Who Is Robert Kiyosaki? Author Of 'Rich Dad Poor Dad' Who Says 'This Crash May Be The Biggest In History'

Robert Kiyosaki, best known for his book 'Rich Dad Poor Dad', has warned about an upcoming global economic crash, claiming that "the everything bubble is bursting”.

Kiyosaki said that this impending crash could be "bigger than 1929." The financial crisis of October 1929 had triggered the Great Depression era. In a post on X (formerly Twitter) on Mar. 11, he also blamed the alleged "incompetent" leadership in Germany, Japan, and America for the potential crisis.

In his post, he advised people to stay calm and suggested that this "crisis" could be an opportunity for them to acquire assets like real estate, gold, silver and Bitcoin. "Be stoic and be cool no matter how turbulent things get. I will continue to acquire real estate, gold, silver and Bitcoin….on sale," the post added.

This isn't the first time when Kiyosaki has urged people to invest in gold. In 2024, he recommended acquiring gold over cash, while revealing that he had amassed a debt of $1.2 billion. In a post on Instagram, Kiyosaki shared that he was using debt to buy assets. “If I go bust, the bank goes bust….” he was seen saying in an Instagram reel video.

The 77-year-old US author was born in Hilo, Hawaii. He later moved to New York for his graduation from Kings Point Merchant Marine Academy. After that, he worked at Standard Oil before enlisting in the Marine Corps as a helicopter pilot during the Vietnam War, according to his 'RichDad' website.

After his military service, he got a job at the Xerox Corporation, where he became the leading salesperson. His experience eventually motivated him towards entrepreneurship. He then created a company called Rippers. 

During these years, he encountered US architect R. Buckminster Fuller, who is said to have had a profound impact on Kiyosaki. The author credits Buckminster with fuelling his drive to become an educator of entrepreneurship and money.

He wrote ‘Rich Dad Poor Dad’ in 1997 and later founded The Rich Dad Company.