Not if you understand what "wealth" means, as per previous comment.

Your headline could be rephrased as "Someone who has a balance of 0 is wealthier than someone $100 overdraft" and you wouldn't blink.

Unless the baby was born into more debt than those people, no. It’s a fact that the baby is wealthier than they are. A substantial portion of our population is in debt. This is a fact.

What are you even questioning here??