Robert Kiyosaki has been telling everyone he’s $1.2 billion in debt as proof his philosophy works. His own business partner says that’s not his debt. Kim Kiyosaki told Vanity Fair last month the $1.2 billion sits across roughly 1,500 apartment units owned with a group of investors. She put his actual personal share at $30 to $60 million. So the number he’s been repeating for over a year is somewhere between 20 and 40 times his real exposure. His famous line is “if I go under, the bank goes under, it’s the bank’s problem not my problem.” That only works if you’re actually on the hook. Every asset sits in its own LLC, so if a project fails the bank eats it and nothing touches him. Which isn’t a philosophy. It’s just structuring. Worth knowing this has already happened. Rich Global LLC filed Chapter 7 in 2012 after a $24 million judgment. The company went under, he didn’t. The lesson people take from him is use debt to get rich. The actual lesson is put every deal in a separate entity so the losses land somewhere else. One is teachable at scale. The other requires lawyers and partners willing to hold the bag.