Best-selling Rich Dad Poor Dad author Robert Kiyosaki said he owes a whopping $1.2 billion tied to his extensive real estate holdings, the New York Post reported.
Kiyosaki made the admission during a wide-ranging interview on the "Get Rich Education" podcast.
"So, I'm a billion two in debt," he said. "But I studied it since 1974... If you're going to learn to use debt, you'd better take some education."
However, Kim Kiyosaki, the financial self-help guru's former wife, told Vanity Fair the figure was blown out of proportion.
"We have a lot of apartment houses with our partners," Kim Kiyosaki said. "So technically, yes, we have all this debt."
"He loves to say things that shock," she added.
Vanity Fair reported that the pair's individual investments are held in separate limited liability companies, insulating them from one another if one runs into trouble.
Robert Kiyosaki told the magazine the same structure is used to keep those investments apart.
"If it all comes to hell, you can talk to my attorney," he said. "Firewalls - that's the way the rich play the ga
