No,
this is not true. You have Azure tenant scope. This is the highest level/scope for Azure. Beneath the Azure tenant scope you have the Root Management group. Subscriptions are beneath the root management group. If you do not already have access to the root management group you need to become Global administrator, elevate your access, assign Azure RBAC roles to the accounts that you want to the root management group. Remove the elevated access.
At the end for security reasons:
- Global administrators should not have the option to elevate their access to Azure tenant.
- Accounts with global administrators should be limited.
- Accounts with ability to assign roles (Owner or user access administrator) roles on the tenant scope and/or root management group scope should be limited.