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“Rich Dad Poor Dad”
The book has sold over 32 million copies and was originally self-published. After gathering momentum, the book was picked up by major publishers and remained on the “New York Times” Best Sellers list for over six years. The Oprah Winfrey Show” also boosted sales after its host mentioned the book. Without a doubt, the book launched Kiyosaki’s career in earnest, winning him fame and financial success.
The book is about two fathers, one of whom is poor while the other has accumulated wealth after intelligent investments and entrepreneurship. Later, Robert reveals the “rich dad” to be a fictional character, while the “poor dad” is allegedly based on his own father. “Rich Dad Poor Dad” delivers a series of financial lessons, including those related to real estate and starting a business.
The book was commercially successful, although it has been criticized for many reasons. The most glaring issue is that none of the financial success stories that Kiyosaki speaks about have been documented. No one has been able to prove that he was actually involved with the level of financial success he discusses in this book. In addition, many have criticized the book for being too vague and ridiculing American culture. Robert has since claimed that the book was not intended to be a guide for financial success but rather a motivational tool.
Later Books
After “Rich Dad Poor Dad,” Kiyosaki published many other books. These 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.” In total, Kiyosaki has published 26 books that have sold more than 41 million copies worldwide.
Seminars
In addition to writing books, Kiyosaki’s business model focuses on seminars. These seminars are typically conducted by other experts through a franchise-like approach. Some seminars are free, while others can cost hundreds or even tens of thousands of dollars.
Criticism
Robert has received considerable criticism over the years. Many complain that his seminars contain no real, concrete information. Kiyosaki has also been involved in multi-level marketing. Some of his books and seminars have advocated questionable or even illegal actions, such as insider trading or dropping out of college. His company also recommended investing in real estate in 2007, shortly before the economic recession of 2008.
Company Bankruptcy
In 2012, Kiyosaki’s company, Rich Global LLC, went bankrupt after a series of class-action lawsuits. His company was sued by attendees of his seminars who felt they were scammed. His company was also sued as a result of royalty disputes. Losing in court left the company in bad shape, and so Kiyosaki chose bankruptcy. He was ordered to pay nearly $24 million to The Learning Annex and its founder.
Robert Kiyosaki Net Worth (Money & Salary)
Data is from 2023 and 2024 and forecast data is for 2025 and 2026. We also expand the forecast data to 2027 and 2028.
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Robert Kiyosaki Net Worth (Money & Salary)
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Publish date : 2024-08-10 14:28:00
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