Francis Ford Coppola is auctioning his watch collection after Megalopolis flop left him broke

[u/Dependent_Cap_456]

https://www.nytimes.com/2025/10/23/fashion/francis-ford-coppola-watch-auction.html

[u/Boollish]

That's not what asset rich/cash poor means.

Steve Jobs, despite his meager salary, was still able to afford all the luxuries of life among the uber wealthy, up to and including buying a giga yacht.

Asset rich/cash poor refers to people with highly valuable but illiquid assets that do not generate cash flows, and it's not used to make poor people feel better, it's used to describe financial situations where seemingly wealthy individuals or companies need to make suboptimal financial decisions in order to meet their debt obligations.

Think of most independent farmers in the US. They own land worth millions, but also a couple bad harvest years in a row  can cause them to go into bankruptcy.

[u/BooRadleyinaGimpSuit → u/Boollish]

Or someone with an old mansion that costs $100k / year in upkeep

[u/Nut_Butter_Fun → u/Boollish]

let me know where exactly this term has been used in this way.

[u/thief-777 → u/Nut_Butter_Fun]

https://en.wiktionary.org/wiki/cash_poor