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Quite literally, yes. Their commitment to being as cheap as possible is pathological. Not frugal, cheap.
I don't understand how one can have multiple mansions and luxury cars, and then we get into things like the tailored suits and the fancy dinners, and also be cheap. That fits no definition of the word 'cheap' I know.
I know, it's a bit counterintuitive. But look at the Cheeto as a prime example. He's one of the biggest cheapskates around. He'll try and get out of paying for anything he possibly can. It's all slash and burn tactics with these people. It's all they know. They don't care if their bodyguards are from temu, because they're largely just for show.
He doesn't try to get out of paying for things he wants.