Why is 'Rich Dad Poor Dad' author Robert Kiyosaki $1.2 billion in debt?

'Rich Dad Poor Dad' author Robert Kiyosaki's $1.2 billion debt is linked to his strategy of using leverage to buy income-generating assets. The debt is reportedly tied to around 1,500 apartments owned with investment partners through LLCs. Kiyosaki borrows against property equity to acquire more assets, calling it "good debt". However, critics warn that high leverage carries major cash-flow risks.