Real estate collapse
Search documents
‘Rich Dad Poor Dad’ author drops stark warning on stock market
Yahoo Finance· 2025-11-30 18:47
Core Viewpoint - Robert Kiyosaki warns that the "biggest crash in history" is already underway, despite the S&P 500 nearing record highs, highlighting concerns over an AI bubble and economic instability [1][2][7] Market Conditions - As of November 28, 2025, the S&P 500 was at 6,849.09, close to its 52-week high of 6,920.34 [2] - Kiyosaki points to AI-driven layoffs and global economic jitters as contributing factors to a potential market collapse, particularly in residential and commercial real estate [2][7] Kiyosaki's Background - Robert Kiyosaki is a well-known financial commentator and author of "Rich Dad Poor Dad," which has sold over 32 million copies worldwide [3][4] - He has built a brand around financial education, focusing on leveraged real estate, "good debt," and investments in gold, silver, and Bitcoin [4] Wealth and Influence - Kiyosaki's personal wealth is estimated at $100 million, although he claims to be "over $1 billion in debt" by design [5] - His recent warnings have sparked renewed debate among investors regarding market conditions and potential downturns [6][7]