Rich Dad, Poor Dad, Bankrupt Dad
Robert Kiyosaki, author of “Rich Dad Poor Dad,” has filed for Chapter 7 corporate bankruptcy with his Rich Global LLC company. He recently lost a $24 million court judgment to the Learning Annex, an early backer of Kiyosaki.
Read the NY Post for the details.
Forbes says that it won’t really dent his pocketbook, since — among other things — he operates as many as ten different companies aside from Rich Global LLC. It’s good business sense to separate his personal finances from his business finances, but ten companies? Doesn’t that sound like someone else we know?
[Editor’s note: Updated with link to a Forbes article on Kiyosaki]