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Kiyosaki’s $1.2B Debt Sparks China Property Negative Equity Debate

9/6/2026

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Summary

Story summary

Robert Kiyosaki said he owed US$1.2 billion, prompting debate in China.
Kim Kiyosaki told Vanity Fair the debt stems from borrowing for roughly 1,500 partner-shared flats.
Chinese investors bought flats after reading Rich Dad, Poor Dad and now face negative equity.
China’s property market downturn over five years caused steep price falls and widespread negative equity.

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Story summary

Robert Kiyosaki said he owed US$1.2 billion, prompting debate in China.
Kim Kiyosaki told Vanity Fair the debt stems from borrowing for roughly 1,500 partner-shared flats.
Chinese investors bought flats after reading Rich Dad, Poor Dad and now face negative equity.
China’s property market downturn over five years caused steep price falls and widespread negative equity.