Robert Kiyosaki's Ex-Wife Kim Breaks Silence On His Debt, Says Figure Doesn't Reflect What He Owes
Kim Kiyosaki said the debt is tied to partner-held assets, and Robert Kiyosaki’s personal share is small, she told Vanity Fair.
- Financial author Robert Kiyosaki faces $1.2 billion in debt, a figure John Poole of JPTD Partners in Arizona warns requires significant expertise to manage safely.
- To leverage property equity, Kiyosaki borrows against rising asset values and insulates individual investments within separate LLCs to act as firewalls protecting each holding.
- His ex-wife and business partner Kim Kiyosaki says the debt is attached to real estate assets rather than personally owed, adding that "he loves to say things that shock."
- Despite the leverage, Kiyosaki maintains an annual income of about $3 million, while his book Rich Dad, Poor Dad has sold more than 44 million copies worldwide.
- In October 2006 at Trump Tower, Kiyosaki co-authored Why We Want You to Be Rich with Donald Trump, though some experts advise against his high-leverage investment approach.
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Robert Kiyosaki’s $1.2 Billion Debt Claim Explained: Why the Viral Rumor Is False
Internewscast Journal Internewscast If you follow financial news or spend any time on social media,… This Post: Robert Kiyosaki’s $1.2 Billion Debt Claim Explained: Why the Viral Rumor Is False first appeared on Internewscast Journal
"Rich Dad Poor Dad" Author Robert Kiyosaki Claims He's in $1.2 Billion in Debt
(Zero Hedge)—Best-selling Rich Dad Poor Dad author Robert Kiyosaki said he owes a whopping $1.2 billion tied to his extensive real estate holdings, the New York Post reported. Kiyosaki made the admission during a wide-ranging interview on the “Get Rich Education” podcast. “So, I’m a billion two in debt,” he said. “But I studied it since 1974… If you’re […] The post “Rich Dad Poor Dad” Author Robert Kiyosaki Claims He’s in $1.2 Billion in Debt ap…
The huge amount of debt is related to Kiyosaki’s investment strategy. As the value of his property increases, the entrepreneur borrows more money using the accumulated capital in those properties as a backup.
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