Robert Kiyosaki says he’s $1.2 billion in debt: Why the ‘Rich Dad Poor Dad’ author says his massive borrowing is part of his real-estate strategy

Robert Kiyosaki, the author of Rich Dad Poor Dad, has revealed that he is carrying about $1.2 billion in debt, a figure that may sound alarming at first but does not represent money he personally owes. The financial author has repeatedly discussed the figure while explaining his approach to using debt to acquire assets and build wealth. Much of the borrowing is reportedly connected to a large real-estate portfolio that Kiyosaki owns alongside business partners.

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