Robert Kiyosaki facts for kids
Quick facts for kids
Robert Kiyosaki
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Kiyosaki in 2023
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| Born | Robert Toru Kiyosaki April 8, 1947 Hilo, Territory of Hawaii, U.S. |
| Occupation | Businessman, author |
| Subject | Personal finance, business investing |
| Notable works | Rich Dad Poor Dad |
| Years active | 1973–1994 1997–present |
| Spouse |
Kim Meyer
(m. 1986; div. 2017) |
| Relatives | Emi Kiyosaki (sister) Beth Kiyosaki (sister) John Kiyosaki (brother) |
Robert Toru Kiyosaki (born April 8, 1947) is an American businessman and author, known for the Rich Dad Poor Dad series of personal finance books. He is the founder of the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos, and Rich Global LLC, which filed for bankruptcy in 2012.
Since 2010, Kiyosaki was the subject of a class action suit filed by people who attended his seminars, and the subject of investigative documentaries by CBC, WTAE-TV.
Contents
Early life and family
Kiyosaki was born in 1947 in Hilo, in the American Territory of Hawaii, into a family of Japanese descent.
Business career
In 1977, Kiyosaki started a company called "Rippers" that marketed nylon and Velcro wallets. The company eventually went bankrupt and he took a job as a sales associate for Xerox until June 1978.
In 1993, Kiyosaki published his first book, If You Want to Be Rich and Happy, Don't Go To School. In his book, he encouraged parents not to send their children to college and instead to enter the real estate business.
In 1997, Kiyosaki launched Cashflow Technologies, Inc., a holding company that owns and operates the Rich Dad and Cashflow brands. Kiyosaki created the Cashflow board and software games to educate adults and children about business and financial concepts.
Other business ventures and investments
Kiyosaki's earlier two businesses (for surfing bags with Velcro fasteners and T-shirts) went bankrupt.
Kiyosaki operates through a number of companies that he owns fully or in part, and through franchisee arrangements with other companies authorized to use his name for a fee. This includes Rich Dad LLC, Whitney Information Network, Rich Dad Education and Rich Dad Academy. The company's main revenues come from franchisees of the Rich Dad seminars that are conducted by independent individuals using Kiyosaki's brand name.
In 2012, Kiyosaki's company "Rich Global LLC" filed for bankruptcy and was ordered to pay nearly $24 million to The Learning Annex and its founder.
Business and financial advice
Kiyosaki has authored more than 26 books including Rich Dad Poor Dad, which has been translated into 51 languages and sold over 41 million copies worldwide. In an interview with CBC, Kiyosaki described his books as an advertisement for his higher-priced seminars.
Kiyosaki's financial and business teachings claims that financial independence can be achieved through passive income. He also claims that wealth cannot be achieved from going to school and obtaining a traditional job.
Policy
Kiyosaki endorsed and supported Republican candidate Donald Trump for the 2016 presidential elections. Kiyosaki had previously co-authored two books with Trump.
Books authored
- Rich Dad Poor Dad – What the Rich Teach Their Kids About Money – That the Poor and Middle Class Do Not! (first published in 1997) Warner Business Books. ISBN: 0-446-67745-0.
- Cashflow Quadrant: Rich Dad's Guide to Financial Freedom (2000). ISBN: 0-446-67747-7.
- Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! (2000). ISBN: 0-446-67746-9.
- The Business School for People Who Like Helping People (March 2001). ISBN: 99922-67-42-9 – endorses multi-level marketing
- Rich Dad's Rich Kid, Smart Kid: Giving Your Children a Financial Headstart (2001). ISBN: 0-446-67748-5.
- Rich Dad's Retire Young, Retire Rich (2002). ISBN: 0-446-67843-0.
- Rich Dad's Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming… and How You Can Prepare Yourself and Profit from It! (2002). Warner Books. ISBN: 0-641-62241-4.
- Rich Dad's The Business School: For People Who Like Helping People (2003) ISBN: 979-686-729-X.
- Rich Dad's Who Took My Money?: Why Slow Investors Lose and Fast Money Wins! (2004) ISBN: 0-446-69182-8.
- Rich Dad, Poor Dad for Teens: The Secrets About Money – That You Don't Learn in School! (2004) ISBN: 0-446-69321-9.
- Rich Dad's Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business (2005). ISBN: 0-446-69637-4.
- Why We Want You to Be Rich: Two Men, One Message (2006) co-written with Donald Trump ISBN: 1-933914-02-5.
- Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money (2008). ISBN: 0-446-50936-1.
- Rich Dad's Conspiracy of the Rich: The 8 New Rules of Money (2009). ISBN: 0-446-55980-6
- The Real Book of Real Estate: Real Experts. Real Stories. Real Life. (2009) ISBN: 1-4587-7250-0.
- An Unfair Advantage: The Power of Financial Education (2011). ISBN: 1-61268-010-0.
- Midas Touch: Why Some Entrepreneurs Get Rich And Why Most Don't (2011), co-written with Donald Trump ISBN: 1-61268-095-X.
- Why 'A' Students Work for 'C' Students and Why 'B' Students Work for the Government: Rich Dad's Guide to Financial Education for Parents (2013). ISBN: 978-1-61268-076-7.
- The Business of the 21st Century (2010), co-written with John Fleming and Kim Kiyosaki ISBN: 81-8322-260-9.
- Second Chance: for Your Money, Your Life and Our World (2015) ISBN: 978-1-61268-046-0
- 8 Lessons in Military Leadership for Entrepreneurs: How Military Values and Experience Can Shape Business and Life (2015) ISBN: 978-1-4915-8387-6
- Why the Rich are Getting Richer: What is Financial Education...Really? (2017) ISBN: 978-1-61268-088-0
- FAKE: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class Poorer (2019) ISBN: 978-1-61268-084-2
- Who Stole My Pension?: How You Can Stop The Looting (2020) ISBN: 978-1-61268-103-0
- Capitalist Manifesto (2021) ISBN: 978-161268-114-6
- Ravens: How To Prepare For And Profit From The Turbulent Times Ahead (2023) ISBN: 978-161268-100-9
