Very true, and there are examples.
Back when the USSR fell apart, my parents had taken an exchange student from the USSR. She was from a hundred miles or so from Chechnya, in a university town, and her father was a mechanical engineering professor (and a very practical person).
When the USSR fell apart, the university shut down, no money. The completely "theoretical" staff, physicists, mathematicians, etc, often were reduced to begging on the street. They didn't know how to "do" anything, not even plant seeds. Her father however, because he could do practical things, fix stuff, grow food, etc, did Ok. Not great, things were not great in general, but he was eating, and not destitute.
Rich people might start by handing out food, but most will end up far back in the line. Rich people often have only once resource, money. They use that to get the other things they need and want. When that does not work, there is nothing to fall back on. Money does not buy the last water a thirsty person in a desert has.