Facts of Robert Kiyosaki
|Full Name||Robert Kiyosaki|
|Birth Name||Robert Toru Kiyosaki|
|Birth City||Hilo, Hawaii|
|Father Name||Ralph H. Kiyosaki|
|Mother Name||Marjorie O. Kiyosaki|
|Mother Profession||Registered Nurse|
|Education||University of Hawaii at Hilo|
|Date of Birth||April 8,1947|
Widely recognized as the author of the Rich Dad Poor Dad series, Robert Kiyosaki is an American businessman and author. He is also well-known as the founder of Rich Global LLC and the Rich Dad Company.
The Japanese-American author has published over 26 books to date. Despite his worldwide sales, Kiyosaki has been criticized for advocating the practices of debatable legality perceived as ‘get rich quick’ philosophy. As of 2019, Robert owns an estimated net worth of $80 million.
Why Is Robert Kiyosaki Not A Billionaire?
Pocketing millions of dollars in his pocket, Robert’s income is more than his expenses giving him the financial freedom to invest in high-risk opportunities.
Kiyosaki’s books encourage people to be masters over money. Hence, he might feel he’s working for money and not having his money work for him in order to become a billionaire.
Kiyosaki’s Business: Its Rise And Fall
Prior to his successful career as a businessman, Robert served in the U.S. Marine Corps as a helicopter gunship pilot during the Vietnam War in 1972. For his outstanding bravery, he was awarded an Air Medal.
Robert was honorably discharged from the Marine Corps in June 1974. He then worked for Xerox as a sales associate until June 1978.
In 1977, Robert started his own company called ‘Rippers’ which brought nylon and Velcro surfer wallets to the market. His products were featured in Gentleman’s Quarterly, Success Magazine, Runner’s World, Newsweek, and Playboy. However, the company eventually went bankrupt.
He then started a retail business that made T-shirts, wallets, bags, and hats for heavy metal rock bands. Unfortunately, the company went bankrupt in 1980.
In 1985, he co-founded the Excellerated Learning Institute which was a business education company teaching entrepreneurship, social responsibility, and investing. Robert sold the company in 1994.
In 1992, Robert published his first book titled “If You Want To Be Rich and Happy, Don’t Go To School”.
Through his book, he encouraged parents not to send their children to schools instead sent them to real estate business.
Here is a list of few of his books:
- Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom
- The Business School for People Who Like Helping People
- Rich Dad’s Success Stories
- Rich Dad’s Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business
- An Unfair Advantage: The Power of Financial Education
- Why the Rich Are Getting Richer
Moreover, in 1997, he launched a business and financial education company called Cashflow Technologies, Inc., which owns and operates the Rich Dad and Cashflow brands.
Additional Fact: In 2012, Robert’s company Rich Global LLC filed for bankruptcy.
Investments & Other Business Ventures
Following the bankruptcy of his two businesses, Kiyosaki set up a company for financial and real estate education that initially performed better with a business model of high priced seminars ranging from $12,000 to $50,000 per head.
Apart from this, Kiyosaki owns many real estate development ventures, over 10,000 units of apartment houses, hotels, golf courses, and a number of oil drilling operations and oil wells in Texas.
He is also involved with the commercial real estates sector such as investing in Triple net lease, warehouse, and real estate development ventures across the United States of America.
Assets, Lifestyle, And Exclusive Cars
The 72-year-old multi-millionaire resides in his million-dollar mansion in Phoenix, Arizona. Besides the house, Robert also owns other properties in the area.
The median house price in the Phoenix, Arizona ranges around $244,600 which can rise up to millions of dollars depending on the area and property.
The multi-millionaire author is often seen riding around expensive cars like Lamborghini Aventador ($393,695), Porche 911 ($293,200), Ferrari ($252,800 to $272,700), Bentley Continental GT ($214,600), and Chevrolet LT Suburban ($52,000 to $66,600).
The 5 feet 5 inches tall businessman is a big believer in whole life insurance. He often tells people about the merits of the insurance via his books.
Short Personal Biography Of Millionaire Robert Kiyosaki
Robert Toru Kiyosaki was born on 8th April 1947 in Hilo, Hawaii, the United States of America. He holds both Japanese and American nationality and comes from an Asian ethnicity.
He was brought up by father Ralph H. Kiyosaki and mother Marjorie O. Kiyosaki alongside his siblings Emi, Beth, and John. Robert went to Hilo High School graduating in 1965.
Moreover, he also enrolled at the United States Merchant Marine Academy and the University of Hawaii at Hilo.
Who Is Kiyosaki Married To?
Robert is married to Kim Kiyosaki. The couple tied the knot in November 1986 and are living a blissful life.
Kim is his second wife. The details of his first marriage are not available.