Home » News & Articles

Robert Kiyosaki: Not so rich anymore

7 January 2013 488 views One Comment

Robert Kiyosaki

Robert Kiyosaki

Robert Kiyosaki is a writer of the series Rich Dad, Poor Dad financial advice books. It offers its fans to learn lessons on how the rich people are different from ordinary people. They always file for bankruptcy only because it is a strategic move. It is not exactly very illogical that they do it.

The backstory

Rich Global LLC is a corporation with which Robert Kiyosaki has done business with filed for bankruptcy protection this August. It was ordered to pay 24 million dollars to Learning Annex as well as its chairman Zanker.

The Rich Global and Learning Annex had a business partnership, which was signed in 2001. Robert Kiyosaki became its best and featured speaker at Learning Annex expositions. After four years, both companies agreed on developing free seminars and fee based courses. That partnership generated 438 million dollars. Rich Global earned 45 million dollars in royalties. But it never paid its share of profit percentage.

Who is Robert Kiyosaki?

Robert Kiyosaki is a small time wealth advice guru, who has cashed on his financial books. He only gave the advice to his fans that they were not on the right path. They just needed to learn how.  The Rich Dad books shared the secret, which enabled people to make it big in their lives. It shared wealth strategies with his poor readers. There were tips, which were ridiculous as well as illegal to downright wrong. It also advocated inside trading for, which a person could land in jail. He argued buying small and many real estate properties with no money at all. He told the followers they could buy stocks on margin by unfunded brokerage accounts.

Also, Robert Kiyosaki never had a rich dad as he claims.

Trouble for Learning Annex

Learning Annex was one of the first Robert Kiyosaki supporters, which believed in his ideas. It was behind most of its speaking sessions and they were not alone. Apart from that, Oprah Winfrey invited him to her famous Oprah Winfrey Show. Now at this time, Robert Kiyosaki has at least 80 million dollars, which is not bad for writing financial books never to be proven.

Now the poor Mr Robert Kiyosaki does his business with Rich Dad Co. he has left alone Rich Global LLC. It is a corporate bankruptcy and not his own. When the CEO of Rich Dad Co, Mike Sullivan was contacted, he said that Robert Kiyosaki would come out clean with his fortune. Rich Global only had some million dollars in its accounts. Robert Kiyosaki proves to be a phony as his own methods cannot be applied to himself.

One may think that the CEO of Learning Annex, Zanker should have guessed better. Until now, no one has verified if Rich Dad, Poor Dad madeanyone successful. Where did his expert advice come from? Also, no one has seen any vast reserves of money earned by Robert Kiyosaki before he made it big with his financial advice book. It was published in 1997.

One Comment »

  • Law Professionals said:

    Also because, in order to make our years as a child memories appear stylish and occurring, ” hoola-hoops are actually hulu hoops, based on auto-correct.

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.