Is debt information public?

If you drive a $1 million car, yet, you’re $1 million in debt, technically you’re poor.

Similarly speaking, let us say that you drive a Ferrari Lamborghini or whatever… Yet… You still got a $10 million mortgage on your home, you’re still poor and in debt?

Real Rich versus Fake Rich?

The difference between having $1 million USD in the bank, liquid cash easily accessible… Zero dollars of debt, no mortgage, no car payment or payments APR whatever… versus “fake rich“, which is having “assets”, whatever?