For years, Rich Dad Poor Dad creator Robert Kiyosaki has urged buyers to keep away from holding too much money and instead accumulate belongings including Bitcoin, gold, silver and real estate.
The 79-year-old personal finance creator has also made some of crypto’s most aggressive price calls, repeatedly arguing that Bitcoin could ultimately attain seven figures as authorities debt and currency debasement erode buying energy.
Now, Kiyosaki’s own use of debt is drawing renewed consideration after reports highlighted his claim that he is tied to roughly $1.2 billion in borrowing.
Related: Gal Gadot has a blunt response to Hollywood’s AI debate
Kiyosaki says debt can construct wealth
Kiyosaki disclosed the determine during a June 1 look on the Get Rich Education podcast.
“So, I’m a billion two in debt,” Kiyosaki said, before warning listeners against merely copying his strategy.
“You should not do what I do, right?”
Kiyosaki said he has studied debt since 1974 and argued that buyers need financial training before utilizing leverage.
The headline determine, however, does not characterize $1.2 billion of personal unsecured debt.
Kim Kiyosaki, his former spouse and longtime business associate, instructed Vanity Fair in an Aug. 26 profile that the debt is unfold across real estate investments held with companions, including roughly 1,500 condominium items.
“We have a lot of apartment houses with our partners,” she said. “So technically, yes, we have all this debt,” including that the borrowing is hooked up to actual belongings.
Vanity Fair estimated Kiyosaki’s personal share could be roughly $30 million to $60 million, primarily based on financial figures he supplied.
Most Popular on TheStreet Roundtable:
The strategy displays a central theme of Kiyosaki’s investing philosophy – use borrowing to purchase belongings that can generate income or admire rather than relying on money financial savings.
He has utilized related pondering to crypto, constantly grouping Bitcoin with gold and silver as belongings he believes can protect wealth during inflation and financial instability.
On March 17, for instance, Kiyosaki urged followers to accumulate Bitcoin, gold, silver and Ether forward of what he expects to be another main financial downturn.
His willingness to embrace leverage also comes with vital risk. Debt can amplify returns when belongings admire, but greater borrowing prices, falling property values or weaker money stream can amplify losses.
Related: 21 Wall Street banks make a dramatic U.S. greenback transfer
This story was initially printed by TheStreet on Sep 2, 2026, where it first appeared in the MARKETS part. Add TheStreet as a Preferred Source by clicking here.