Boluwatife Daniel Afe · Follow
4 min read · Jan 11, 2024
Robert Kiyosaki, the legendary author of Rich Dad, Poor Dad, is worth a whopping $100 million. Following the phenomenal success of his bestselling personal finance book, Kiyosaki established a wildly prosperous financial education company. His post-writing business acumen now likely far surpasses his writing career fame and Rich Dad Poor Dad’s nickname as the top personal finance book of all time.
Born on April 8, 1947, in Hilo, Hawaii, USA. Kiyosaki serves as a writer, an author, an investor, a businessperson, an entrepreneur, a motivational speaker, and a pilot. Kiyosaki attended the Merchant Marine Academy at King’s Point in New York, and Kiyosaki graduated from high school in 1965 and later joined the US Marine Corps.
Kiyosaki’s parents are Ralp and Majorie Kiyosaki. His father was an educator who held a Ph.D. Kiyosaki later enrolled in an MBA program at the University of Hawaii but did not complete it. He then worked various jobs, including in sales at Xerox. In 1977, he founded a company called Ripers that made surfer-style nylon and velcro wallets. The company later went bankrupt, even though there was enough noise about the product.
After the dissolution of his company, Kiyosaki started investing in real estate and small-cap stocks. After facing some ups and downs, Kiyosaki started an education company in 1985, which later became Cashflow Technologies, Inc., the holding company of the Rich Dad brand and other similar brands in the mid-1990s.
Kiyosaki published his first book, ‘If You Want to Be Rich and Happy, Don’t Go to School’ in 1993. After the positive reception, the first book got, Kiyosaki published another book in 1997 titled ‘Rich Dad, Poor Dad’, which was the best-selling book listed by the New York Times from 2000 until 2008.
Robert Kiyosaki’s net worth is estimated at $100 million, according to Celebrity Net Worth. He accomplished this by being an author, a writer, a businessperson, an entrepreneur, an investor, and a pilot.
Kiyosaki started amassing wealth with the phenomenal success of his best-selling book, Rich Dad, Poor Dad. However, before Kiyosaki became a writer and an author, he started a company called ‘Rippers’ that marketed nylon and Velcro wallets, but the company eventually went bankrupt.
After that, he started another company, which was a retail company. The company was licensed to make apparel for various rock bands, but eventually, this company also went bankrupt. After this, he shifted his focus to education and started a company called the Accelerated Learning Institute. He started the company in 1985 and sold it in 1994.
However, more progress came for Kiyosaki when he founded Cashflow Technologies, Inc. in 1997. This was the financial education company that would own and operate the Rich Dad brand. That same year, Robert Kiyosaki published his famous book, Rich Dad Poor Dad and it sold over 32 million copies.
In light of this, let’s look into Robert Kiyosaki’s business endeavors.
Kiyosaki has written and published 26 books in his lifetime, and he has sold more than 41 million copies worldwide. His book, Rich Dad, Poor Dad Alone, sold over 32 million copies. Some of his other books include Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom, as well as books co-authored with Donald Trump, such as Why We Want You to Be Rich: Two Men, One Message. More recent publications include 2020’s Who Stole My Pension?: How You Can Stop The Looting, 2022’s Capitalist Manifesto: Money for Nothing—Gold, Silver, and Bitcoin For Free, and 2023’s Ravens: How To Prepare For And Profit From The Turbulent Times Ahead.
Apart from penning books, seminars are the mainstay of Robert Kiyosaki’s entrepreneurial approach. Most of the time, these seminars are run in a franchise-style manner by other specialists. Seminars can range in price from a few hundred to tens of thousands of dollars. Some are free.
Even though he published his last mega bestseller over 25 years ago, Kiyosaki remains peerless in terms of money earned from his personal finance author career. His $100 million net worth is miles ahead of any other personal finance writer in history. Though the genre has grown enormously since his breakout days, Kiyosaki built his fortune through savvy financial education company investments rather than just book sales and royalties. Now over 75 years old, the Rich Dad Poor Dad legend stands as a shining example that life after becoming an acclaimed author can bring even greater glories than those achieved in writing alone.
