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International Business Times UK
International Business Times UK
Business
Chrys Brent Deiparine

Robert Kiyosaki's Debt Explained: 'Rich Dad Poor Dad' Author Reveals He Is $1.2 Billion in the Red

Robert Kiyosaki speaking with attendees at a campaign rally for Andy Biggs for Governor at the Arizona Biltmore in Phoenix, Arizona. (Credit: Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons)

Robert Kiyosaki, the author of Rich Dad Poor Dad, has repeatedly said he is carrying $1.2 billion in debt. But the headline figure does not mean he personally owes $1.2 billion (£890 million), according to his former wife and business partner, Kim Kiyosaki.

Kim told Vanity Fair that the debt is held across real-estate investments involving Kiyosaki and his partners, including a portfolio of roughly 1,500 apartment units. She said Robert's individual share is considerably smaller.

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