Robert Kiyosaki Clarifies Details Behind His $1.2 Billion Debt
· Business · Times of India, LiveMint
Author Robert Kiyosaki stated that his reported $1.2 billion in debt is tied to a real-estate portfolio comprising about 1,500 apartment units owned alongside business partners rather than personal obligations. Speaking on a podcast, the 'Rich Dad Poor Dad' author described debt as a vital financial tool for acquiring income-generating assets while cautioning against copying his approach without proper education. His former wife and business partner Kim Kiyosaki confirmed to Vanity Fair that the borrowing is attached directly to the properties rather than individual liabilities. Vanity Fair estimated Kiyosaki's personal share of the debt to be between $30 million and $60 million based on his reported annual earnings of roughly $3 million. The investment strategy relies on borrowing against rising property equity and utilizing limited liability companies as firewalls between separate ventures.
Why it matters
The disclosure clarifies the mechanics of real-estate leverage and heavy borrowing strategies utilized by large-scale property investors.
Read the original report — Times of India
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