Seminars consist mostly of advertising for other, even more expensive products or events what little actual advice they do contain is often so bad that it has led to at least one warning from US law enforcement. Rich Dad live events, which cost hundreds of dollars or more, are organized and promoted by independent licensees and are not developed, held or attended by Kiyosaki despite featuring his name and likeness prominently. For many years he promoted Rich Dad through the multilevel marketing company Amway, which continues to endorse and use it as part of recruitment. When confronted, he even admitted to fabricating the very existence of his book's eponymous 'Rich Dad,' but defended himself by describing his work as more motivational than informational. Īlthough they have sold tens of millions of copies and earned praise from celebrities, Rich Dad and its sequels contain numerous factual errors, extremely unlikely anecdotes, and outright self-admitted lies. Putting this advice into practice has yielded Kiyosaki several bankruptcies and lawsuits of his own. Kiyosaki's website hails him as a 'visionary' on a mission 'to elevate the financial well-being of humanity.' These lofty ideals are reflected in his books and lectures, which endorse completely routine and totally ethical practices like strategic bankruptcy, credit card kiting and insider trading. He has since capitalized on its success with more than a dozen sequels, and with Rich Dad LLC, a financial/entrepreneurship-themed brand of software, games, videos and live events. Robert Toru Kiyosaki (1947–) is an American speaker, entrepreneur and real estate investor, most famous as a co-author of the 1997 financial self-help book Rich Dad, Poor Dad.

Robert toru kiyosaki