A doozy of an article I came across:
OCTOBER 12, 2012
tags: Robert Kiyosaki
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?
"After a long, lucrative career writing financial self-help books and giving seminars, “Rich Dad Poor Dad” author Robert Kiyosaki has filed for bankruptcy for one of his companies after losing a $24 million court judgment.
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."