Entrepreneurs

Robert Kiyosaki Net Worth

Published

2 years ago

Apr 9, 2023

Net Worth:	$100 Million
Age:	78
Born:	April 8, 1947
Gender:	Male
Height:	1.70 m (5 ft 7 in)
Country of Origin:	United States of America
Source of Wealth:	Entrepreneur
Last Updated:	Aug 17, 2025

Table of Contents

Introduction

Robert Kiyosaki is an American real estate investor and author with an estimated net worth of $100 Million.

Legal Issues & Lawsuits

In 2007, Kiyosaki was sued by his long-time business partner and co-author of Rich Dad Poor Dad, Sharon Lechter. The lawsuit, filed in Nevada, accused Kiyosaki of breach of contract, unjust enrichment, and breach of fiduciary duty. Lechter alleged that Kiyosaki had diverted assets away from their joint ventures without disclosure or agreement. Lechter claimed that she had been denied her rightful share of profits generated by the brand she helped co-create and build. The lawsuit was quietly settled in September 2008, and the terms of the agreement were never made public. Kiyosaki retained complete control of the brand, while Lechter left the Rich Dad Company following the settlement.

However, Rich Dad Poor Dad was not the only venture under scrutiny. Kiyosaki’s seminars have also been in the legal spotlight. While marketed as educational workshops, many attendees have alleged that the events are high-pressure sales funnels.

The most serious complaint came in 2011 when Robert Crewe filed a class-action lawsuit against Rich Dad Education. According to the lawsuit, seminar attendees were enticed by introductory sessions at a low cost of $199. However, Crewe claimed that aggressive upselling tactics were used to encourage attendees to buy more advanced courses for between $12,000 and $60,000. The suit claimed it was a bait-and-switch operation, as the core educational content was minimal, while the real focus was on pushing more expensive programs.

In response to complaints, the Florida Attorney General’s Office launched an investigation into Rich Dad Education’s practices. In 2013, Kiyosaki’s company eventually agreed to a settlement and paid $500,000 in penalties and $194,000 in restitution. Although no wrongdoing was legally established, the controversies tarnished the Rich Dad brand’s reputation.

Rippers Bankruptcy

In 1977, Kiyosaki launched his first company called Rippers. The business sold wallets made from nylon and Velcro, which were inspired by the surfer community. The company received early attention and was featured in national magazines. However, despite the initial buzz, Rippers struggled to make any money.

Although the exact date isn’t known, Rippers eventually filed for bankruptcy around 1979. This was due to its inability to compete with foreign manufacturers and sustain its production costs. After Rippers folded, Kiyosaki briefly worked as a sales associate at Xerox while exploring other business ideas.

Rich Global, LLC Bankruptcy

Over the following decades, Kiyosaki built the Rich Dad brand into a global enterprise. However, the success came with some complications. In 2011, a company called The Learning Annex filed a lawsuit against Kiyosaki’s company, Rich Global, LLC. The Learning Annex had helped organize Kiyosaki’s speaking engagements. They claimed that Rich Global, LLC. owed them a percentage of the profits generated by the engagements.

In July 2012, following a hearing, a New York court awarded The Learning Annex $14.6 million in damages. A month later, on August 20, 2012, Rich Global LLC filed for Chapter 7 bankruptcy in a Wyoming court. The filing revealed that the company had only $1.8 million in assets, which was insufficient to cover the court-ordered judgment. Kiyosaki faced a significant financial scandal when Rich Global LLC filed for bankruptcy.

This event drew widespread attention because Kiyosaki is known for teaching financial independence and wealth-building strategies. However, Kiyosaki himself did not declare personal bankruptcy. The filing applied only to Rich Global LLC; therefore, he was able to shield his wealth through the use of legal corporate structures. The Rich Dad brand was transferred to a separate corporate entity and continues to operate.

Divorce Settlement

Kiyosaki has been married twice, though little is known about his first marriage, which ended in divorce in 1979. Kiyosaki’s second marriage to Kim Kiyosaki ended in divorce in 2017. His wife left after allegedly announcing that she had had enough. Their divorce was complex as they had to separate both personal and business assets. Kim was his business partner and had reportedly played a crucial role in building the Rich Dad brand.

The couple had no children, and due to their business interests, the settlement likely involved expert appraisals and legal negotiations. While the terms of the divorce were not made public, Kiyosaki retained a large portion of their business empire, and the divorce appeared to be amicable, as they remain friends.

Philanthropy

Kiyosaki frequently emphasizes that true wealth involves giving. In his Rich Dad blog, he urges people to budget for charity and teaches that giving enriches the mindset and attracts abundance. However, despite those teachings, very little is known about Kiyosaki’s philanthropic endeavors.

Yet, on October 24, 2019, he made a public donation to the Singapore Red Cross during their 70th anniversary celebrations. Kiyosaki contributed S$10,031 (approximately $7,200 at the time) to support their work with vulnerable families and communities in Singapore. Kiyosaki also spoke at a lunchtime Q&A as part of the same event, answering questions from Aseem K Thakur, co-founder of GIVE.asia.

While Kiyosaki’s philanthropic efforts may be small, in this instance, he demonstrated his conviction that giving is a path to both financial and personal fulfillment.

Highlights

Here are some of the best highlights of Robert Kiyosaki’s career:

The Founder of Rich Global LLC
The Founder of Rich Dad Company
Rich Dad Poor Dad (Autobiography, 2000)

Entrepreneurs

Rich Paul Net Worth

Published

3 weeks ago

Jul 24, 2025

Dan Western

Net Worth:	$120 Million
Age:	43
Born:	December 16, 1981
Gender:	Male
Height:	1.85 m (6 ft 1 in)
Country of Origin:	United States of America
Source of Wealth:	Sports Agent
Last Updated:	Aug 16, 2025

Table of Contents

Introduction

Rich Paul is an American professional sports agent with an estimated net worth of $120 Million.

As the founder and owner of Klutch Sports Group, Rich Paul manages contracts for almost 200 professional athletes across basketball, baseball, football, and soccer. The company manages several billion dollars in contract value at any one time, taking a commission of between 3% and 5% on each negotiated contract.

Klutch Sports Group

In 2012, Rich Paul launched Klutch Sports Group, a sports agency responsible for managing professional athletes and their contract negotiations. When the company was first founded, Klutch Sports focused primarily on the NBA, but gradually expanded into half a dozen sports leagues, including the MLB, MLS, NFL, and WNBA. They were initially headquartered in Cleveland, Ohio, but later established their headquarters in Beverly Hills, California. Based on the most recent information available, Klutch Sports now has locations in Atlanta, Cleveland, Nashville, New York, and Los Angeles.

Expansion by Acquisition

Although Rich Paul initially focused on the NBA, the company’s growth allowed him to expand into other sports. Instead of entering new leagues from the ground up, Klutch Sports focused on acquiring notable agencies that held a larger number of clients from a particular sport. Unfortunately, none of the financial details from each of the company’s acquisitions has been publicly disclosed, but here’s what we do know:

2020 – Tidal Sports Group (MLB)
2020 – Revolution Sports Agency (NFL)
2023 – Elite Athlete Management (NFL)
2023 – Rep 1 Baseball Agency (MLB)
2024 – ROOF (European soccer)

With all of these acquisitions, Klutch Sports was able to bring in all of the companies’ former clients. For the MLB agencies, Tidal Sports Group and Rep 1 Baseball, Klutch Sports added clients such as Alex Bregman, Marcus Stroman, Rafael Devers, and Devin Williams.

As for the two NFL agencies, Revolution Sports and Elite Athlete Management, the acquisitions added a substantial number of successful players to the Klutch Sports roster. This included:

While these clients were acquired through acquisitions, it’s essential to note the existing NBA client list that Klutch Sports has built since 2012. This list includes heavy hitters such as:

Contract Value & Commission

It’s challenging to evaluate just how much money Klutch Sports holds under management, as this would include the combined value from every active contract of all its clients. This is not just limited to team contracts, but also brand endorsement deals. In 2021, TIME magazine listed Klutch Sports among the top 100 most influential companies of the year, reporting over $1.8 billion in contracts under management for clients in the NBA and NFL.

The maximum commission that a sports agent can command from a player’s contract agreement is 4% in the NBA and WNBA. However, for the NFL, the percentage is capped at 3%, and in the MLB, the maximum is 5%. These caps are not expanded to brand endorsements, and agencies typically take a cut of between 10% and 20% for such deals.

Klutch Sports typically sticks to the maximum percentage cap; thus, if their client signs a $100 million contract, the agency can earn up to $40 million (NBA), $50 million (MLB), and $30 million (NFL).

Notable Contract Commissions

As of 2025, Klutch Sports reportedly has nearly 200 professional athletes under management across four separate sports, meaning that a 3-5% commission, even for lower-value contracts, can quickly accumulate. Some of Paul’s most notable negotiations, of course, include his experience managing LeBron, securing multiple agreements valued at over $400 million. At a 4% commission, assuming LeBron earned the full value of the deal, the agency would have earned $16 million.

When Anthony Davis signed a three-year, $186 million contract with the Los Angeles Lakers, Klutch Sports potentially earned $7.4 million in commission.

Other notable deals include:

Fred VanVleet – $130 million (estimated $5.2 million commission)
Draymond Green – $100 million (estimated $4 million commission)
Jerami Grant – $160 million (estimated $6.4 million commission)

Real Estate

Paul owns a beautiful home in Los Angeles, which he purchased for $4.35 million. It’s a traditional home, featuring six bedrooms and five and a half bathrooms.

Entrepreneurs

Joel Glazer Net Worth

Published

4 weeks ago

Jul 20, 2025

John Mulder

Net Worth:	$1 Billion
Age:	58
Born:	March 31, 1967
Gender:	Male
Height:	1.73 m (5 ft 8 in)
Country of Origin:	United States of America
Source of Wealth:	Entrepreneur
Last Updated:	Aug 16, 2025

Table of Contents

Introduction

Joel Glazer is an American businessman and part of the Glazer family with an estimated net worth of $1 Billion.

The family controls First Allied Corporation and the Zapata Corporation, as well as the Tampa Bay Buccaneers of the NFL and England’s Manchester United Football Club. Glazer was born in Rochester, New York.

Quick Facts

Estimated 16.7% stake in Tampa Bay Buccaneers valued at $900 million
Acquired 68% of Manchester United for £800 million in 2005
Remaining 47% stake in the club is valued at over $1 billion

Tampa Bay Buccaneers Acquisition

In January 1995, Joel’s father, Malcolm, secured an agreement to purchase the NFL’s Tampa Bay Buccaneers after the former owner, Hugh Culverhouse, had passed away in August of the prior year. As it turns out, Malcolm had been desperate to own an NFL team, and in 1993, had put in a bid to bring an NFL team to Baltimore. Back then, the Ravens didn’t exist, but unfortunately, Malcolm’s bid was rejected.

Finally, he was able to acquire the Buccaneers for approximately $192 million and placed both of his sons, Joel and Edward, in leadership positions. Joel was 28 years old at the time.

Thirty years later, and here we are; the franchise remains in the hands of the Glazer family, with ownership split among the six siblings. The exact split has never been confirmed, but just assuming it’s an even split, Joel would own roughly 16.7%. In August 2024, Forbes valued the team at $5.4 billion, which is a whopping $5.2 billion more than their father paid. Assuming Joel has always held a 16.7% stake, in 1995, it would have been worth roughly $32.06 million, and by 2024, it had grown to $901.8 million.

Manchester United Acquisition

In May 2005, Joel Glazer and his family negotiated a deal to acquire 68% of the English Premier League soccer club, Manchester United. The acquisition, made through their company Red Football Ltd, was worth a reported £800 million (approximately $1.46 billion at the time). This would have placed the club’s valuation at roughly £1.18 billion ($2.15 billion).

The purchase initially put Manchester United under a heavy financial burden, as much of the £800 million was secured by borrowing against the club’s assets. It has been reported that this led to the club holding significant debts, owing £60 million per year in interest payments alone.

Although Manchester United is no longer a dominant force in the English Premier League, they were the league’s strongest club for seven years following the investment. In five of those years, they won the league, finishing second in the other two. As a result, the club’s value has increased significantly over the past two decades.

In December 2023, INEOS, led by billionaire Jim Ratcliffe, acquired 25% of the club’s A and B class shares at $33 per share. Since then, he’s increased his overall stake to roughly 28.9%.

As of May 2025, Joel Glazer holds a remaining stake of 43%, and the club’s market valuation is approximately $2.4 billion. This would equate to Glazer’s stake being worth an estimated $1.03 billion.

Philanthropy

Glazer supports various charities. His family founded the Glazer Family Foundation, which is dedicated to supporting children in the Tampa Bay area through various charitable initiatives.

Entrepreneurs

Ma Huateng Net Worth

Published

4 weeks ago

Jul 20, 2025

Dan Western

Net Worth:	$31.4 Billion
Age:	52
Born:	October 29, 1971
Gender:	Male
Height:	1.65 m (5 ft 5 in)
Country of Origin:	China
Source of Wealth:	Entrepreneur
Last Updated:	February 15, 2024

Table of Contents

Introduction

Ma Huateng is a Chinese business magnate, engineer, internet and technology, and philanthropist with an estimated net worth of $31.4 Billion.

Huateng is the chairman, founder, and chief executive officer of Tencent, Asia’s most valuable company, and one of the world’s largest Internet and technology companies.

Quick Facts

Holds an 8.7% stake in the Chinese tech company Tencent
Typically earns between $6 million and $8 million in annual compensation
Peak estimated net worth of $65.8 billion in 2021

Net Worth History

Year	Net Worth
2009	$3.5 Billion
2010	$4.4 Billion
2011	$5 Billion
2012	$6.4 Billion
2013	$12.1 Billion
2014	$13.4 Billion
2015	$16.1 Billion
2016	$16.6 Billion
2017	$24.9 Billion
2018	$45.3 Billion
2019	$38.8 Billion
2020	$38.1 Billion
2021	$65.8 Billion
2022	$37.2 Billion
2023	$35.3 Billion
2024	$31.4 Billion
2025	$46.2 Billion

Although almost all of Huateng’s wealth has been generated through his ownership stake in Tencent Holdings, the percentage has gradually been reduced over time. This is primarily due to minor share sell-offs and the addition of new investors. At the time of the company’s founding, Ma Huateng owned 47.5% of the company. Over time, this has been reduced to an estimated 8.7%.

In 2009, Huateng’s net worth was estimated at approximately $3.5 billion. However, in 2012, Tencent’s market cap exploded to over $50 billion thanks to the growth of WeChat, the Chinese equivalent of WhatsApp. As a result, Huateng’s net worth almost doubled throughout the year, from $6.4 billion to $12.1 billion.

Tencent’s valuation continued to increase dramatically over the next several years, reaching $563 billion in 2018, with Huateng’s stake worth an estimated $45.3 billion. In recent years, China has proposed and introduced new, stricter regulations on the gaming industry, which have significantly affected Tencent’s market cap on more than one occasion.

In 2018, Chinese regulators introduced regulations requiring new games to receive approval from authorities before being released. Since 30% of Tencent’s revenues come from the online gaming industry, its valuation took a massive hit, wiping out over $200 billion in just nine months. Huateng’s net worth would have dropped significantly between 2018 and 2019; however, towards the end of the year, the company began recovering at a steady pace.

Tencent reached a new peak market capitalization of $916 billion in 2021, but suffered setbacks again from the Chinese government. The government proposed a new rule to curb the amount of money players can spend on online gaming. Huateng’s net worth went from a peak of $65.8 billion to $37 billion in a single year.

Tencent Compensation

While we don’t have a complete history of Ma Huateng’s annual Tencent compensation, we do have information regarding several recent years. This includes 2020, when he received a total compensation of CNY 58.74 million, equivalent to roughly $8.21 million.

In 2021, reports of his earnings are slightly more transparent, receiving a base salary of CNY 7.33 million ($1.02 million), bonuses of CNY 35.52 million ($4.97 million), plus pension contributions and director bonuses totaling CNY 1.26 million ($176,000). In 2023, Huateng earned a total compensation of CNY 42.92 million ($6 million).

All things considered, it appears that Ma Huateng’s total annual compensation from Tencent typically ranges between $6 million and $8 million per year.

Real Estate

Huateng owns a substantial real estate portfolio in Hong Kong, valued at several hundred million dollars overall. This included the 8,000-square-foot Shek O mansion he purchased for HK$480 million ($61.5 million) in 2009. The last known estimate of the property’s value was reported in 2017, at roughly HK$1.9 billion ($245 million).