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 |
| Years active | 1973–1994 1997–present |
| Notable works | Rich Dad Poor Dad |
| Spouse |
Kim Meyer
(m. 1986; div. 2017) |
Robert Toru Kiyosaki (born April 8, 1947) is an American businessman and author. He is best known for his book series Rich Dad Poor Dad, which teaches people about personal finance. He started the Rich Dad Company, which offers education on money and business through books and videos.
Kiyosaki's company, Rich Global LLC, faced financial problems and filed for bankruptcy in 2012. His financial advice has also been looked at closely by news channels like the CBC and CBS News.
Contents
Early Life and Family
Robert Kiyosaki was born in 1947 in Hilo, Hawaii. His family has Japanese roots. His father, Ralph Kiyosaki, was an educator who became Hawaii's superintendent of schools. His mother, Marjorie Kiyosaki, worked as a nurse.
Robert went to Hilo High School. He almost got kicked out because his grades were not very good.
Starting His Career
In 1977, Kiyosaki began a company called "Rippers." It sold wallets made of nylon and Velcro. This company did not succeed and eventually went out of business. After that, he worked as a salesperson for Xerox for about a year.
In the 1980s, Kiyosaki became a motivational speaker. He taught a course called "Money and You," which helped people learn about money and business. This course became very popular and had many students around the world. He left this business in 1994.
Teaching About Money
In 1993, Kiyosaki wrote his first book, If You Want to Be Rich and Happy, Don't Go to School. In this book, he suggested that parents might not need to send their children to college. Instead, he thought they should consider getting into the real estate business.
In 1997, Kiyosaki started Cashflow Technologies, Inc. This company owns the Rich Dad and Cashflow brands. He also created board games and video games called "Cashflow." These games help both kids and adults learn about business and how to manage money.
Kiyosaki worked with a business partner named Sharon Lechter for about ten years. They ended their partnership in 2008.
Other Businesses and Advice
Robert Kiyosaki has been involved in several businesses. Some of his early businesses, like selling surfing bags and T-shirts, did not work out.
Today, he runs his businesses through different companies. Many of his earnings come from other people who pay to use his "Rich Dad" brand name to teach seminars.
In 2012, one of Kiyosaki's companies, Rich Global LLC, had to file for bankruptcy. This happened after a court ordered the company to pay money to another company called The Learning Annex.
His Financial Advice
Kiyosaki has written more than 26 books, including Rich Dad Poor Dad. This book has been translated into many languages and has sold millions of copies. He has said that his books also help advertise his more expensive seminars.
Kiyosaki teaches that you can become financially free by earning passive income. This means making money without actively working for it, like from investments. He also believes that getting rich does not always come from going to school and having a traditional job.
He suggests using what he calls "good debt" to buy things that can make you money, like real estate. He also strongly believes in buying gold and silver, calling them "God's money."
Some of Kiyosaki's advice has been questioned. For example, in 2006 and 2007, he promoted real estate as a good investment right before real estate prices dropped a lot. News programs have also looked into his seminars and raised concerns about the advice given. Critics have also pointed out that his advice often uses stories instead of very specific steps.
Personal Life
Robert Kiyosaki married Kimberly "Kim" Meyer in 1986. She also became his business partner. They divorced in 2017.
When asked about his personal wealth, Kiyosaki has said that he is more than $1 billion in debt.
Political Views
Kiyosaki supported Donald Trump during the 2016 United States presidential election. Kiyosaki had also written two books with Trump before the election.
See also
In Spanish: Robert Kiyosaki para niños
