Robert Kiyosaki is a Japanese American who was born in Hawaii, 1947. He went to the U.S Merchant Marine Academy soon after graduating from Hilo High School. He graduated from the academy in 1969 as a deck officer and was honored with the Air Medal while serving as a gunship pilotin the Vietnam War. In 1975 Kiyosaki left the Marine Corps and worked as a Xerox machine salesperson. Three years later he started his own businessof selling Velcro
surfer wallets. The business went well for a while, but unfortunately went bankrupt.
His big break came in 1997 when he published “Rich Dad Poor Dad.” The book is basically a comparison between two ‘dads’; one was his father (poor dad) and other was the father of his best friend (rich dad) — and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you do not need to be very educated to become rich.
Robert Kiyosaki then, used the success from his book and established Cashflow Technologies, Inc. This company incorporates and runs two of his brands namely, Rich Dad and Cashflow.
Apart from running Rich Dad and Cashflow Technologies Inc. Kiyosaki has also invested in several other business ventures. In 2002, he purchased a silver mine in South America and became the owner of a gold mine in China. He has a theory that a few dollars you can buy precious metal coins and that will actually get you ready for the ‘biggest crashes in world history’. He calls himself a ‘gold bug’ as he has several commodities like silver and gold so he
can save himself from any losses against the misprinting of the U.S dollar.
Kiyosaki is also a real estate investor. He spends most of his money on investments and owns many real estate development ventures. He has various property management projects running throughout America. He is also a pioneer and investor of oil drilling operations and even solar power startups.
In 2012, the Learning Annex won a court judgment of $23.7 million from Kiyosaki’s business Rich Global LLC. The Learning Annex had an agreement with Kiyosaki’s business that in exchange for helping promote the brand by booking him to speak, he would pay a percentage of speaking engagement profits. Kiyosaki filed for bankruptcy for the company, though he is reportedly worth $80 million.
But, he’s still writing too. In 2017, he published two books commemorating the 20th anniversary of “Rich Dad Poor Dad”. Those books, “Why the Rich Are Getting Richer” and “More Important Than Money: An Entrepreneur’s Team,” both are build on ideas that he has talked about in his Rich Dad series.
Now, at 73 years of age, Kiyosaki has established himself as a world-renowned entrepreneur and author. His nearly 30 books had been sold a combined of 40 million copies, although this has not escaped harsh criticism due to his methods and political affiliation