‘Rich Dad Poor Dad’ Author Robert Kiyosaki Says the ‘Global Stock Market Is Collapsing’ and Warns ‘Promises Break During Wars’

Robert Kiyosaki is telling his followers that the global stock market is collapsing.

The “Rich Dad Poor Dad” author used recent market volatility in Asia to argue that traditional paper assets are unsafe during geopolitical conflicts. In a March 4 Facebook post, Kiyosaki pointed to severe sell-offs across international exchanges as evidence for his long-standing financial philosophy.

“THE GLOBAL STOCK MARKET IS COLLAPSING,” he wrote.

He specifically highlighted the historic crash in South Korea. The benchmark KOSPI index fell 12% in a single day, marking the worst crash in the index’s recorded history. The drop was steeper than those seen during the 2008 financial crisis and the aftermath of 9/11.

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“South Korea’s KOSPI was the world’s hottest market just 5 days ago,” Kiyosaki noted. “It gained 45% in just 2 months. Analysts at JPMorgan and Nomura were calling for 7,500 and 8,000. Then one weekend of war… and 12% is gone in a single session.”

The sell-off was triggered by escalating conflict in the Middle East, particularly the closure of the Strait of Hormuz by Iran. The strait is a critical choke point for global energy supplies, carrying roughly one-fifth of the oil consumed worldwide.

South Korea relies heavily on foreign oil, making its economy vulnerable to disruptions in the Middle East. Following the news, trading on the Seoul exchange was temporarily halted as circuit breakers tripped. Shares of Samsung Electronics and SK Hynix dropped by 12% and 10%, respectively.

For Kiyosaki, the sudden loss of wealth in South Korea demonstrates the fragility of modern financial markets. “That’s what happens when you build wealth on paper in a world that runs on oil,” he wrote.

He also noted declines in other major indices on the same day. Japan’s Nikkei fell by over 3.6%, Germany’s DAX dropped 3.4%, and the Dow Jones Industrial Average shed 1,200 points at its lowest point during the session. Nearly 90% of all S&P 500 stocks were in the red. Trillions of dollars in market value were wiped out in a matter of days.

Kiyosaki’s argument centers on a distrust of what he calls “paper assets.” He views stocks, bonds, and retirement accounts like 401(k)s as promises made by corporations, governments, and Wall Street.

In his view, those promises fail during geopolitical instability. “Promises break during wars,” he warned.