Kiyosaki Reveals $1.2 Billion Debt, Warns Against Imitation

Robert Kiyosaki, the 79-year-old author of "Rich Dad Poor Dad," disclosed that he is associated with approximately $1.2 billion in debt due to his extensive real estate investments. Speaking on the "Get Rich Education" podcast, Kiyosaki emphasized that while he is "a billion two in debt," he warned listeners not to replicate his investment strategy without a proper understanding of borrowing for investments.

His former wife, Kim Kiyosaki, clarified that this debt does not imply that he personally owes that amount; instead, it is primarily linked to a property portfolio that includes around 1,500 apartment units and involves their business partners. Vanity Fair estimated Kiyosaki's personal share of the debt to be between $30 million and $60 million, based on his annual income of about $3 million.

Kiyosaki's investment strategy involves leveraging the appreciation of properties to borrow funds without selling them, structuring such borrowing as loans rather than taxable income.