Guru and Author of ‘Rich Dad, Poor Dad’ Robert Kiyosaki Files Bankruptcy
We are not sure many can believe this news; especially since he was the one who so loudly preached that people just don’t know how to manage their money.
Read the details below from the NY Post:
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.
Learning Annex founder Bill Zanker stated,
“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.”
Wow! Its a wonder why we never believed in this guy. It was just something about him that did not rub is right and now we know. We thank God the Learning Annex reached a sizable judgement in their favor. The scoundrel needs to pay!!