Have you ever wondered what the net worth of Robert Kiyosaki is? Well, as an investor, businessman, author, and motivational speaker Kiyosaki has done it all.
Best known for a series of books called Rich Dad Poor Dad, Kiyosaki has built everlasting wealth through his lifelong journey of investing, speaking events, and real estate.
The majority of his revenues come from his seminars conducted by individuals who pay to use the Rich Dad brand name for marketing reasons. Through all of his accolades, Robert Kiyosaki now has a net worth of 100 million dollars. In this post, we will break down how he achieved his massive wealth.
Robert Kiyosaki was born to Ralph and Marjorie Kiyosaki on April 8th, 1947, in Hilo, Hawaii. His father was a Ph.D. professor and instructor, which allowed young Kiyosaki to attend good educational institutions.
After graduating from high school in 1965, he attended Naval College. Eventually, he joined the U.S. Marine Corps and became a helicopter gunship pilot and served in Vietnam from 1972 to 1973.
Kiyosaki has stated that his time as a U.S. Marine gave him the strength of character needed to succeed in the business world.
After his tour in Vietnam, Kiyosaki attended college in Hilo, Hawaii, and earned his MBA. After completing his MBA, he worked as a sales associate for Xerox until 1978, after which he started his own business.
Robert Kiyosaki’s Failed Business Attempts
Robert Kiyosaki’s first business, Rippers, was a company that sold nylon/velcro wallets. These were among the first wallets of their kind and were featured in Runner’s World, Success Magazine, Newsweek, and Playboy. Nonetheless, the company eventually went bankrupt.
His second attempt was to sell apparel like t-shirts, wallets, and hats for Rock Bands. Once again, the company went bankrupt. After those two failed attempts, Kiyosaki shifted his focus more towards education.
Robert Kiyosaki’s First Taste Of Success
In 1985, Kiyosaki co-founded the Excellerated Learning Institute, a business education company that taught entrepreneurship, investing, and social responsibility. This company was his first success and allowed him to start investing in real estate. In 1994, Kiyosaki sold the company.
Kiyosaki leveraged this business success and used it to publish his first book: If You Want to Be Rich and Happy, Don’t Go to School.
The book was critical of college education and claimed that it wasn’t a pathway to success. Instead, Kiyosaki encouraged readers to become involved in investing in real estate instead.
However, the tipping point came when Kiyosaki founded Cashflow Technologies, Inc. in 1997. This was the financial education company that would own and operate the Rich Dad brand. In this same year, Kiyosaki published his most famous book, Rich Dad Poor Dad.
Rich Dad Poor Dad
Rich Dad Poor Dad is now one of the best selling business books with over 40 million copies sold.
The book was a New York Times’ Best Sellers list for over six years and was even given a shout out on the Oprah Winfrey Show. Without a doubt, the book launched Robert Kiyosaki’s career to the moon and won him fame and financial success.
The book, Rich Dad Poor Dad, highlights the differences between Kiyosaki’s lessons growing up by his 2 “dads” on money. His “rich dad” was the father of a best friend, while his “poor dad” was his biological father. Robert describes how they viewed money and personal finance differently and how it ultimately shaped their careers and lives.
If you want a full review of the book, you can check out our post on it here, along with a video review.
The book saw a lot of success. Although it faced its fair share of criticism, it allowed him to publish other books like Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom. And it also allowed him to co-author a book with Donald Trump: Why We Want You to be Rich: Two Men, One Message.
Robert Kiyosaki Net Worth 2021
As of 2021, Robert Kiyosaki has a net worth of 100 million dollars. In addition to getting royalties from his book, Kiyosaki has shifted his business model to focus primarily on seminars. These seminars are usually conducted by other experts under the Rich Dad brand. These seminars range from free to sometimes costing tens of thousands of dollars.
Failure is not the opposite of success; it’s part of it: Kiyosaki didn’t see his first business success until he was 38 years old. He faced many failures before that moment, but he never gave up. So many people are so afraid to fail that they never even start. They feel that if they fail, they will never be successful. The thing is, failure is not the opposite of success. It’s a part of it.
You don’t have to be an expert to start a business: Kiyosaki never had a successful business before co-founding the Excellerated Learning Institute. Some people may think that makes him a scam artist but look at it this way. Finance professors don’t have to be millionaires. Coaches don’t have to have played the sport. Just because you didn’t do something doesn’t mean you can’t teach others how to do it.
Your reputation is everything: Now, Kiyosaki has received considerable criticism over the years. In 2012, Kiyosaki’s company went bankrupt after a series of class-action lawsuits. His company was sued by attendees of his seminars who felt they were scammed. Some of his books and seminars have advocated questionable actions, such as insider trading or dropping out of college. Warren Buffet said it best when he said, “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”