« Rich Dad Poor Dad » author Robert Kiyosaki reportedly has $1.2 billion in debt

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Robert Kiyosaki, author of « Rich Dad Poor Dad, » claims to have $1.2 billion in debt tied to his real estate investments. His inner circle moderates this figure, with Kim Kiyosaki specifying that the debt is backed by a portfolio of approximately 1,500 housing units held in partnership and that the 79-year-old author’s personal share would be between $30 and $60 million. Kiyosaki’s strategy relies on leverage: borrowing against the latent appreciation of his properties, with the loan proceeds not being taxable as long as no sale is realized, each asset being held in a separate limited liability company to isolate risks. This approach raises questions about its resilience in the event of a real estate market downturn, as the European Central Bank warns of a decline in mortgage credit in Europe.

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Telemac
Telemachttp://cryptoinfo.ch
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