Robert Kiyosaki net worth in 2024
How much is Robert Kiyosaki’s net worth in 2024? Robert Kiyosaki is a well-known entrepreneur and businessman. He is the author of the “Rich Dad, Poor Dad” book, which has had tremendous success in past years. This book is well famous among all ages of peoples.
According to data, Robert T Kiyosaki net worth is $100 million. He is an entrepreneur, author, investor, and motivational speaker, all the way from the United States. He wrote more than 26 books that teach us about finance and investments.
Early life
Robert Kiyosaki was born to Ralph and Marjorie Kiyosaki on the 8th of April in 1947. Robert Kiyosaki is 4th generation Japanese American. His father was a professor and Ph.D. holder. Kiyosaki was born and raised in Hilo, Hawaii, and graduated high school in 1965.
After high school, he attended naval college and joined the U.S. Marine Corps. His brother was in the Air Force, and both fought together in the Vietnam War. Kiyosaki became a helicopter pilot and served in Vietnam in 1972 and 1973.
After the Vietnam War, Kiyosaki attended college in Hilo, Hawaii. After completing their MBA, he entered the business world for the first time. He worked as a sales executive for Xerox until 1968. In this way, he started his first business.
Who is Robert Kiyosaki?
Robert Kiyosaki is a self-made millionaire. He is a financial coach, author, and entrepreneur who runs many businesses. The early days were difficult for Kiyosaki. He started some businesses but unfortunately did not get that much success.
He worked for a company called “Xerox” in 1968. After that, he started Rippers, which sells nylon and Velcro surfer-style wallets. The company was going well, but unfortunately, it went bankrupt. Again, he started a new company, which also went bankrupt.
Kiyosaki got his big break in 1997 when he published “Rich Dad Poor Dad.” The book was based on his childhood stories on finance. In that novel, he stated how his father had a Ph.D. but struggled with poverty.
Meanwhile, his friend’s father (Rich dad) was a school dropout but successful. In that novel, he wrote the lessons his rich and poor dad taught him.
He tries to educate finance people with the help of his books and sessions. He wrote about 26 plus books on finance, which helped us to get rich and cover more financial topics.
His books are a mirror to those who want to become an entrepreneur. His best book was ‘’Rich Dad Poor Dad” which made history and was in the category of best-published book in the New York Times for six years.
He argues that you can’t get rich from a paycheck. You get rich from owning assets that pull in passive income and scaling up. This type of financial knowledge contains his books.
Exploring Robert Kiyosaki: Source of Wealth
Robert Kiyosaki is an entrepreneur and has many sources of income. Most of my earning comes from real estate and bookselling. We will see his income sources one by one.
Educational Businesses
In early 1985, he had some success. He co-founded the Excellarated Learning Institute. The business school taught subjects including corporate, social responsibility, investing, and business strategy ideas. Later, he sold that institute to a large corporation in 1994.
In 1990, he began building the foundation for an educational empire that would make him wealthy in the mid-1990s. His first book, “If You Want To Be Rich And Happy, Don’t Go To School,” was the base for the movement.
The title gives a core idea that the author does not recommend college as a means to success and insists that he recommends youngsters to enter in real estate business.
His Book Sales
Most of the name and fame of Robert Kiyosaki came from sales of “Rich Dad Poor Dad.” This book teaches a lot about money and personal finance and is one of the most recommended books.
More than 40 million copies of “Rich Dad Poor Dad” are sold in over 100 countries worldwide, and on the other hand, it completed almost six years on the New York Times best sellers list after its release. Since its initial release, over 32 million copies of the book have sold in 40 languages across 40 countries.
In this novel, he explains the difference between the rich dad and the poor dad, where the poor dad was living in poverty and struggling with money. In contrast, his poor dad had a Ph.D. degree, while his rich dad was passionate about entrepreneurship and successful in life.
Robert Kiyosaki and Donald Trump wrote a book titled “Why We Want You To Be Rich: Two Men, One Massage.”
Best-selling Robert Kiyosaki books
- Rich Dad, Poor Dad
- Rich Dad’s Guide To Investing
- Rich Dad’s Cashflow Quadrant
- Rich Dad Who Took My Money
- Why We Want You To Be Rich: Two Men, One Massage
- Why ‘A’ Student Wrote For ‘C’ Student
- Second Chance
Seminars
In addition to writing books, he conducts seminars on financial wealth and passive income. These seminars are managed by some professionals in the same field using a franchise-style business. His seminars are organized all over the world. The price range of his seminars can be in a range from zero dollars to thousand dollars.
Real estate investment
Kiyosaki has lots of investment in real estate, including major apartments, buildings, hotels, and golf courses around the United States. He always wanted to create a passive income source through real estate since he could turn his properties into rentals.
Other investment
Kiyosaki has insulated in a wide variety of enterprises. He recently launched a business in the solar energy sector and has invested in oil drilling operations and oil wells. Kiyosaki made a public offering in a Chinese gold mine and purchased a silver mine in South America in 2002. He has also invested in cryptocurrency and the stock market.
Controversy and criticism
Controversy and criticism come with big names, which is not a big thing. Here, we are going to discuss some controversial things about Kiyosaki.
- Kiyosaki started a company called Rippers back in 1977, which sold nylon and Velcro-style wallets. They ended up in bankruptcy.
- He tried to partner with the Velcro wallet company and worked together to achieve his goal. Ultimately, that company also went into bankruptcy.
- Rich Global LLC filed for bankruptcy on 7th August 2012 due to a lack of funds to pay.
- There wasn’t a rich dad, even though his book “Rich Dad Poor Dad” specifically claims there was only one.
- He got criticized for charging $45000 for financial advice.
Rich Dad Poor Dad PDF download here Rich Dad Poor Dad English pdf
Some financial lessons from Robert Kiyosaki
- To be rich, focus on building assets, not increasing your income.
- Work to learn, not to earn.
- Your mind is your greatest asset.
- Find a game where you can earn.
- Rich people don’t work for money; their money works for them.
