Rich Dad Poor Dad Robert Kiyosaki Is Now ‘Bankrupt’ Dad

First we read that Rich Dad poor Dad semianr was a scam, and now we read that this self-proclaimed financial guru Robert Kiyosaki, author  of the 1997 bestselling “Rich Dad Poor Dad” is now a “bankrupt” dad!

So, did you know that Robert Kiyosaki who has taken one of his companies into bankruptcy?

His company Rich Global LLC lost court judgment and was ordered to pay almost $24 million to the Learning Annex and its founder and chairman, Bill Zanker.

So he filed for bankruptcy in August with assets of $1.8 million and debts of $26 million.

Bill Zanker told New York Post, “We put his ‘Rich Dad’ brand on a stage.

We truly prepared him for great fame and riches. But when it was time for him to pay up, he said ‘no.’”

By the way, Bill Zanker and Donald J. Trump wrote a book together called “Think BIG and Kick Ass in Business and Life”.

For those who like to listen to this audio book, you can get it free from this link:

As reported in, Robert Kiyosaki is offering his fans yet another lesson in how the rich are different than you and me: they file for bankruptcy not because of ill health or unemployment related issues, but instead as a strategic business move.

Mike Sullivan, Rich Dad Co. CEO, told New York Post that Kiyosaki would not be putting any of his personal fortune toward the settlement.

After all, this company only has a “few million dollar” left.

In fact, there are claims that there’s little or no documented evidence that Robert Kiyosaki himself has ever successfully implemented the enrichment formula that he taught in his books.

All we read his book that before he made it big in his book, he failed at several prior attempts at entrepreneurship.

His so-called eight-figure net worth real-estate empire has been widely disputed if not debunked by SmartMoney and others.

According to SHAMblog, while Robert Kiyosaki has steadfastly refused to provide any proof (addresses, deeds, etc.); he says he’s afraid of attracting lawsuits from tenants and others who covet a piece of the action.

People have been saying he makes money mainly from his books, seminars and endorsement from Oprah Winfrey.

Some say this bankruptcy case won’t hurt his reputation among his die-hard fans, but probably only among the promoters.

Anyway, from a business point of view, for him, declaring bankruptcy is a smart move for him.

Some even say in jest that Robert Kiyosaki might come up with another bestseller called “How I Safe $23 Million By Declaring Bankruptcy”.

But for those who still wants to read Robert Kiyosaki’s Rich Dad poor Dad, follow this link:

Watch this video clip called “Robert Kiyosaki And Other Scam Artists“.