| Full Name | Robert Kiyosaki |
|---|---|
| Net Worth | $150 million |
| Occupation | Entrepreneur, Investor, Author, Educator |
| Known for | Author of “Rich Dad Poor Dad” and founder of the Rich Dad Company |
| Birthdate | April 8, 1947 |
| Birthplace | Hilo, Hawaii, United States |
| Education | United States Merchant Marine Academy (B.S.), University of Hawaii at Hilo (M.B.A.) |
| Website | https://www.richdad.com/ |
| https://www.facebook.com/RobertKiyosaki/ | |
| @theRealKiyosaki | |
| @therealkiyosaki |
Have you ever wondered what Robert Kiyosaki net worth 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.
Most of his revenues come from seminars conducted by individuals who pay to use the Rich Dad brand name for marketing reasons.
As of May 2023, Robert Kiyosaki has a net worth of $100 million. In this post, we will break down how he achieved his massive wealth.
Table of Contents
Early Life
Robert Toru 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.
The Marines
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 toward education.
First Taste of Success: Financial Education Company
In 1985, Robert Kiyosaki’s first taste of success came when he 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 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 private financial education company that would own and operate the Rich Dad brand.
This same year, Kiyosaki published his most famous book, Rich Dad Poor Dad.
Rich Dad Brand
Rich Dad Poor Dad is now one of the best-selling business books with over 32 million copies sold.
The book was on a New York Times Best Sellers list for over six years and was even given a shout-out on the Oprah Winfrey Show.
The book undoubtedly 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 a best friend’s father, 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 book review, you can check out our post 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.
Cashflow Technologies, Inc.
In addition to the Rich Dad company, Robert Kiyosaki also owns Cashflow Technologies, Inc.
This is the company that produces the Cashflow board game and a series of other games and educational materials designed to teach financial literacy and investing.
The Cashflow Game
Rich Global LLC also created The Cashflow game, a board game that simulates real-life financial scenarios. Players must navigate their way out of the “rat race” and achieve financial freedom.
Players can choose to be employees, self-employed, business owners, or investors. The goal is to have the most cash and assets at the end of the game while avoiding bankruptcy.
The game is designed to teach players about investing, financial literacy, and how to get out of the “rat race.”
It’s a popular game among adults and has even been featured on The Oprah Winfrey Show.
Robert Kiyosaki has stated that the Cashflow game was inspired by his own financial journey and is meant to be educational and entertaining.
Lawsuit with Hasbro
In 2009, Cashflow Technologies, Inc. was sued by Hasbro, the maker of Monopoly, for copyright infringement.
The lawsuit claimed that the Cashflow game was too similar to Monopoly. However, the lawsuit was eventually settled out of court.
Rich Dad’s games and educational materials are designed to teach business and financial concepts.
Social Media Presence
Robert Kiyosaki is also very active on social media. He has over 2.5 million followers on Twitter and often tweets about business, investing, and financial advice.
He also has a YouTube channel with 2,000,000 subscribers where he uploads videos about business, investing, and personal finance.
In addition, Kiyosaki has his own website and blog.
Robert Kiyosaki Net Worth Growth
| Year | Net Worth | Contributing Factors |
|---|---|---|
| 1970 | $0 | Working for Xerox |
| 1980 | $1 million | Investing in real estate and starting his own business |
| 1990 | $10 million | Continued success in real estate and book sales |
| 2000 | $40 million | Best-selling books, board games, and public speaking engagements |
| 2010 | $80 million | Continued success in all of his business ventures |
| 2022 | $100 million | Success in real estate, books, and public speaking engagements, as well as royalties from his board game and franchise deals |
Robert Kiyosaki Net Worth 2023
As of May 2023, Robert Kiyosaki’s net worth is $100 million.
In addition to getting royalties from his book, Kiyosaki has shifted his business model to focus primarily on seminars.
Other experts usually conduct these seminars under the Rich Dad brand. These seminars range from free to sometimes costing tens of thousands of dollars.
Personal Life
In 1994, Kiyosaki married Kim Kiyosaki. The couple has two children together and currently resides in Scottsdale, Arizona.
Kim is also a businesswoman and author. She has co-authored several books with her husband, including Rich Woman: A Book on Investing for Women.
In addition to his businesses and writing, Robert Kiyosaki is also an investor. He has stated that he is a fan of investing in gold, silver, and real estate.
Kiyosaki has also been involved in a number of philanthropic ventures. He is a supporter of the National Education Association and has also donated to the Make-A-Wish Foundation.
Real Estate
In June 2022, Robert Kiyosaki made a nice profit from the sale of his oceanfront home on the Gold Coast of Oahu.
He paid $2.75 million for the property and sold it for $7.35 million!
The home has a stand-alone jacuzzi and custom-remodeled features such as solid Merbau hardwood and Travertine floors.
Frequently Asked Questions (FAQs)
How did Kiyosaki become rich?
Kiyosaki initially became rich after he sold Excellerated Learning Institute. This was the first business he created that didn’t go bankrupt.
From here, he went on to make money through investing in real estate, selling books, his Rich Dad seminars, and speaking engagements.
What is the monthly income of Robert Kiyosaki?
With all of his investments, it is estimated that Kiyosaki makes over $1 million a month.
Most of this money comes from his real estate holdings and licensing deals.
What is the age of Robert Kiyosaki?
Robert Kiyosaki is 75 years old.
What does Kiyosaki say about Bitcoin?
In a series of tweets in May 2022, Robert Kiyosaki said that he is waiting for Bitcoin to crash to $20,000 so that he can invest in the cryptocurrency at its lowest point.
He believes that it will then rebound and reach new highs.
Is “Rich Dad” a real person?
It is difficult to say for certain whether or not Rich Dad is a real person.
On one hand, Kiyosaki has never revealed the man’s true identity, and there has been no concrete evidence to suggest that Rich Dad is anything other than a fictional character.
On the other hand, Kiyosaki has spoken about Rich Dad in such a way that makes it seem like he is real. There are some similarities between Rich Dad and people in Kiyosaki’s life.
Ultimately, whether or not Rich Dad is real is up for interpretation.
Key Takeaways
Now that you know what the net worth of Robert Kiyosaki is and how he built it, let’s take a look at some of the most important lessons we can take from his journey.
Failure Is Not the Opposite of Success, It’s Part of It
Kiyosaki didn’t see his first business success until he was 38. 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
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: “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”