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'Rich Dad, Poor Dad' author says he's in $1 billion debt: 'If I go bust, bank goes bust'

Instead of saving cash, Robert Kiyosaki saved gold and converts his earnings into gold and silver. This strategy, according to him, led to the accumulation of $1.2 billion debt.
'Credit Suisse to collapse next,' says author who predicted Lehman Brothers crash

Robert Kiyosaki is author of the bestseller Rich Dad Poor Dad. Credit Suisse said it would borrow up to $54 billion from the Swiss central bank to shore up its liquidity and investor confidence.

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Robert Kiyosaki

'Rich Dad, Poor Dad' author says he's in $1 billion debt: 'If I go bust, bank goes bust'

'Credit Suisse to collapse next,' says author who predicted Lehman Brothers crash