Although he initially enrolled in architecture and engineering subjects, he eventually graduated with a degree from the School of Communication Sciences at the Universidad de San Carlos de Guatemala (USAC).

At USAC there is a library hall that bears his name. There is also a street named for him in his birthplace, Jocotenango, Guatemala.

In the city of Buenos Aires, Argentina, he met Puerto Rican Leslie Torres and had two children with her: Adria and Ricardo. Later in 2005 they separated.

Leslie Torres, Ricardo Arjona Torres & Adria Arjona Torres.

Leslie, Adria, Ricardo & Ricardo Jr.