As many investors regard Robert Kiyosaki as somewhat of an authority on the matter, the popular American finance author known for his best-selling personal finance book ‘Rich Dad Poor Dad’ has set his sights on two new investments to add to his portfolio.
Specifically, he announced his “two new billion-dollar investments” as “examples of ‘limitless’ startups” to discuss at the conference organized by his business partner Ken McElroy, which will take place between August 29-31 in Dallas, Texas, according to Kiyosaki’s X post on July 22.
NEW BIILION PROJECTS: At Limitless
I will be speaking on my two new billion dollar investments. These are two examples of “limitless” startups. One project is a billion dollar lithium mining project. It was purchased for only $20.2 million. The second project is a billion…— Robert Kiyosaki (@theRealKiyosaki) July 22, 2024
#1 Lithium mine
As it happens, one of these investments is a $5 billion lithium mine project, which the finance educator started because of the metal’s use in the electronic vehicle (EV) industry, describing it as a “hot new precious metal because EVs such as Tesla (NASDAQ: TSLA) require lithium for their batteries.”
Moreover, Kiyosaki voiced his opinion that “lithium helps save the planet,” comparing the startup to the ‘Green New Deal’ proposals to address climate change, which is why he founded it with fellow entrepreneur Marin Katusa, as Finbold reported on July 1.
According to Kiyosaki, he invested only $20.2 million in this project, turning it into a billion-dollar “limitless” startup called ‘Project Li-FE’ (short for ‘Lithium for the Environment,’), with the lithium mine located in Canada, explaining that such a project “makes investors richer and saves the planet.”
#2 Carbon credits
Furthermore, the ‘Rich Dad Poor Dad’ author said that his second project was a “billion dollar carbon credit project that will save millions of trees and make tree farmers very rich… all over the world,” admitting that this might make him a “tree hugger,” but that he was “also an entrepreneur and capitalist.”
As a reminder, Katusa, the author of the New York Times best-selling book ‘The Colder War,’ discussed carbon credits with Kiyosaki for an episode of the ‘Rich Dad Radio Show,’ back in 2021, explaining, among other things, how much is a carbon credit worth. As he said at the time:
“One carbon credit is the equivalent of taking one ton of carbon dioxide out of the atmosphere. (…) As we’re transitioning from a fossil fuel energy world to a green world, there’s something called reality in the middle that we have to do this transition. And without carbon credits, there is no transition.”
Interestingly, he even said at the time that “carbon credits [are] more important than Bitcoin (BTC),” gold, copper, and the oil market, “which makes up about 5% of global GDP,” and “this is the biggest oil company and oil traders in the world who are saying this, they’re all positioning themselves into it.”
Robert Kiyosaki net worth
It is also worth noting that the investor has long warned about the threat of a worldwide financial crash, particularly in the United States, where the “fake” dollar’s global dominance is eroding, instead suggesting investments into silver, gold, Bitcoin, and other “real assets” contributing to roughly $100 million of Robert Kiyosaki net worth.
Meanwhile, the famous book author has also observed in one of his more recent X posts that the “time to make money in your sleep is arriving now” alongside the “bad times,” building up on his previous argument that a crisis is the best time to get rich.
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