Financial Guru, Robert Kiyosaki Files...

Financial Guru, Robert Kiyosaki Files Bankruptcy

Posted in the China Forum

RICH DAD POOR DAD

Brooklyn, NY

#1 Oct 10, 2012
The financial guru behind New York Times bestseller Rich Dad, Poor Dad has filed for bankruptcy on one of his companies after losing a $24 million judgement.
This April, Robert Kiyosaki's Rich Global LLC was ordered to pay $23,687,957.21 to the Learning Annex and its founder and chairman, Bill Zanker.
Kiyosaki had used the Learning Annex platform to organize several high profile speaking engagements, including a 2002 appearance at Madison Square Garden

Rich Dad, Poor Dad, has sold over 26 million copies and earned Kiyosaki widespread fame as a financial commentator and celebrity fans.

The phenomenon: Kiyosaki's book Rich Dad, Poor Dad catapulted him to stardom selling millions of copies and inspiring a new musical in Shanghai this fall
Will Smith said he was teaching his son about financial responsibility by reading the book and Oprah Winfrey endorsed it on her show.
Even Donald Trump liked his advice, co-writing the book Why We Want You to be Rich with Kiyosaki in 2006.
The book is so successful it's inspired a musical, Women Must Have Money, to be staged in Shanghai this November.
'Oprah believed in him, and Will Smith believed in him, but he didn't keep his promise to us,' Zanker said.
Mike Sullivan, CEO of Kiyosaki's Rich Dad Co., told reporters Kiyosaki would not put personal assets towards the judgement and claimed the judgement was far more than Rich Global LLC's value.
'The dealings we had with the Learning Annex were with a company that hasn't been in business for a number of years,' Sullivan said.
'I am not surprised Learning Annex is upset and angry, the money doesn't exist in that company, and we can't bring money out of the group.

Read more: http://www.dailymail.co.uk/news/article-22156...
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Jugun Ianfu

Asia/Pacific Region

#2 Oct 11, 2012
No wonder, all japs are impostor
Snowflake

San Francisco, CA

#3 Oct 12, 2012
He along with Gordon et al said that China would collapsed over and over again. Gordon Chang is at it again, must be the tenth time. We in America have our Benedict Arnolds, does the Chinese have some of those too? Why does GC a Chinese want his own people to fail is beyond me.
RayH

Shenzhen, China

#4 Oct 12, 2012
Snowflake wrote:
He along with Gordon et al said that China would collapsed over and over again. Gordon Chang is at it again, must be the tenth time. We in America have our Benedict Arnolds, does the Chinese have some of those too? Why does GC a Chinese want his own people to fail is beyond me.
Gordon Chang is Chinese Benedict Arnolds. He makes his money selling out to gullible Westerners.

He predicted that the Chinese government would collapse within this year. Get ready to laugh at Gordon in December.
I can read

Edinburgh, UK

#5 Oct 12, 2012
RayH wrote:
<quoted text>
Gordon Chang is Chinese Benedict Arnolds. He makes his money selling out to gullible Westerners.
He predicted that the Chinese government would collapse within this year. Get ready to laugh at Gordon in December.
Wheras you predicted the Japanese government would fall by the end of this month.

Get ready to laugh at Ray.
RayH

Shenzhen, China

#6 Oct 12, 2012
I can read wrote:
<quoted text>
Wheras you predicted the Japanese government would fall by the end of this month.
Get ready to laugh at Ray.
No, I said the Jap Democratic Party led government will get voted out by November. It's now October.
I can read

Edinburgh, UK

#7 Oct 13, 2012
RayH wrote:
<quoted text>
No, I said the Jap Democratic Party led government will get voted out by November. It's now October.
Don't lie Ray, you didn't even mention elections.

You said the Japanese government would collapse within 2 months and you said that last month.
THANKS TO CHINA

Brooklyn, NY

#8 Oct 13, 2012
Well look at it. It is collapsing. The only thing holding it up is trade with China which btw exceeds trade with the US by 5x the amount.

US is next to fall. And China won't help prop it up.
RayH

Shenzhen, China

#10 Oct 13, 2012
I can read wrote:
<quoted text>
Don't lie Ray, you didn't even mention elections.
You said the Japanese government would collapse within 2 months and you said that last month.
Yes, within 2 months from mid-September is November, stupid. And yes, their present government will collapse.
RayH

Shenzhen, China

#11 Oct 13, 2012
THANKS TO CHINA wrote:
Well look at it. It is collapsing. The only thing holding it up is trade with China which btw exceeds trade with the US by 5x the amount.
US is next to fall. And China won't help prop it up.
The trade with China is gone. Thanks to the Chinese consumer boycott of Jap products, Japan's economy will grow -0.8 % this year.

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