Robert Kiyosaki Biography
Robert Kiyosaki is an author and businessman from the United States. Kiyosaki is the creator of Rich Global LLC and the Rich Dad Company, a private financial education firm that publishes books and videos on personal finance and business.
How old is Robert Kiyosaki? – Age
He is 74 years old as of 8 April 2021. He was born in 1947 in Hilo, Hawaii, United States. His real name is Robert Toru Kiyosaki.
Robert Kiyosaki Family
He is the eldest son of the late Ralph H. Kiyosaki, an academic instructor, and Marjorie O. Kiyosaki, a licensed nurse, and was a member of the Yonsei generation of Japanese Americans. Kiyosaki was followed by his three siblings, Emi and Beth Kiyosaki, and John Kiyosaki.
Are Kim and Robert Kiyosaki still Married? – Wife
Kiyosaki was married to Kim Kiyosaki and the couple divorced in 2017. The Kiyosaki’s have lived in Phoenix, Arizona, since 1994. In 2017, Robert and Kim divorced. On June 10, 2021, Robert acknowledged the split in an interview with Daniela Cambone of Stansberry Research.
Robert Kiyosaki Education
Kiyosaki attended Hilo High School in Hilo, Hawaii, and graduated in 1965. Following that, the majority of knowledge on Kiyosaki comes from speeches and seminars he has given throughout his life. Senator Daniel K. Inouye nominated Kiyosaki for the United States Naval Academy and the United States Merchant Marine Academy, according to Kiyosaki. He graduated in 1969 as a deck officer with a Bachelor of Science degree and a commission as a 2nd Lt. in the United States Marine Corps from the United States Merchant Marine Academy in New York.
After graduating from college, Kiyosaki worked as a third mate for Standard Oil’s tanker office. After six months, Kiyosaki left to join the Marine Corps, where he served as a helicopter gunship pilot during the Vietnam War in 1972, earning an Air Medal. While still in the service, he enrolled in a two-year MBA program at the University of Hawaii at Hilo in 1973. In June 1974, he was honorably discharged from the Marine Corps.
How did Kiyosaki become Rich? – Net Worth
He has an estimated net worth of $100 Million. Through his career adventure of investment, speaking events, and real estate, Kiyosaki has amassed an everlasting fortune. His seminars, which he conducts for people who pay to utilize the Rich Dad brand name for marketing purposes, account for the majority of his earnings.
What is the monthly income of Robert Kiyosaki? – Salary
He is said to be earning 35,000-50,000 per month.
Robert Kiyosaki Company – Career
Kiyosaki attended Erhard EST workshops in 1974, which he claims altered his life. He founded the “Rippers” company in 1977. The company was the first to introduce nylon and velcro surfer wallets to the market. Runner’s World, Gentleman’s Quarterly, Success Magazine, Newsweek, and Playboy have all covered Kiyosaki and his products. The company eventually went out of business. Until June 1978, he worked as a sales associate for Xerox. He subsequently opened a store that sold heavy metal rock bands T-shirts, hats, wallets, and purses. In 1980, the company went bankrupt.
Kiyosaki cofounded the Excellerated Learning Institute in 1985, a corporation that teaches entrepreneurship, investing, and social responsibility. Kiyosaki sold his education company in 1994. Kiyosaki’s first book, If You Want to Be Rich and Happy, Don’t Go to School, was published in 1992. He advised parents not to send their children to college and instead to pursue a career in real estate in his book. Cashflow Technologies, Inc., a business and financial education company that owns and maintains the Rich Dad and Cashflow brands, was founded by Kiyosaki in 1997. To promote his book, Kiyosaki teamed up with Amway. According to a Forbes interview, Kiyosaki’s main source of income is Rich Dad seminar franchisees.
Kiyosaki works through a number of businesses that he owns in whole or in part, as well as franchise agreements with other businesses that are paid to use his brand. Rich Dad LLC, Whitney Information Network, Rich Dad Education, and Rich Dad Academy are all part of this. In addition to writing the preface to Tom Wheelwright’s 2012 book Tax-Free Wealth, Kiyosaki has published other books on business and financial advice.
Kiyosaki’s financial and business teachings center on “financial education,” which entails generating passive income by focusing on business and investment opportunities such as real estate investments, businesses, stocks, and commodities, with the goal of being able to support oneself solely through such investments and thus achieving true financial independence. He maintains a list of authors and other “experts” on real estate investing financial planning and tax avoidance that he refers to as “Rich Dad Advisors.”
Things that put money in one’s pocket are referred to as “assets” by Kiyosaki. Stock dividends, rental income from homes, and business profits, he claims, are examples of assets that create cash inflow. He defines “liabilities” as those that eat cash from one’s pocket, such as one’s personal residence, consumer loans, car loans, credit card bills, and educational loans. Despite the hazards of using leverage to achieve financial independence, Kiyosaki believes that it is necessary to use financial leverage to become wealthy. He emphasizes the significance of establishing an asset first to support one’s liabilities rather than conserving money or relying on a regular employment salary.