‘$1.2 billion in debt’: How Robert Kiyosaki used real estate to build wealth

‘Rich Dad Poor Dad’ author Robert Kiyosaki says he is $1.2 billion in debt, but most of that borrowing is tied to a real-estate portfolio he owns with partners, according to reports.Kiyosaki, who has long advocated using debt to build wealth, has repeatedly cited the $1.2 billion figure while describing borrowing as a tool for acquiring income-generating assets.“So, I'm a billion two in debt,” Kiyosaki said on the “Get Rich Education” podcast, as quoted by NY Post. He cautioned that people should not copy his approach without understanding it. “If you're going to learn to use debt, you'd better take some education.”The figure, however, does not mean Kiyosaki personally owes $1.2 billion.