Home · Health · Sep 2 archive
Robert Kiyosaki Claims $1.2 Billion in Real-Estate Debt
Developing
In Short: Rich Dad Poor Dad author Robert Kiyosaki says the debt is tied to his real-estate investments, not personal loans.
Rich Dad Poor Dad author Robert Kiyosaki has disclosed that he is carrying approximately $1.2 billion in debt, a figure he attributes to his real-estate investments, which form a significant part of his wealth strategy.
In an interview with Vanity Fair, Kiyosaki's wife explained that the debt is technically associated with the properties and not personal loans, noting that Robert's personal portion is much smaller.
Kiyosaki's strategy involves borrowing against properties as their value increases, a practice he considers normal among real-estate investors. He told the New York Post, 'If it all comes to hell, you can talk to my attorney,' highlighting his preparedness.
He also emphasized the importance of understanding the nature of the debt, stating, 'I think there’s good debt and there’s bad debt, and then there’s $1.2 billion of debt, which you better know exactly what in the world you’re doing.
Kiyosaki has spent decades building a financial-education business around his book, Rich Dad Poor Dad, which he first self-published in 1997.
What's confirmed
What's still developing
- Rich Dad Poor Dad author Robert Kiyosaki has said he is carrying about $1.2 billion in debt, a figure he says is tied to the real-estate investments that form a major part of his wealth-building strategy.
- Speaking to Vanity Fair, she said the amount should not be interpreted as debt that Robert personally owes.
- “We have a lot of apartment houses with our partners. So technically, yes, we have all this debt,” she said, explaining that the loans are connected to the properties and that Robert’s personal portion is…
- According to Vanity Fair, Robert’s strategy involves borrowing against properties as their value increases.
- “If it all comes to hell, you can talk to my attorney,” Robert told Vanity Fair.
- He told the New York Post that having substantial property-backed debt is “actually very normal” among real-estate investors.
- “I think there’s good debt and there’s bad debt, and then there’s $1.2 billion of debt, which you better know exactly what in the world you’re doing,” he told the Post.
- Kiyosaki has spent decades building a financial-education business around Rich Dad Poor Dad, the book he first self-published in 1997.
Sources
- The Indian Expresslink