What is the Name of Robert Kiyosaki’s First Educational Business Venture?
Excellerated Learning Institute was the name of Robert Kiyosaki’s first venture into the education industry. It was Robert’s first foray into the field of business education, though the organization also prioritized teaching social responsibility to its pupils. The business was founded in 1985 by the entrepreneur, who sold it in 1994.
Kiyosaki began constructing the educational empire that would eventually make him wealthy in the middle of the 1990s. The establishment of Cashflow Technologies, Inc. by Kiyosaki in 1997 was the most significant advancement. This was the firm that would, among other things, own and run the Rich Dad brand for financial education.
Where Did Robert Kiyosaki Invests His Money?
Robert Kiyosaki has established a strong reputation and many are eager to follow his investment advice. Interestingly, he gives preference to assets that serve as safe havens against inflation. His favorite precious metals are gold and silver in particular.
Kiyosaki said in a tweet which is provided below, Silver is the greatest low-risk, high-potential investment.
Q: Why are gold, silver, Bitcoin going higher? A: Because US poor and middle class getting poorer & deeper in bad debt. Please don’t get poorer. At least buy one silver coin. Only $30 and start to get richer.
— Robert Kiyosaki (@theRealKiyosaki) January 31, 2023
He has also stated his belief in Bitcoin, describing it as a hedge against the unpredictability of conventional financial institutions and forecasting a collapse of the US dollar by 2023.
From Which Books Did Robert Kiyosaki Get Fame?
Kiyosaki’s first book, If You Want to Be Rich and Happy, Don’t Go to School was released in 1993. In his book, he urged parents to start their kids in real estate instead of sending them to college. The book was self-published at first and has now sold over 32 million copies.
The book gained traction and was eventually taken up by big publishers. The “rich dad” was later revealed by Robert Kiyosaki to be a fictional character, whereas Robert claims that the “poor dad” is based on his father. The book received positive reviews while receiving negative reviews for a variety of reasons.
Kiyosaki explained that his books served as a promotional tool for his more expensive seminars. His first book, If You Want to Be Rich and Happy, Don’t Go to School was published first marking the beginning of it all. The book, as its title implies criticized college education as a means of achieving success and urged readers to get involved in real estate instead.
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