India, Sept. 2 -- "Rich Dad Poor Dad" author Robert Kiyosaki, who is widely followed for his financial advice and wealth-building strategies, is reportedly carrying $1.2 billion in debt linked to his extensive real-estate investments, according to media reports.

"So, I'm a billion two in debt," Kiyosaki said during an appearance on the "Get Rich Education" podcast over the summer. His remarks were quoted by the New York Post.

Kiyosaki also cautioned listeners against blindly following his approach.

"But I studied it since 1974. If you're going to learn to use debt, you'd better take some education," he said.

However, Kiyosaki's ex-wife and former business partner, Kim Kiyosaki, said the $1.2 billion figure has been widely misunderstoo...