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🇰🇷 South Korea /Economy & Trade

Rich Dad Poor Dad Author Admits to $1.2 Billion in Debt: “Dangerous to Follow”

From Dong-A Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • Robert Kiyosaki said he carries about $1.2 billion in debt linked to his real-estate investments.
  • He described borrowing against appreciating property and reinvesting the money in other income-generating assets.
  • Kiyosaki warned that ordinary investors could face danger if they follow the strategy.

Robert Kiyosaki, the author of Rich Dad Poor Dad, has disclosed that he carries about $1.2 billion in debt. The figure reveals the scale of the borrowing behind the investment strategy he has promoted for decades.

Kiyosaki made the disclosure in a recent interview on the Get Rich Education podcast, according to the New York Post and Vanity Fair. He said the debt came from his real-estate investments.

His approach involves borrowing again against properties when their value rises, then putting the money into other income-generating assets. Rather than selling property to realize gains, he continues to draw cash through loans.

Kiyosaki also said he places each investment asset in a separate limited liability company. He described that structure as a way to prevent problems with one asset from spreading to others. At the same time, he warned that ordinary investors could be taking a dangerous path if they try to follow the method.

I have about $1.2 billion in debt.

· Robert KiyosakiHe disclosed the scale of his debt in an interview about his real-estate investments.
About this summary

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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