I came discovered the following article, which was rather interesting:
http://amthrax.wordpress.com/2012/10/12/rich-dad-poor-dad-bankrupt-dad/
12th of October, 2012
Robert Kiyosaki is a well-known businessman.
Robert Kiyosaki, author of the best-selling book "Rich Dad, Poor Dad," has filed for Chapter 7 bankruptcy protection with his Rich Global LLC corporation. He was recently found liable for a $24 million court lawsuit against the Learning Annex, which was an early supporter of Kiyosaki.
For more information, see the New York Post.
Forbes claims that it will have no impact on his financial situation because, among other things, he owns and operates as many as ten additional firms in addition to Rich Global LLC. It makes good business sense for him to keep his personal finances separate from his business finances, but ten businesses? Doesn't it sound like someone we've met in person before?
http://www.nypost.com/p/pagesix/rich dad bankrupt dad UNJgqVDYCEthW1TEAYYwXN
"Robert Kiyosaki, author of the financial self-help book “Rich Dad Poor Dad,” has filed for bankruptcy for one of his firms after losing a $24 million court judgement. Kiyosaki has had a long and prosperous career authoring financial self-help books and giving seminars.
Following a court order to pay roughly $24 million to the Learning Annex and its founder and chairman, Bill Zanker, Kiyosaki's Rich Global LLC filed for Chapter 11 bankruptcy protection.
Earlier this year, a jury found that Kiyosaki was required to give the Learning Annex a percentage of his profits following his use of their platform for speaking engagements, which included a 2002 appearance at Madison Square Garden. US District Judge Shira A. Scheindlin ordered Rich Global to pay up $23,687,957.21 after a jury found that Kiyosaki was required to give the Learning Annex a percentage of his profits following his use of their platform for speaking engagements On August 20, Rich Global filed for bankruptcy in the state of Wyoming."
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