Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, has disclosed that he is $1.2 billion in debt. The 79-year-old made the statement while explaining that leveraged investment in income-producing real estate forms the core of his wealth-building method, and he cautioned that most people should not attempt the same strategy without proper preparation.
Speaking on the Get Rich Education podcast, Kiyosaki said: “So, I’m a billion two in debt.” He immediately added: “People should not do what I do, right? But I studied it since 1974. If you’re going to learn to use debt, you’d better take some education.”
His former wife and longtime business partner, Kim Kiyosaki, provided important context in comments to Vanity Fair. She linked the figure to a real-estate portfolio of roughly 1,500 apartment units owned with partners. As a result, the $1.2 billion does not represent Kiyosaki’s personal liability alone; his individual share is substantially smaller.
“Technically, yes, we have all this debt,” Kim Kiyosaki said. She noted that he deliberately uses the large number to grab attention before distinguishing between debt used for investment and debt used for consumption. “He loves to say things that shock,” she added.
Kiyosaki’s approach centers on borrowing against assets to purchase properties that generate ongoing income rather than using credit to finance lifestyle spending.
Financial professionals offered mixed assessments. David Perez, a multifamily real-estate investor and founder of Tax Maverick AI, described the method as standard among serious property investors. He pointed out that tapping equity through borrowing can deliver tax advantages because owners do not always need to sell assets to free up capital.
John Poole, founder of the consultancy JPTD Partners, expressed greater caution about the sheer scale. “I think there’s good debt and bad debt, and then there’s $1.2 billion of debt, which you better know exactly what in the world you’re doing.” He warned that leverage magnifies gains in rising markets but can also amplify losses when conditions worsen. “He may call this the Rich Dad debt, but for the average investor, it could turn out to be Poor Dad bankruptcy really quickly.”
Kiyosaki rose to prominence with Rich Dad Poor Dad, first self-published in 1997. The book has sold more than 44 million copies and launched a broader financial-education business. It contrasts lessons he attributes to his biological father, a Hawaii education official, with those of a friend’s father, a hotel owner he called his “Rich Dad.”
His philosophy emphasizes acquiring cash-flowing assets and understanding how to use debt as a tool. The latest disclosure highlights the inherent tension in that view: the same leverage that can build wealth can also produce large losses if property values decline or income fails to cover obligations.
A story of courage, wonder, and the transformative power of self-belief; perfect for readers aged 10+ who love adventure. To place order: +234 806 130 3237 | +234 803 582 0870 OR Tap the link to grab a copy:https://www.zeekapublish.com/product/the-magical-life-of-anna
