Robert Kiyosaki, author of the bestselling personal finance book Rick Dad Poor Dad, has revealed that he is associated with about $1.2 billion in debt, largely tied to portfolio of real estate investments.
Kiyosaki has described the borrowing as a deliberate investment strategy, arguing that debt can be used to acquire income-generating assets and build wealth. However, the $1.2 billion figure does not represent Kiyosaki’s personal debt alone.
His former wife and business partner, Kim Kiyosaki, told Vanity Fair that the debt is connected to roughly 1,500 apartment units owned with business partners. She said Kiyosaki’s personal share of the liability is significantly smaller.
Vanity Fair estimated his individual share could be between $30 million and $60 million, based on his reported income.
Kiyosaki has repeatedly promoted the use of what he calls “good debt” to acquire assets, while warning people not to copy his strategy without proper financial knowledge and understanding of the risks.
His business partner, Kim Kiyosaki, clarified that the debt is tied to their broader real estate portfolio — which includes around 1,500 apartment units held alongside business partners meaning his personal liability is significantly lower.
The 79-year-old became known following the publication of Rich Dad Poor Dad in 1997, a book that has sold more than 44 million copies.
-9News Nigeria.
