**[Author of *Rich Dad Poor Dad* Claims $1.2 Billion Debt, Bitcoin Holdings Unencumbered]** According to BeInCrypto, *Rich Dad Poor Dad* author Robert Kiyosaki claims to be $1.2 billion in debt. However, this debt stems from mortgage loans on apartment buildings, not from his holdings in Bitcoin or gold. His ex-wife stated that the $1.2 billion is a shared loan with partners, involving approximately 1,500 apartment units, and his personal exposure is significantly lower than this figure. Kiyosaki has repeatedly advocated for holding gold and Bitcoin, but these holdings are not used as collateral—Bitcoin does not back any loans, as the collateral consists of physical real estate and rental income. Critics have pointed out that leverage is highly effective during periods of growth but can lead to severe losses when growth halts. While Kiyosaki warns that cheap credit will destroy the system, his investment portfolio relies on the continued availability of credit. His company previously filed for bankruptcy in 2012 after losing a lawsuit.