Robert Kiyosaki Net Worth: The Story Behind The Rich Dad Poor Dad

Robert Kiyosaki

Robert Kiyosaki

I don’t know if this is true to everyone, but the big story of right now is the way we look at money and how that translates into how successful we are


Robert Kiyosaki is single-handedly responsible for changing the way we view money forever.


When we think of groundbreaking entrepreneurs, our minds often drift towards names like Tai Lopez and Grant Cardone


What we don’t realize is that there have been people like Tony Robbins, Dean Graziosi, and Robert Kiyosaki paving the way for this kind of thinking.


Years ago, our grandparents and their parents taught us to go out, get a job, work hard, and save all your money. That was the path to freedom, and that was the true meaning of the American dream.


What we didn’t realize was that there were other options available, there were ways to put our money to work and change our mindset so that we don’t have to work our entire lives wishing and hoping for retirement at the end.


One person responsible for this way of thinking is Robert Kiyosaki


In this article, we’ll talk about Robert Kiyosaki’s net worth, his upbringing, and some of his teachings that can help you adopt this winning mindset.

1. Robert Kiyosaki early life and childhood

Robert did not have this incredible upbringing, where he was handed riches and given all the tools to succeed. 


In fact, the success story and strategies that he preaches are the polar opposite of what his family taught him.


He was born in Hawaii to a well-educated father who was a professor at the local college. 


He is of Japanese-American descent. He received his education from Hilo High School, and he later attended the U.S Merchant Marine Academy, where he graduated in 1969.


When he finished his education, he worked on merchant ships, which granted him the luxury of traveling all over the world. 


These journeys allowed him to experience different cultures, and seeing how the other 99% of the world lived their life was an eye-opening experience for him.


Robert witnessed extreme poverty first hand, and it made an incredible impact on his life. He wondered why these people were so poor


Was it just their upbringing, and they had no control over it? Or was it money and how they viewed it?

2. Robert Kiyosaki early-mid career

Robert Kiyosaki quote

Robert served in the Vietnam War as a helicopter Gunman in the Marine Corps, where he received the Air Medal. 


Following his military service, he moved to New York and took a position as a salesman for Xerox through the mid to late 70s.


He was able to earn and save enough money to start his own company in 1977. He started a velcro wallet company but didn’t pay enough attention to the quality of the product


Robert focused so much on cutting costs and maximizing profits that it eventually led to bankruptcy.


In the 1980s, Robert took another crack at starting his own business when he created a printed t-shirt company focusing on heavy metal bands. 


As you can likely understand, that trend quickly went south when the demand for heavy music started to deplete in the mid-80s, and the company went insolvent.


Robert was lucky enough to make enough money from the t-shirt venture to start investing in stocks and real estate


Unfortunately, due to the failed businesses he created, he was left with a lot of debt and not enough money to cover it. To repay his debts, he ended up broke and homeless.


One thing interesting about Robert’s story is that he never lets these failures get him down. We see it time and time again. 


The greatest success stories always start with a relentless mentality that embraces failure as lessons, and this is true to Robert’s story.


Instead of staying down and out, he decided to embrace his situation by teaching others how to avoid bankruptcy and manage their finances modestly.


At this time, he began working as a motivational speaker, and paired with timing and charisma, Robert turned this into a multi-million dollar business until his retirement in 1994.

3. Robert Kiyosaki net worth 2020

Robert Kiyosaki net worth

It is said, according to wealthygorilla, that Robert Kiyosaki has a net worth of $80 million as of 2020. So, where did all this wealth come from?


The influx of income started with his speaking engagements through the 1990s


Even when most of his businesses were experiencing turmoil, and he was filing for bankruptcy, he was still having success and making money with his speaking.


Some people have criticized him for this and said that it was unethical to file for bankruptcy in his business life. 


His speaker career was making so much money, but to some who understand the foundations of capitalism, say it was a strategic move on his part.


You can think of that; however you like, but the man knows how to manage his money, and he knows how to use the system to work in his favor.


In addition to his speaking career, Robert wrote many successful best selling books such as Rich Dad Poor Dad and the CASHFLOW quadrant, which we will discuss in detail in the next section.


In 2002, Robert bought a silver mine in South America, and he also owns a gold mining company in China. 


It’s not said how much money he makes from these two assets, but I see it as more of a long-term asset rather than a cash flow generating machine.


In 2010, he also revealed that he is involved in the ownership of apartment complexes and hotels.

4. Robert Kiyosaki books

While his speaking engagements and business involvement are what made him most of his money, his books are what put his name on the map


One award-winning finance book that will never disappear from the shelves is, Rich Dad Poor Dad


In this section, let's talk about some of his most popular books and what they teach readers.

4.1. Rich Dad Poor Dad

Rich Dad Poor Dad

In this book, Robert talks a lot about his own father as the “poor dad,” and he creates a fictional “rich dad” to discuss how the habits of each dad differ.


He breaks the paradigm that says you need to earn a lot of money to consider yourself rich and that the richest people don’t store or save their money, but instead, they take their money and get rid of it so it can work for them.


As you can likely guess, this type of mentality is a huge shift from what older generations teach on how you need to save and compound your money over time


Robert Kiyosaki is telling you to do the opposite. Get rid of your money, don’t keep it in the bank, get it out there into the world and start putting it to use.


There are a few big lessons that you can learn from this book. 


He teaches:

  • The bottom 99% of the world work for their money while the rich let their money work for them.
  • It has nothing to do with how much money you make; instead, it’s much more important to focus on how much money you keep.
  • Poor people acquire liabilities that they think make them rich while the rich people acquire assets that continue to make them money.
  • People who know and understand finances know what to do with their money to make them more money. They also know how to keep people from taking your money.
  • The most powerful tool you have is your mind.

One underlying theme of this book that really stands out to me is when Robert says, “there is a difference between being poor and being broke. Broke is temporary, poor is eternal.”


That’s an interesting way to look at it. 


He’s saying that people who are poor are poor forever, not because of how much money they make or how they spend it, but because of their mentality of money


It’s the way they look at the money that makes them poor.

4.2. The Cashflow Quadrant

The Cashflow Quadrant

The concept of the cashflow quadrant is one of the most revolutionary teachings of all time


Entrepreneurs and business coaches all over the world teach this when trying to understand the different types of mentalities and approaches to making money.


Let’s break this down.


On the left side, you have E and S. These people pay the most in taxes, and they trade their time for their money. While they have similarities, they have some significant differences as well.

E = Employee

Employees are people who crave security, and these are often people who get stuck in the “golden handcuffs” as many like to call it


They want security in knowing they have a guaranteed paycheck coming each week, and they use their money to purchase liabilities that they then need to continue to work to pay for.


When these people need more money, they go to their employer for a raise, or they look for a higher paying job.

S = Self Employed

Self-employed people have a higher tolerance for risk, but they still like security to a certain extent. 


For that reason, these people like to be in control of their lives, but they don’t own a business, they own a job. They still have to sacrifice their time, and when they’re not working, they’re not making money.


Now let’s move to the right side of the quadrant. Over here, you have B and I. These people pay the least taxes, and they have assets that produce cash around the clock.

B = Business Owner

The main difference between B and S is that B uses systems and processes to generate cash flow


They don’t need to be present in their business for it to run and make them money. They hire people who have the skills they don’t possess, and they do the work for them.


Business owners are risk-takers to most people, but for the person owning the business, they don’t see it that way


They see the employees as the biggest risk-takers because they’re putting their lives into the hands of someone else who wouldn’t care if they lived or died.

I = Investor

Investors are the highest financially educated people in the quadrant. These individuals receive a steady income from using other people's money to obtain assets


They then compound that effect, and as a result, enjoy the most money in tax breaks, they don’t have to work, and they don’t have to manage employees.


These are Robert's two primary teachings and the ones that have made him the most money in his life


By implementing the lessons from Rich Dad Poor Dad and the Cashflow Quadrant, you can increase your financial aptitude and learn how to think differently about money. 


I highly recommend both of these books.

5. Robert Kiyosaki tips to take with you

  • “In the real world, the smartest people are people who make mistakes and learn. In school, the smartest people don’t make mistakes.”
  • “It’s not what you say out of your mouth that determines your life, it’s what you whisper to yourself that has the most power!”
  • “It’s more important to grow your income than cut your expenses. It’s more important to grow your spirit that cut your dreams.”
  • “The most successful people in life are the ones who ask questions. They’re always learning. They’re always growing. They’re always pushing.”
  • “Don’t be addicted to money. Work to learn. Don’t work for money. Work for knowledge.”
  • “It’s easier to stand on the sidelines, criticize, and say why you shouldn’t do something. The sidelines are crowded. Get in the game.”
  • “The trouble with school is they give you the answer, then they give you the exam. That’s not life.”

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