Get the app →
BriefTea logoBriefTea

Every story in sixty words

Business · 1 day ago

Robert Kiyosaki is $1.2 billion in debt

Robert Kiyosaki is $1.2 billion in debt

Robert Kiyosaki, author of 'Rich Dad Poor Dad', has about $1.2 billion in debt linked to his real estate investments. His ex-wife, Kim Kiyosaki, said the figure is misunderstood and doesn't represent money he personally owes. Kiyosaki uses this strategy to borrow against rising property values, treating loan proceeds as tax-free income.

Reported by nypost.com · How we write briefs

Get the app

Understand this story

Who is Robert Kiyosaki?

More briefs

BusinessJet2 increases fuel hedging and reports higher bookings for summer WorldFrance starts testing Tesla driver assistance software ahead of European vote BusinessPound falls below $1.35 as gas prices hit a three-year high BusinessRyanair expects airfares to rise as it cuts two million winter passengers BusinessBritain's biggest meatpacker raises profit forecast after selling its vegan business TechnologyGoogle avoids breaking up ad business but must change how it operates More business stories → Browse all stories →