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Robert Kiyosaki carries $1.2 billion in real estate debt and calls it a tax strategy

8/31/2026

Levered real estate is rate-sensitive by construction.

That capital reality frames the $1.2 billion debt position personal finance author Robert Kiyosaki described on The Iced Coffee Hour podcast, a figure his former wife and longtime business partner Kim Kiyosaki clarified in an August 2026 Vanity Fair profile: the liability belongs to a group of real estate investors including Kiyosaki and his partners, tied to roughly 1,500 apartment units, with his personal share reportedly much smaller.

How the debt-as-income logic works Kiyosaki's argument rests on two features of the tax code.

Interest payments on investment loans are often deductible even when a property generates positive cash flow, and borrowing against appreciated equity sidesteps the capital-gains event that a sale would trigger.

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