Robert Kiyosaki’s Financial Claims and Business Collapse

Robert Kiyosaki, author of *Rich Dad, Poor Dad*, has publicly declared that he is $1.2 billion in debt. He also asserts that his personal cash flow reaches roughly $250,000 per month from investments in real estate, oil wells, gold mines and other ventures. In 2012, his company Rich Global LLC— which marketed seminars based on the book’s teachings—filed for bankruptcy after a judge awarded $24 million in damages to a former business partner.

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First published in 1997, *Rich Dad, Poor Dad* has sold more than 44 million copies and been translated into at least 43 languages. The book’s premise contrasts the financial lessons Kiyosaki attributes to his best friend’s father (“the rich dad”) with those of his own father (“the poor dad”).

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• $1.2 billion – debt Kiyosaki says he owes.

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• $250,000 per month – income Kiyosaki claims to generate.

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• $24 million – damages awarded to a former partner, prompting Rich Global LLC’s 2012 bankruptcy.

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• 44 million copies sold – total worldwide sales of *Rich Dad, Poor Dad*.

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• 43 languages – number of translations of the book.

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Kiyosaki has framed his debt as a byproduct of aggressive investment and business expansion, emphasizing that his cash-flow strategies remain intact despite the liabilities. He has also referenced the 2008 legal battle with co-author Sharon Lechter over the book’s copyright, noting that the dispute ultimately left him listed as the sole author.

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• “If you want to know about it, call my fucking attorneys,” — Robert Kiyosaki — Robert Kiyosaki, author of *Rich Dad, Poor Dad*

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