When you make millions giving financial advice to other people, the last thing anyone expects is for you to go bankrupt. Robert Kiyosaki, author of the best-selling book, “Rich Dad, Poor Dad,” has filed for bankruptcy. Kiyosaki made the move after being wiped out by a $24 million dollar lawsuit that he lost to the Learning Annex.
Kiyosaki’s Rich Global LLC filed for bankruptcy after being ordered to pay nearly $24 million to the Learning Annex and its founder and chairman, Bill Zanker.
US District Judge Shira A. Scheindlin in April ordered Rich Global to pay up $23,687,957.21 after a jury ruled Kiyosaki must give the Learning Annex a percentage of his profits after using their platform for speaking engagements, including a 2002 gig at Madison Square Garden. Rich Global filed for bankruptcy in Wyoming on Aug. 20.
Zanker told us, “I took Kiyosaki’s brand and made it bigger. The deal was I would get a percentage, and he reneged. We had a signed letter of intent. The Learning Annex is the greatest promoter. 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.’ ” This has taken years in court. I won even more money than I asked for from the jury, then he declared corporate bankruptcy. Oprah believed in him, and Will Smith believed in him, but he didn’t keep his promise to us.”
“Robert and [wife] Kim are not paying out of personal assets. We have a few million dollars in this company, but not 16 or 20. I can’t do anything about a $20 million judgment . . . We got hit for what we think is a completely outlandish figure.”
Sounds like Kiyosaki won. He didn’t declare personal bankruptcy, just some defunct company with no money. Smart Dad after all.
Tim Anderson's Wife & Mistress Seemingly Trade Shade, Other Woman Wonders Why Anderson Won't Defend Her---'He Swear He Love Me'
Your Weekly Helping Of Tidday Meats & Treats On The Gram
Thirty-FINE: Karrueche Shakes Her Birthday Cakes At Baddie Bash With Coco Jones, Janelle Monáe, Christina Milian & More
Searching For A Real Bruv? Mary J. Blige’s Viral Interaction With Skivvies-Sizzling Rapper Skepta Sparks Hilarious Chaos
So Sad: DC Young Fly's Longtime Love Ms Jacky Oh Dies At 32
Da’Naia Jackson Admits She Studied The Bodies Of The Women Her Ex-Husband Derrick Jaxn Cheated On Her With
Picture Perfect Poster Girl: Taylour Paige Stars As "Boogie's" Leading Lady
Put On Blast: #LAMH Star Melody Shari Reacts To Martell Holt's Alleged 'Revenge Porn' Plot
Bossip Comment Policy
Please read our Comment Policy before commenting.