Kiyosaki in 2006.
|Born||Robert Toru Kiyosaki
April 8, 1947
Hilo, Hawaii, United States
|Residence||Scottsdale, Arizona, United States|
|Alma mater||United States Merchant Marine Academy (BS)|
|Occupation||Founder of the Rich Dad Company and Cashflow Technologies, Inc.
Author of the Rich Dad Poor Dad series of books
Principal Host of the Rich Dad Radio Show
Financial columnist on Yahoo Finance
Former host of Rich Dad TV on PBS
|Net worth||$80 million|
|Spouse(s)||Kim Kiyosaki (since 1985)|
Robert Toru Kiyosaki (born April 8, 1947) is an American businessman, investor, self-help author, motivational speaker, financial literacy activist, financial commentator, and radio personality. Kiyosaki is the founder of the Rich Dad Company. He has written over 15 books which have combined sales of over 26 million copies.
A financial literacy advocate, Kiyosaki has been a proponent of entrepreneurship, business education, investing, and that comprehensive financial literacy concepts should be taught in schools around the world. Kiyosaki also maintains a monthly column on Yahoo Finance.
Early life and career
A fourth-generation Japanese American, Kiyosaki was born and raised in Hilo, Hawaii. He is the eldest son of Ralph H. Kiyosaki (1919–1991), a prominent academic and educator and Marjorie O. Kiyosaki (1921–1971), a registered nurse.
After graduating from Hilo High School in 1965, Kiyosaki attended the United States Merchant Marine Academy in New York, graduating with the class of 1969 as a deck officer. After graduating from college in New York, Kiyosaki began his career by taking a job with Standard Oil's tanker office as a third mate sailor. Kiyosaki resigned after 6 months to join the Marine Corps. He served in the Marine Corps as a helicopter gunship pilot during the Vietnam War in 1972, where he was awarded the Air Medal. Kiyosaki was honorably discharged from the Marine Corps in June 1974. He then joined Xerox as a sales associate until June 1978.
In 1977, Kiyosaki entered the retailing industry. He started a company that brought to market the first nylon and Velcro "surfer" wallets. In the early 1980s, Kiyosaki started a business that licensed T-shirts for heavy metal rock bands such as Mötley Crüe. The company went bankrupt in 1985.
In 1994, Kiyosaki left the Money and You program in Australia. In 1994, he retired at the age of 47. In 1997, he launched Cashflow Technologies, Inc., a business and financial education company which owns and operates the Rich Dad and Cashflow brands.
Kiyosaki has 3 younger siblings: Emi Kiyosaki (b.1948), Jon Kiyosaki (b.1949), and Beth Kiyosaki (b.1951). Emi Kiyosaki, is a former Tibetan Buddhist nun who was then known by the name Ven. Tenzin Kacho. He has co-authored one book with Emy called "Rich Brother, Rich Sister".
Kiyosaki divorced his first wife, named Janet, in 1981. Kiyosaki and Kim Meyer were married in November 1986, in La Jolla, California. Kim Kiyosaki, is now an entrepreneur, investor, author, and motivational speaker. Since 1994, the Kiyosakis have lived in the Scottsdale area in Phoenix, Arizona.
||This article's Criticism or Controversy section may compromise the article's neutral point of view of the subject. (October 2014)|
Kiyosaki's books and teachings have been criticized for emphasizing anecdotes and containing nothing in the way of concrete advice on how readers should proceed or work. Kiyosaki responds that his material is meant to be a motivational tool to get readers thinking about money rather than a guide to wealth. He also says the books are supposed to be "interesting" to people, which does not involve a lot of technical material.
In 2010, the Canadian Broadcasting Corporation investigated the Rich Dad seminars associated with Kiyosaki on their consumer advocacy program, Marketplace. They found that one-day free seminars were conducted at which three-day courses were offered for $500. At the three-day classes, participants were offered longer courses priced between $12,000 and $45,000. A hidden camera was employed at a $500 seminar in Kitchener, Ontario, showing the trainer, Marc Mousseau, advising participants to request that their credit-card limits be raised and giving out scripts with instructions on how to ask for limits as high as $100,000.
The show interviewed Bob Aaron, a lawyer whose practice is 90% real estate law, who said that some of Mousseau's advice was unusual and unlikely to work, such as advising that a developer might give two condos free when selling ten, getting an option to buy the house at a later date, and buying a house in pre-foreclosure. The program also found a claim by the trainer to be untrue; he claimed to have been part of a deal that made $32 million on a mobile home park in Saskatchewan, but the park did not exist. The instructor was described as "overbearing, obnoxious, and rude" by an attendee, after showing video footage of his behavior.
- John Thomas Didymus (October 13, 2012). "Robert Kiyosaki, author of Rich Dad Poor Dad files for bankruptcy". Digital Journal. Retrieved November 20, 2012.
- Jill Krasny (10/12/2012). "Rich Dad, Poor Dad' author files for bankruptcy". MSNBC/Businessinsider. Retrieved November 20, 2012. Check date values in:
- Donald Trump (November 1, 2006). "Trump and Kiyosaki on Building Business Wealth". Entrepreneur.
- "ABC News: Who Wants to Be an Entrepreneur?". Abcnews.go.com. 2006-05-19. Retrieved 2014-07-10.
- Kiyosaki, Robert (December 23, 2010). "The eye of the recession's storm – Yahoo!7 Personal Finance". Au.pfinance.yahoo.com. Retrieved 2012-03-12.
- "Get financial education tips from Kim and Robert Kiyosaki here". Richdad.com. March 8, 2012. Retrieved 2012-03-12.
- "Our Experts – Robert Kiyosaki – Yahoo!7 Personal Finance". Au.pfinance.yahoo.com. Retrieved 2012-03-12.
- Burnett, Mack III. "Hanging With My Rich Dad – An Interview With Robert Kiyosaki". Retrieved 12 August 2015.
- "What Are You Working For - A Financial Education or a Job?". Rich Dad Blog. Retrieved 6 May 2015.
- "Na plovárně: 7. 11. 2010 – iVysílání – Česká televize". Ceskatelevize.cz. Retrieved 2012-03-12.
- 01/11/2002 08:16 AM EST (2002-02-01). "Meet the Street: Rich Dad, Rich Author". Web.archive.org. Retrieved 2014-07-10.
- Poor Man's Prophet Robert Kiyosaki, author of Rich Dad, Poor Dad says that everything you've been told about money is a lie. Is his vision setting us on the right track–or is it just more financial snake oil? http://money.cnn.com/magazines/moneymag/moneymag_archive/2003/01/01/334706/index.htm
- "Robert T. Kiyosaki: Personal Finance Expert and Best Selling Author of Rich Dad Poor Dad". Strategic Business Stream. Retrieved 6 May 2015.
- "Entity Details – Secretary of State, Nevada". Nvsos.gov. Retrieved 2014-07-10.
- "Trademark Electronic Search System: RICH DAD". Tess2.uspto.gov. Retrieved 2014-07-10.
- "Trademark Electronic Search System: CASHFLOW". Tess2.uspto.gov. Retrieved 2014-07-10.
- Sing, Terrence (July 13, 2003). "Writer ignores critics of his self-help success".
- "Rich Dad, Poor Dad by Robert Kiyosaki". Woopidoo.com. Retrieved 2014-07-10.
- "Road to Rich Dad: Who's getting rich off Rich Dad?". Marketplace (CBC). January 29, 2010.
- "'Rich Dad' seminars deceptive: Marketplace". CBC News. February 1, 2010.
- "About Aaron and Aaron". Aaron and Aaron Barristers and Solicitors. Retrieved February 3, 2010.
- Carbonara, Peter; Joan Caplin (January 1, 2003). "Poor Man's Prophet Robert Kiyosaki, author of Rich Dad, Poor Dad says that everything you've been told about money is a lie. Is his vision setting us on the right track–or is it just more financial snake oil?". MONEY Magazine. Retrieved 2008-07-28.
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