Robert Kiyosaki
April 8, 1947
Robert Toru Kiyosaki is an American businessman and author, known for the Rich Dad Poor Dad series of personal finance books. He founded the Rich Dad Company, which provides personal finance and business education through books and videos, and Rich Global LLC, which filed for bankruptcy in 2012. Kiyosaki was sued in a class action suit filed by attendees of his seminars, and is the subject of investigative documentaries by the CBC, WTAE-TV and CBS News. In January 2024, Kiyosaki was more than $1 billion dollars in debt.
Kiyosaki was born in 1947 in Hilo, Territory of Hawaii, into a family of Japanese descent. His father, Ralph Kiyosaki, was an educator, Hawaii's superintendent of schools, and a lieutenant governor candidate of the Republican Party. His mother, Marjorie Kiyosaki, was a nurse.
Kiyosaki graduated from Hilo High School, from which he was nearly expelled due to poor grades.
In 1993, Kiyosaki published his first book, If You Want to Be Rich and Happy, Don't Go to School. In his book, he encouraged parents not to send their children to college and instead to enter the real estate business.
In 1997, Kiyosaki founded Cashflow Technologies, Inc., a holding company that owns and operates the Rich Dad and Cashflow brands. Kiyosaki created the Cashflow board and video games to educate adults and children about business and financial concepts.
Kiyosaki settled a lawsuit in 2008 brought by Sharon Lechter, his former business partner, with an undisclosed sum. Lechter said Kiyosaki and his wife had enriched themselves and redirected assets in the business, which the Kiyosakis denied. She sold her stake in Rich Dad Company to them after the settlement and ended the partnership that lasted about 10 years.
(en.wikipedia.org)