Robert Kiyosaki’s Massive Debt Pile Sparks Debate in Chinese Property Market

Rich Dad, Poor Dad author’s vast debts spark awe – and some bitterness – in China

The revelation that Rich Dad, Poor Dad author Robert Kiyosaki has amassed a staggering debt pile has sparked heated discussion in China, where property investors have suffered painful losses in recent years amid a deep market downturn. The 79-year-old Japanese-American author, who inspired generations of investors to take on leverage to scale up their investments, claimed in a series of podcast interviews over the summer that he owed US$1.2 billion. His ex-wife and long-term business partner ...

By Zhu Wenqian